Accenture Plc (ACN) Touches $145.06 High on Nov, 14; Melvin Capital Management LP Boosted Its Salesforce Com (CRM) Position

November 14, 2017 - By Marie Mckinney

The stock of Accenture Plc (NYSE:ACN) reached all time high today, Nov, 14 and still has $149.41 target or 3.00% above today’s $145.06 share price. This indicates more upside for the $93.00B company. This technical setup was reported by Barchart.com. If the $149.41 PT is reached, the company will be worth $2.79 billion more. About 585,800 shares traded. Accenture Plc (NYSE:ACN) has risen 4.27% since November 14, 2016 and is uptrending. It has underperformed by 12.43% the S&P500.

Melvin Capital Management Lp increased Salesforce Com Inc (CRM) stake by 10.71% reported in 2017Q2 SEC filing. Melvin Capital Management Lp acquired 75,000 shares as Salesforce Com Inc (CRM)’s stock rose 7.28%. The Melvin Capital Management Lp holds 775,000 shares with $67.12M value, up from 700,000 last quarter. Salesforce Com Inc now has $76.41 billion valuation. The stock rose 0.54% or $0.57 reaching $106.32 per share. About 1.62M shares traded. salesforce.com, inc. (NYSE:CRM) has risen 7.78% since November 14, 2016 and is uptrending. It has underperformed by 8.92% the S&P500.

Among 26 analysts covering Accenture Plc (NYSE:ACN), 14 have Buy rating, 1 Sell and 11 Hold. Therefore 54% are positive. Accenture Plc has $165 highest and $11 lowest target. $135.12’s average target is -6.85% below currents $145.06 stock price. Accenture Plc had 70 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of Accenture Plc (NYSE:ACN) earned “Neutral” rating by Susquehanna on Tuesday, October 3. Goldman Sachs downgraded the shares of ACN in report on Monday, April 3 to “Sell” rating. Jefferies maintained Accenture Plc (NYSE:ACN) on Thursday, November 2 with “Hold” rating. Stifel Nicolaus maintained the shares of ACN in report on Thursday, November 2 with “Buy” rating. The stock of Accenture Plc (NYSE:ACN) earned “Outperform” rating by RBC Capital Markets on Friday, September 29. The firm earned “Buy” rating on Friday, October 16 by Cantor Fitzgerald. Barclays Capital maintained the stock with “Equal-Weight” rating in Monday, September 21 report. The stock of Accenture Plc (NYSE:ACN) earned “Hold” rating by BMO Capital Markets on Friday, March 24. Wedbush initiated Accenture Plc (NYSE:ACN) on Friday, September 9 with “Outperform” rating. The stock has “Sell” rating by Goldman Sachs on Friday, June 23.

Accenture plc is a professional services firm serving clients in various industries and in geographic regions, including North America, Europe and Growth Markets. The company has market cap of $93.00 billion. The Firm provides management and technology consulting services. It has a 26.66 P/E ratio. The Company’s divisions include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources.

Analysts await Accenture Plc (NYSE:ACN) to report earnings on December, 20. They expect $1.66 earnings per share, up 5.06% or $0.08 from last year’s $1.58 per share. ACN’s profit will be $1.06B for 21.85 P/E if the $1.66 EPS becomes a reality. After $1.48 actual earnings per share reported by Accenture Plc for the previous quarter, Wall Street now forecasts 12.16% EPS growth.

Investors sentiment increased to 1.05 in Q2 2017. Its up 0.12, from 0.93 in 2017Q1. It is positive, as 49 investors sold Accenture Plc shares while 348 reduced holdings. 82 funds opened positions while 334 raised stakes. 466.45 million shares or 0.50% more from 464.13 million shares in 2017Q1 were reported. Aviva Plc invested in 406,110 shares or 0.28% of the stock. Haverford Trust holds 820,194 shares or 2.21% of its portfolio. Btim Corporation owns 692,050 shares or 1.38% of their US portfolio. Coldstream Capital Mngmt holds 0.36% of its portfolio in Accenture Plc (NYSE:ACN) for 22,356 shares. The Connecticut-based Bradley Foster Sargent Ct has invested 0.1% in Accenture Plc (NYSE:ACN). Principal Gru reported 1.45M shares or 0.18% of all its holdings. Violich Capital Mngmt, California-based fund reported 47,478 shares. Legacy Private Trust invested in 0.68% or 43,461 shares. 144,375 were reported by Chesley Taft Associate Limited Liability Com. Cantab Capital Ptnrs Ltd Liability Partnership accumulated 28,657 shares. 1,690 were reported by Lincoln National Corp. Crestwood Advsrs Limited Co stated it has 0.19% of its portfolio in Accenture Plc (NYSE:ACN). Pitcairn invested in 2,021 shares. Advisory Rech Incorporated holds 0.1% of its portfolio in Accenture Plc (NYSE:ACN) for 54,972 shares. Gargoyle Advisor Ltd invested 0.98% of its portfolio in Accenture Plc (NYSE:ACN).

Among 51 analysts covering Salesforce.com (NYSE:CRM), 45 have Buy rating, 1 Sell and 5 Hold. Therefore 88% are positive. Salesforce.com had 177 analyst reports since August 21, 2015 according to SRatingsIntel. As per Tuesday, October 31, the company rating was maintained by Robert W. Baird. FBN Securities maintained the stock with “Buy” rating in Wednesday, August 23 report. The firm earned “Buy” rating on Wednesday, July 20 by Citigroup. The rating was maintained by RBC Capital Markets with “Buy” on Wednesday, November 8. The stock of salesforce.com, inc. (NYSE:CRM) earned “Hold” rating by Wedbush on Friday, August 28. On Monday, August 17 the stock rating was maintained by Deutsche Bank with “Buy”. Northland Capital maintained the shares of CRM in report on Friday, June 23 with “Buy” rating. The firm has “Overweight” rating given on Thursday, May 19 by JP Morgan. RBC Capital Markets maintained the shares of CRM in report on Friday, October 6 with “Buy” rating. The rating was maintained by Wedbush with “Outperform” on Thursday, September 1.

Since May 15, 2017, it had 1 buying transaction, and 62 selling transactions for $83.78 million activity. 20,000 shares valued at $1.78M were sold by Benioff Marc on Tuesday, May 16. $30,227 worth of stock was sold by Allanson Joe on Tuesday, May 30. Another trade for 490 shares valued at $43,436 was sold by Harris Parker. On Thursday, June 1 Roos John Victor sold $20,520 worth of salesforce.com, inc. (NYSE:CRM) or 228 shares. BLOCK KEITH sold $902,344 worth of stock or 10,000 shares. Dayon Alexandre had sold 800 shares worth $72,677. 490 shares valued at $43,436 were sold by Hawkins Mark J on Tuesday, May 23.

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