Accenture (NYSE:ACN) Stock Rating Reaffirmed by Susquehanna Bancshares

Accenture (NYSE:ACN)‘s stock had its “hold” rating restated by investment analysts at Susquehanna Bancshares in a research note issued on Tuesday, December 26th. They presently have a $145.00 price target on the information technology services provider’s stock. Susquehanna Bancshares’ target price points to a potential downside of 9.44% from the company’s previous close.

Several other research 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 target on the stock in a research report on Monday, August 28th. Stifel Nicolaus upped their price target on Accenture from $138.00 to $146.00 and gave the company a “buy” rating in a research report on Thursday, September 7th. Deutsche Bank upped their price target on Accenture to $165.00 in a research report on Monday, December 11th. KeyCorp reissued a “buy” rating and set a $149.00 price target on shares of Accenture in a research report on Sunday, October 29th. Finally, Pivotal Research assumed coverage on Accenture in a research report on Wednesday, November 8th. They issued a “buy” rating and a $165.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $156.57.

Shares of Accenture (NYSE:ACN) opened at $160.11 on Tuesday. The company has a market capitalization of $102,640.00, a price-to-earnings ratio of 28.39, a PEG ratio of 2.40 and a beta of 1.08. Accenture has a fifty-two week low of $112.31 and a fifty-two week high of $160.63.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.12. The firm had revenue of $9.52 billion for the quarter, compared to analyst estimates of $9.25 billion. Accenture had a return on equity of 41.79% and a net margin of 9.43%. Accenture’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.58 earnings per share. sell-side analysts predict that Accenture will post 6.64 EPS for the current fiscal year.

In other Accenture news, CAO Richard P. Clark sold 1,433 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $158.37, for a total value of $226,944.21. Following the completion of the sale, the chief accounting officer now owns 8,932 shares in the company, valued at approximately $1,414,560.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard Lumb sold 2,200 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $138.94, for a total value of $305,668.00. Following the completion of the sale, the insider now owns 117,151 shares of the company’s stock, valued at approximately $16,276,959.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,116 shares of company stock valued at $12,211,924. 0.21% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in ACN. Jacobi Capital Management LLC lifted its position in shares of Accenture by 104.8% in the 3rd quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock worth $100,000 after acquiring an additional 372 shares during the period. TCI Wealth Advisors Inc. lifted its position in shares of Accenture by 23.4% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock worth $106,000 after acquiring an additional 162 shares during the period. Manchester Capital Management LLC lifted its position in shares of Accenture by 7.0% in the 2nd quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock worth $114,000 after acquiring an additional 60 shares during the period. Captrust Financial Advisors bought a new stake in shares of Accenture in the 2nd quarter worth approximately $129,000. Finally, Monroe Bank & Trust MI lifted its position in shares of Accenture by 37.3% in the 2nd quarter. Monroe Bank & Trust MI now owns 1,288 shares of the information technology services provider’s stock worth $159,000 after acquiring an additional 350 shares during the period. Institutional investors own 75.23% of the company’s stock.

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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.

Analyst Recommendations for Accenture (NYSE:ACN)

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