Accenture plc (ACN) Reaches $147.87 High on Dec, 7; Synchronoss Technologies (SNCR)’s Sentiment Is 0.65

December 7, 2017 - By Maria Brooks

The stock of Accenture plc (NYSE:ACN) reached all time high today, Dec, 7 and still has $155.26 target or 5.00% above today’s $147.87 share price. This indicates more upside for the $90.90B company. This technical setup was reported by Barchart.com. If the $155.26 PT is reached, the company will be worth $4.54B more. The stock decreased 0.27% or $0.4 during the last trading session, reaching $147.87. About 319,503 shares traded. Accenture plc (NYSE:ACN) has risen 4.27% since December 7, 2016 and is uptrending. It has underperformed by 12.43% the S&P500.

Synchronoss Technologies, Inc. provides cloud solutions and software activation for connected devices worldwide. The company has market cap of $417.84 million. The companyÂ’s services and products include cloud sync, backup, storage and content engagement capabilities, broadband connectivity solutions, analytics, white label messaging, and identity/access management that enable communications service providers, cable operators/multi-services operators, original equipment manufacturers with embedded connectivity, and multi-channel retailers, as well as other clients to accelerate and monetize value-add services for secure and broadband networks and connected devices. It has a 19.54 P/E ratio. It also provides Synchronoss Enterprise solutions, such as secure mobility management, data and analytics, and identity and access management solutions for the financial, telecommunications, healthcare, life sciences, and government sectors; and Synchronoss Personal Cloud platform that delivers an operator-branded experience for subscribers to backup, restore, synchronize, and share their personal content across smartphones, tablets, computers, and other connected devices.

The stock decreased 9.15% or $0.8861 during the last trading session, reaching $8.7939. About 1.13M shares traded. Synchronoss Technologies, Inc. (SNCR) has declined 60.71% since December 7, 2016 and is downtrending. It has underperformed by 77.41% the S&P500.

Okumus Fund Management Ltd. holds 2.55% of its portfolio in Synchronoss Technologies, Inc. for 699,400 shares. Elk Creek Partners Llc owns 2.34 million shares or 2.49% of their US portfolio. Moreover, Indaba Capital Management L.P. has 2.22% invested in the company for 600,000 shares. The Texas-based Smith Graham & Co. Investment Advisors Lp has invested 1.22% in the stock. Malaga Cove Capital Llc, a California-based fund reported 46,538 shares.

Among 26 analysts covering Accenture Plc (NYSE:ACN), 14 have Buy rating, 1 Sell and 11 Hold. Therefore 54% are positive. Accenture Plc had 72 analyst reports since August 12, 2015 according to SRatingsIntel. Pivotal Research initiated Accenture plc (NYSE:ACN) rating on Wednesday, November 8. Pivotal Research has “Buy” rating and $165 target. Citigroup maintained the stock with “Neutral” rating in Wednesday, September 28 report. The company was maintained on Thursday, September 28 by Robert W. Baird. As per Monday, October 3, the company rating was maintained by Cantor Fitzgerald. The rating was maintained by Cowen & Co with “Outperform” on Tuesday, May 31. RBC Capital Markets maintained it with “Buy” rating and $14500 target in Monday, August 14 report. The stock of Accenture plc (NYSE:ACN) earned “Buy” rating by Stifel Nicolaus on Monday, March 21. The rating was maintained by Barclays Capital with “Equalweight” on Thursday, July 7. On Monday, March 28 the stock rating was maintained by Citigroup with “Neutral”. Barclays Capital maintained the shares of ACN in report on Monday, September 21 with “Equal-Weight” rating.

Investors sentiment increased to 1.05 in 2017 Q2. 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. Bryn Mawr Trust has invested 0.03% of its portfolio in Accenture plc (NYSE:ACN). Aristotle Capital Ltd Liability holds 0.11% or 109,498 shares in its portfolio. Suncoast Equity Management owns 201,353 shares for 7.55% of their portfolio. Midas Management Corp, New York-based fund reported 20,000 shares. Amalgamated Bancorporation holds 0.3% of its portfolio in Accenture plc (NYSE:ACN) for 73,224 shares. Shelton has invested 0.05% of its portfolio in Accenture plc (NYSE:ACN). Stifel Finance accumulated 731,707 shares or 0.34% of the stock. 182,500 are owned by State Of New Jersey Common Pension Fund D. Utd Capital Fincl Advisers Ltd Liability invested in 0.16% or 142,987 shares. Lateef Mgmt Lp, California-based fund reported 114,881 shares. Farmers & Merchants Investments invested in 1,115 shares. Synovus Finance Corporation holds 44,415 shares or 0.11% of its portfolio. Zeke Cap Advisors Ltd holds 0.15% or 6,163 shares in its portfolio. Hightower Advsrs Llc reported 0.08% stake. Thrivent Fin For Lutherans accumulated 0.01% or 23,510 shares.

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By1 Maria Brooks




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