Accenture (NYSE:ACN) issued its quarterly earnings results on Thursday. The information technology services provider reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.09, RTT News reports. The company had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.31 billion. Accenture had a return on equity of 41.79% and a net margin of 9.43%. Accenture’s revenue was up 15.2% on a year-over-year basis. During the same period last year, the company earned $1.33 earnings per share. Accenture updated its FY18 guidance to $6.61-6.70 EPS.
Accenture stock opened at $160.00 on Thursday. The company has a market capitalization of $103,474.09, a price-to-earnings ratio of 28.68, a PEG ratio of 2.45 and a beta of 1.01. Accenture has a 52 week low of $114.82 and a 52 week high of $165.58.
Several analysts have recently weighed in on ACN shares. Robert W. Baird reiterated a “hold” rating and set a $155.00 target price on shares of Accenture in a research report on Thursday, December 7th. Pivotal Research set a $180.00 target price on Accenture and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Wedbush reiterated an “outperform” rating and set a $180.00 target price (up from $165.00) on shares of Accenture in a research report on Tuesday. Zacks Investment Research upgraded Accenture from a “hold” rating to a “buy” rating and set a $172.00 target price for the company in a research report on Wednesday, December 27th. Finally, Bank of America lifted their target price on Accenture from $150.00 to $171.00 in a research 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. The stock has an average rating of “Hold” and a consensus target price of $159.04.
In other Accenture news, CEO Pierre Nanterme sold 34,232 shares of Accenture stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $152.94, for a total value of $5,235,442.08. Following the transaction, the chief executive officer now owns 262,490 shares in the company, valued at $40,145,220.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gianfranco Casati sold 5,000 shares of Accenture stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $152.92, for a total value of $764,600.00. Following the completion of the transaction, the insider now 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 90 days, insiders have sold 117,249 shares of company stock worth $18,106,228. Insiders own 0.21% of the company’s stock.
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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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