Accenture PLC (NYSE:ACN) – Equities researchers at Wedbush upped their Q1 2018 earnings per share (EPS) estimates for Accenture in a research note issued to investors on Tuesday. Wedbush analyst M. Katri now anticipates that the information technology services provider will post earnings of $1.67 per share for the quarter, up from their previous forecast of $1.66. Wedbush also issued estimates for Accenture’s Q4 2018 earnings at $1.73 EPS, FY2018 earnings at $6.56 EPS, Q1 2019 earnings at $1.80 EPS, Q2 2019 earnings at $1.60 EPS, Q3 2019 earnings at $1.89 EPS, Q4 2019 earnings at $1.87 EPS and FY2019 earnings at $7.16 EPS.
Other analysts also recently issued research reports about the stock. Berenberg Bank restated a “buy” rating and set a $160.00 price target on shares of Accenture in a report on Thursday, September 21st. Cowen reiterated a “buy” rating and issued a $150.00 target price (up previously from $135.00) on shares of Accenture in a report on Tuesday, September 19th. Societe Generale downgraded shares of Accenture from a “buy” rating to a “hold” rating and set a $144.00 target price for the company. in a report on Thursday, September 28th. Susquehanna Bancshares reiterated a “neutral” rating and issued a $144.00 target price on shares of Accenture in a report on Tuesday, October 3rd. Finally, KeyCorp reiterated a “buy” rating and issued a $135.00 target price on shares of Accenture in a report on Friday, September 22nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Accenture currently has a consensus rating of “Buy” and a consensus target price of $145.77.
Shares of Accenture (ACN) traded up $1.41 during midday trading on Wednesday, hitting $152.10. 2,318,300 shares of the stock were exchanged, compared to its average volume of 2,112,973. The firm has a market cap of $99,449.07, a P/E ratio of 25.50, a P/E/G ratio of 2.23 and a beta of 1.08. Accenture has a fifty-two week low of $112.31 and a fifty-two week high of $152.80.
Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.01. The business had revenue of $9.15 billion during the quarter, compared to the consensus estimate of $9.01 billion. Accenture had a net margin of 9.37% and a return on equity of 42.65%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.31 EPS.
The firm also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th were paid a $1.33 dividend. The ex-dividend date of this dividend was Wednesday, October 18th. This represents a dividend yield of 1.97%. Accenture’s dividend payout ratio (DPR) is 48.90%.
In other news, insider Daniel T. London sold 637 shares of Accenture stock in a transaction on Friday, October 6th. The shares were sold at an average price of $136.03, for a total transaction of $86,651.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Pierre Nanterme sold 38,589 shares of Accenture stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $135.03, for a total transaction of $5,210,672.67. Following the sale, the chief executive officer now directly owns 179,083 shares of the company’s stock, valued at $24,181,577.49. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 83,325 shares of company stock valued at $11,479,125. Corporate insiders own 0.21% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its position in Accenture by 2,531.4% in the second quarter. Janus Henderson Group PLC now owns 2,520,680 shares of the information technology services provider’s stock valued at $311,760,000 after acquiring an additional 2,424,888 shares during the last quarter. Capital International Investors lifted its position in Accenture by 89.1% in the third quarter. Capital International Investors now owns 4,670,977 shares of the information technology services provider’s stock valued at $630,909,000 after acquiring an additional 2,200,243 shares during the last quarter. BT Investment Management Ltd purchased a new stake in Accenture in the second quarter valued at $220,158,000. BlackRock Inc. lifted its position in Accenture by 3.0% in the second quarter. BlackRock Inc. now owns 40,659,545 shares of the information technology services provider’s stock valued at $5,028,772,000 after acquiring an additional 1,196,578 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Accenture by 2.3% in the second quarter. Vanguard Group Inc. now owns 48,468,073 shares of the information technology services provider’s stock valued at $5,994,531,000 after acquiring an additional 1,088,676 shares during the last quarter. 72.51% of the stock is owned by institutional investors and hedge funds.
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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