Accenture PLC (NYSE:ACN) – Stock analysts at KeyCorp lifted their Q2 2018 earnings per share (EPS) estimates for shares of Accenture in a research note issued to investors on Sunday, Zacks Investment Research reports. KeyCorp analyst A. Ramnani now anticipates that the information technology services provider will earn $1.47 per share for the quarter, up from their prior estimate of $1.45. KeyCorp currently has a “Buy” rating and a $149.00 target price on the stock. KeyCorp also issued estimates for Accenture’s FY2018 earnings at $6.64 EPS, Q1 2019 earnings at $1.75 EPS, Q2 2019 earnings at $1.59 EPS, Q3 2019 earnings at $2.01 EPS and FY2019 earnings at $7.22 EPS.
Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.01. The business had revenue of $9.15 billion for the quarter, compared to analysts’ expectations of $9.01 billion. Accenture had a return on equity of 42.65% and a net margin of 9.37%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.31 earnings per share.
Several other analysts have also weighed in on the company. Zacks Investment Research raised Accenture from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a report on Monday, August 28th. Stifel Nicolaus boosted their price objective on Accenture from $138.00 to $146.00 and gave the company a “buy” rating in a report on Thursday, September 7th. Pivotal Research started coverage on Accenture in a report on Wednesday, November 8th. They issued a “buy” rating and a $165.00 price objective for the company. Cowen set a $150.00 price objective on Accenture and gave the company a “buy” rating in a report on Monday, October 23rd. Finally, Evercore ISI boosted their price objective on Accenture from $148.00 to $162.00 and gave the company a “reduce” rating in a report on Thursday, November 16th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $144.38.
Shares of Accenture (ACN) traded up $0.33 during trading on Tuesday, reaching $148.60. The company had a trading volume of 1,526,446 shares, compared to its average volume of 2,114,250. The company has a market capitalization of $97,456.00, a price-to-earnings ratio of 24.99, a P/E/G ratio of 2.19 and a beta of 1.08. Accenture has a 1 year low of $112.31 and a 1 year high of $148.66.
Several large investors have recently made changes to their positions in the company. Chicago Partners Investment Group LLC lifted its position in shares of Accenture by 1,074.2% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 11,084 shares of the information technology services provider’s stock valued at $1,497,000 after acquiring an additional 10,140 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Accenture during the 3rd quarter valued at $1,560,000. Americafirst Capital Management LLC acquired a new stake in shares of Accenture during the 3rd quarter valued at $187,000. Moors & Cabot Inc. lifted its position in shares of Accenture by 34.9% during the 3rd quarter. Moors & Cabot Inc. now owns 23,138 shares of the information technology services provider’s stock valued at $3,128,000 after acquiring an additional 5,985 shares during the last quarter. Finally, Belpointe Asset Management LLC acquired a new stake in shares of Accenture during the 3rd quarter valued at $359,000. Institutional investors own 72.51% of the company’s stock.
In other Accenture news, insider Gianfranco Casati sold 20,380 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $142.72, for a total value of $2,908,633.60. Following the completion of the sale, the insider now directly owns 51,014 shares in the company, valued at $7,280,718.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Pierre Nanterme sold 38,589 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $135.03, for a total value of $5,210,672.67. Following the completion of the sale, the chief executive officer now owns 179,083 shares of the company’s stock, valued at $24,181,577.49. The disclosure for this sale can be found here. Insiders sold a total of 83,325 shares of company stock valued at $11,479,125 over the last three months. Corporate insiders own 0.21% of the company’s stock.
The firm also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 15th. Investors of record on Thursday, October 19th were issued a $1.33 dividend. This represents a yield of 1.97%. The ex-dividend date was Wednesday, October 18th. Accenture’s dividend payout ratio (DPR) is 48.90%.
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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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