Accenture PLC (NYSE:ACN) has been assigned a consensus rating of “Buy” from the twenty-six ratings firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, fourteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $130.51.
ACN has been the subject of several research reports. BidaskClub cut shares of Accenture PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday. Morgan Stanley set a $132.00 price target on shares of Accenture PLC and gave the stock a “hold” rating in a research note on Friday, June 16th. Robert W. Baird reaffirmed a “neutral” rating and set a $138.00 price target (up from $132.00) on shares of Accenture PLC in a research note on Wednesday, June 14th. Cowen and Company raised their price target on shares of Accenture PLC from $131.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 28th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $135.00 price target on shares of Accenture PLC in a research note on Monday, May 29th.
Accenture PLC (ACN) traded up 0.19% during mid-day trading on Monday, reaching $128.40. 1,133,850 shares of the company’s stock were exchanged. The company has a market cap of $79.35 billion, a PE ratio of 22.74 and a beta of 1.11. Accenture PLC has a 52-week low of $108.83 and a 52-week high of $129.70. The stock has a 50-day moving average price of $125.86 and a 200 day moving average price of $121.59.
Accenture PLC (NYSE:ACN) last posted its earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.52. The business had revenue of $8.87 billion during the quarter, compared to analysts’ expectations of $8.82 billion. Accenture PLC had a return on equity of 43.96% and a net margin of 9.92%. Accenture PLC’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.41 EPS. Equities analysts predict that Accenture PLC will post $5.90 earnings per share for the current fiscal year.
In other Accenture PLC news, General Counsel Chad T. Jerdee sold 3,200 shares of the firm’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $122.97, for a total transaction of $393,504.00. Following the completion of the sale, the general counsel now owns 18,566 shares of the company’s stock, valued at approximately $2,283,061.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard Lumb sold 2,200 shares of the firm’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $121.06, for a total value of $266,332.00. Following the sale, the insider now directly owns 121,710 shares of the company’s stock, valued at approximately $14,734,212.60. The disclosure for this sale can be found here. Insiders have sold a total of 74,817 shares of company stock valued at $9,252,889 in the last ninety days. Insiders own 0.21% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Wealthfront Inc. increased its stake in shares of Accenture PLC by 25.0% in the fourth quarter. Wealthfront Inc. now owns 18,237 shares of the information technology services provider’s stock valued at $2,136,000 after buying an additional 3,647 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Accenture PLC by 0.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 3,645,348 shares of the information technology services provider’s stock valued at $426,979,000 after buying an additional 25,957 shares in the last quarter. Perigon Wealth Management LLC increased its stake in Accenture PLC by 127.6% in the fourth quarter. Perigon Wealth Management LLC now owns 10,499 shares of the information technology services provider’s stock worth $1,298,000 after buying an additional 5,887 shares in the last quarter. M Holdings Securities Inc. increased its stake in Accenture PLC by 4.1% in the fourth quarter. M Holdings Securities Inc. now owns 8,686 shares of the information technology services provider’s stock worth $1,017,000 after buying an additional 339 shares in the last quarter. Finally, Pegasus Partners Ltd. increased its stake in Accenture PLC by 82.4% in the fourth quarter. Pegasus Partners Ltd. now owns 14,622 shares of the information technology services provider’s stock worth $1,713,000 after buying an additional 6,607 shares in the last quarter. 77.43% of the stock is owned by institutional investors and hedge funds.
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Accenture PLC 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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