Accenture (NYSE:ACN) had its price objective increased by Barclays from $152.00 to $154.00 in a research note issued to investors on Friday morning. The firm currently has an equal weight rating on the information technology services provider’s stock.
Other equities analysts also recently issued reports about the stock. Bank of America increased their price objective on shares of Accenture from $150.00 to $171.00 in a research note on Friday, December 22nd. Deutsche Bank increased their price objective on shares of Accenture to $165.00 in a research note on Monday, December 11th. Cowen reiterated a buy rating and set a $165.00 price objective on shares of Accenture in a research note on Thursday, December 14th. Zacks Investment Research upgraded shares of Accenture from a hold rating to a buy rating and set a $165.00 price objective on the stock in a research note on Tuesday, November 28th. Finally, Pivotal Research increased their price objective on shares of Accenture from $165.00 to $180.00 and gave the company a buy rating in a research note on Friday, December 22nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the company’s stock. Accenture currently has a consensus rating of Hold and a consensus target price of $159.91.
Shares of Accenture (ACN) traded down $2.88 during mid-day trading on Friday, reaching $147.35. 4,039,806 shares of the company’s stock were exchanged, compared to its average volume of 2,770,621. The company has a market cap of $95,437.81, a P/E ratio of 25.90, a P/E/G ratio of 2.26 and a beta of 1.01. Accenture has a twelve month low of $114.82 and a twelve month high of $165.58.
Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, March 22nd. The information technology services provider reported $1.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.09. Accenture had a net margin of 9.18% and a return on equity of 41.50%. The firm had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.31 billion. During the same period last year, the firm earned $1.33 earnings per share. The company’s quarterly revenue was up 15.2% on a year-over-year basis. analysts anticipate that Accenture will post 6.66 earnings per share for the current year.
In other Accenture news, CAO Richard P. Clark sold 1,433 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $158.37, for a total value of $226,944.21. Following the completion of the sale, the chief accounting officer now directly owns 8,932 shares in the company, valued at $1,414,560.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Gianfranco Casati sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 26th. The stock was 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 of the company’s stock, valued at approximately $7,065,209.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 117,249 shares of company stock valued at $18,106,228. 0.21% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Atlanta Capital Management Co. L L C raised its holdings in shares of Accenture by 4.6% in the third quarter. Atlanta Capital Management Co. L L C now owns 580,977 shares of the information technology services provider’s stock worth $78,472,000 after buying an additional 25,671 shares during the last quarter. MU Investments Co. Ltd. purchased a new position in shares of Accenture in the fourth quarter worth $5,654,000. Tiedemann Wealth Management LLC raised its holdings in shares of Accenture by 13.8% in the third quarter. Tiedemann Wealth Management LLC now owns 7,066 shares of the information technology services provider’s stock worth $551,000 after buying an additional 858 shares during the last quarter. Somerset Trust Co purchased a new position in shares of Accenture in the fourth quarter worth $1,522,000. Finally, Wealthfront Inc. raised its holdings in shares of Accenture by 9.6% in the fourth quarter. Wealthfront Inc. now owns 23,247 shares of the information technology services provider’s stock worth $3,559,000 after buying an additional 2,043 shares during the last quarter. 75.57% of the stock is owned by institutional investors and hedge funds.
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Accenture Company Profile
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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