Accenture (NYSE:ACN) received a $180.00 price target from stock analysts at Pivotal Research in a report issued on Tuesday, February 20th. The firm currently has a “buy” rating on the information technology services provider’s stock. Pivotal Research’s price objective suggests a potential upside of 11.80% from the company’s previous close.
A number of other brokerages have also issued reports on ACN. Robert W. Baird restated a “hold” rating and set a $155.00 target price on shares of Accenture in a research report on Thursday, December 7th. KeyCorp restated a “buy” rating and set a $149.00 target price on shares of Accenture in a research report on Sunday, October 29th. Zacks Investment Research upgraded shares of Accenture from a “hold” rating to a “buy” rating and set a $172.00 price target on the stock in a report on Wednesday, December 27th. Bank of America lifted their price target on shares of Accenture from $150.00 to $171.00 in a report on Friday, December 22nd. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $180.00 price target (up previously from $151.00) on shares of Accenture in a report on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $156.57.
Shares of Accenture (NYSE ACN) traded down $1.49 during midday trading on Tuesday, reaching $161.00. 2,214,813 shares of the company were exchanged, compared to its average volume of 2,390,000. Accenture has a 1 year low of $114.82 and a 1 year high of $165.58. The firm has a market capitalization of $103,460.00, a price-to-earnings ratio of 28.55, a P/E/G ratio of 2.43 and a beta of 1.01.
Accenture (NYSE:ACN) last announced its earnings results on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.12. Accenture had a net margin of 9.43% and a return on equity of 41.79%. The firm had revenue of $9.52 billion for the quarter, compared to analyst estimates of $9.25 billion. During the same quarter last year, the business earned $1.58 earnings per share. Accenture’s revenue was up 11.8% compared to the same quarter last year. analysts predict that Accenture will post 6.65 EPS for the current fiscal year.
In other news, insider Richard Lumb sold 2,000 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $155.34, for a total value of $310,680.00. Following the transaction, the insider now owns 121,041 shares of the company’s stock, valued at approximately $18,802,508.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Gianfranco Casati sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $152.92, for a total transaction of $764,600.00. Following the completion of the transaction, the insider now directly owns 46,202 shares in the company, valued at approximately $7,065,209.84. The disclosure for this sale can be found here. In the last three months, insiders sold 117,249 shares of company stock worth $18,106,228. Insiders own 0.21% of the company’s stock.
Several hedge funds have recently modified their holdings of ACN. Jacobi Capital Management LLC increased its stake in Accenture by 104.8% during the 3rd quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock worth $100,000 after buying an additional 372 shares during the period. Farmers National Bank purchased a new stake in Accenture during the 4th quarter worth $107,000. Virtue Capital Management LLC purchased a new stake in Accenture during the 4th quarter worth $128,000. Aevitas Wealth Management Inc. purchased a new stake in Accenture during the 4th quarter worth $131,000. Finally, Wagner Wealth Management LLC purchased a new stake in Accenture during the 4th quarter worth $179,000. 75.58% of the stock is currently owned by institutional investors and hedge funds.
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Accenture plc is a professional services company serving clients in various industries and in geographic regions, including North America, Europe and Growth Markets. The Company provides management and technology consulting services. Its segments include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources.
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