Accenture Plc (NYSE:ACN) – Stock analysts at Piper Sandler upped their FY2020 EPS estimates for shares of Accenture in a research note issued to investors on Thursday, June 25th. Piper Sandler analyst A. Ramnani now forecasts that the information technology services provider will post earnings per share of $7.63 for the year, up from their prior forecast of $7.59. Piper Sandler currently has a “Neutral” rating and a $196.00 target price on the stock. Piper Sandler also issued estimates for Accenture’s Q4 2020 earnings at $1.72 EPS, Q1 2021 earnings at $2.04 EPS, Q2 2021 earnings at $1.88 EPS, Q3 2021 earnings at $2.15 EPS, Q4 2021 earnings at $2.00 EPS and FY2021 earnings at $8.07 EPS.
A number of other equities analysts have also recently issued reports on ACN. BMO Capital Markets lifted their target price on Accenture from $188.00 to $215.00 and gave the stock a “market perform” rating in a report on Friday, June 26th. They noted that the move was a valuation call. Citigroup lifted their target price on Accenture from $230.00 to $247.00 and gave the stock a “buy” rating in a report on Friday, June 26th. Wolfe Research lifted their target price on Accenture from $165.00 to $220.00 and gave the stock a “peer perform” rating in a report on Friday, June 26th. Moffett Nathanson raised Accenture from a “neutral” rating to a “buy” rating and set a $200.00 target price for the company in a research report on Friday, March 20th. Finally, UBS Group raised their target price on Accenture from $160.00 to $215.00 and gave the stock a “neutral” rating in a research report on Friday, June 26th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the stock. Accenture currently has a consensus rating of “Buy” and an average target price of $219.44.
Shares of NYSE ACN opened at $212.72 on Monday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $135.06 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 2.78 and a beta of 1.06. The stock’s fifty day simple moving average is $200.11 and its 200 day simple moving average is $193.12. Accenture has a 52-week low of $137.15 and a 52-week high of $217.89.
Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, June 25th. The information technology services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.06. The company had revenue of $10.99 billion for the quarter, compared to analysts’ expectations of $10.89 billion. Accenture had a return on equity of 32.04% and a net margin of 11.11%. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period last year, the firm earned $1.93 EPS.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Thursday, July 16th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $3.20 annualized dividend and a yield of 1.50%. Accenture’s dividend payout ratio (DPR) is currently 43.48%.
In other news, CEO Gianfranco Casati sold 3,682 shares of Accenture stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $180.00, for a total value of $662,760.00. Following the transaction, the chief executive officer now directly owns 26,014 shares in the company, valued at $4,682,520. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ellyn Shook sold 2,501 shares of Accenture stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $212.27, for a total value of $530,887.27. Following the completion of the transaction, the insider now owns 24,071 shares in the company, valued at $5,109,551.17. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,847 shares of company stock worth $4,939,033. Corporate insiders own 0.10% of the company’s stock.
Several institutional investors have recently bought and sold shares of ACN. Total Clarity Wealth Management Inc. bought a new stake in shares of Accenture during the 4th quarter valued at $26,000. HHM Wealth Advisors LLC bought a new stake in shares of Accenture during the 1st quarter valued at $29,000. Islay Capital Management LLC bought a new stake in shares of Accenture during the 4th quarter valued at $31,000. Mark Sheptoff Financial Planning LLC raised its position in shares of Accenture by 200.0% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 150 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 100 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new stake in shares of Accenture during the 4th quarter valued at $34,000. Institutional investors and hedge funds own 73.64% of the company’s stock.
Accenture Company Profile
Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.
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