Accenture (NYSE:ACN) had its price target raised by stock analysts at Robert W. Baird from $162.00 to $165.00 in a report issued on Tuesday. The brokerage presently has a “neutral” rating on the information technology services provider’s stock. Robert W. Baird’s price target suggests a potential upside of 2.08% from the company’s previous close.
Several other equities analysts have also recently commented on ACN. Zacks Investment Research upgraded shares of Accenture from a “hold” rating to a “buy” rating and set a $165.00 target price for the company in a research report on Tuesday, November 28th. Deutsche Bank boosted their target price on shares of Accenture to $165.00 in a research report on Monday, December 11th. Cowen restated a “buy” rating and issued a $165.00 target price on shares of Accenture in a research report on Thursday, December 14th. SunTrust Banks restated a “hold” rating and issued a $164.00 target price on shares of Accenture in a research report on Thursday, December 21st. Finally, Bank of America boosted their target price on shares of Accenture from $150.00 to $171.00 in a research report on Friday, December 22nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the stock. Accenture currently has an average rating of “Hold” and a consensus price target of $159.04.
Shares of Accenture (NYSE:ACN) traded up $1.02 during trading on Tuesday, reaching $161.64. 354,185 shares of the company’s stock traded hands, compared to its average volume of 2,235,252. Accenture has a twelve month low of $114.82 and a twelve month high of $165.58. The firm has a market cap of $102,209.88, a PE ratio of 28.56, a price-to-earnings-growth ratio of 2.42 and a beta of 1.01.
Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.12. The business had revenue of $9.52 billion during the quarter, compared to analysts’ expectations of $9.25 billion. Accenture had a net margin of 9.43% and a return on equity of 41.79%. The business’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.58 EPS. equities research analysts anticipate that Accenture will post 6.65 earnings per share for the current fiscal year.
In other Accenture news, CFO David Rowland sold 3,102 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $161.21, for a total transaction of $500,073.42. Following the sale, the chief financial officer now directly owns 25,012 shares of the company’s stock, valued at approximately $4,032,184.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ellyn Shook sold 4,375 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $159.25, for a total transaction of $696,718.75. Following the sale, the insider now directly owns 41,595 shares in the company, valued at $6,624,003.75. The disclosure for this sale can be found here. Insiders have sold a total of 117,249 shares of company stock worth $18,106,228 over the last ninety days. 0.21% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Chemical Bank grew its holdings in Accenture by 5.3% during the 4th quarter. Chemical Bank now owns 33,990 shares of the information technology services provider’s stock worth $5,204,000 after acquiring an additional 1,700 shares during the last quarter. Wagner Wealth Management LLC bought a new stake in Accenture during the 4th quarter worth approximately $179,000. Colonial Trust Advisors grew its holdings in Accenture by 39.2% during the 4th quarter. Colonial Trust Advisors now owns 46,129 shares of the information technology services provider’s stock worth $7,062,000 after acquiring an additional 12,992 shares during the last quarter. Xact Kapitalforvaltning AB grew its holdings in Accenture by 6.0% during the 4th quarter. Xact Kapitalforvaltning AB now owns 129,257 shares of the information technology services provider’s stock worth $19,788,000 after acquiring an additional 7,343 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Accenture by 3.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 266,793 shares of the information technology services provider’s stock valued at $40,843,000 after purchasing an additional 8,660 shares during the last quarter. 75.57% of the stock is currently owned by hedge funds and other institutional investors.
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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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