Accenture (NYSE:ACN) had its price target decreased by Wedbush from $180.00 to $153.50 in a research report report published on Monday, April 2nd. Wedbush currently has an outperform rating on the information technology services provider’s stock. Wedbush also issued estimates for Accenture’s Q3 2018 earnings at $1.74 EPS, Q4 2018 earnings at $1.60 EPS, FY2018 earnings at $6.70 EPS, Q1 2019 earnings at $1.86 EPS, Q2 2019 earnings at $1.62 EPS, Q3 2019 earnings at $1.98 EPS, Q4 2019 earnings at $1.83 EPS and FY2019 earnings at $7.29 EPS.
Other equities research analysts also recently issued reports about the company. KeyCorp lifted their price objective on Accenture from $172.00 to $181.00 and gave the company a positive rating in a report on Monday, March 19th. Sanford C. Bernstein assumed coverage on Accenture in a report on Wednesday, March 28th. They set an outperform rating and a $180.00 price objective on the stock. Pivotal Research lifted their price objective on Accenture from $165.00 to $180.00 and gave the company a buy rating in a report on Friday, December 22nd. Zacks Investment Research upgraded shares of Accenture from a hold rating to a buy rating and set a $172.00 target price for the company in a research note on Wednesday, December 27th. Finally, Morgan Stanley upgraded shares of Accenture from an equal weight rating to an overweight rating and cut their target price for the company from $159.00 to $140.00 in a research note on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $161.80.
Shares of NYSE:ACN opened at $152.41 on Monday. The stock has a market capitalization of $98,798.44, a PE ratio of 25.79, a price-to-earnings-growth ratio of 2.33 and a beta of 1.04. Accenture has a 52-week low of $118.40 and a 52-week high of $165.58.
Accenture (NYSE:ACN) last released its earnings results on Thursday, March 22nd. The information technology services provider reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.09. Accenture had a return on equity of 41.50% and a net margin of 9.18%. The business 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 business earned $1.33 earnings per share. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. sell-side analysts predict that Accenture will post 6.69 EPS for the current year.
In other news, CFO David Rowland sold 3,102 shares of the business’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $161.21, for a total value of $500,073.42. Following the completion of the transaction, the chief financial officer now owns 25,012 shares of the company’s stock, valued at approximately $4,032,184.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jean-Marc Ollagnier sold 1,637 shares of the business’s stock in a transaction on Monday, March 26th. The shares were sold at an average price of $150.87, for a total transaction of $246,974.19. Following the completion of the transaction, the insider now directly owns 186,112 shares of the company’s stock, valued at approximately $28,078,717.44. The disclosure for this sale can be found here. Insiders have sold a total of 105,450 shares of company stock valued at $16,145,247 in the last ninety days. Company insiders own 0.21% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Farmers National Bank bought a new stake in Accenture during the 4th quarter worth about $107,000. Virtue Capital Management LLC bought a new stake in Accenture during the 4th quarter worth about $128,000. Aevitas Wealth Management Inc. bought a new stake in Accenture during the 4th quarter worth about $131,000. Wagner Wealth Management LLC bought a new stake in Accenture during the 4th quarter worth about $179,000. Finally, Santori & Peters Inc. bought a new stake in Accenture during the 4th quarter worth about $181,000. 75.62% of the stock is owned by institutional investors.
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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