Accenture (NYSE:ACN) has been assigned a $180.00 target price by analysts at Pivotal Research in a report released on Tuesday, February 20th. The firm presently has a “buy” rating on the information technology services provider’s stock. Pivotal Research’s price objective indicates a potential upside of 11.80% from the company’s current price.
Other research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Accenture from a “hold” rating to a “buy” rating and set a $172.00 price target for the company in a report on Wednesday, December 27th. Morgan Stanley raised shares of Accenture from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $159.00 to $140.00 in a report on Monday, February 5th. Cowen reissued a “buy” rating and set a $165.00 price target on shares of Accenture in a report on Thursday, December 14th. Credit Suisse Group set a $165.00 price target on shares of Accenture and gave the stock a “hold” rating in a report on Tuesday, January 2nd. Finally, SunTrust Banks reissued a “hold” rating and set a $164.00 price target on shares of Accenture in a report on Thursday, December 21st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $156.57.
Shares of Accenture (ACN) traded down $1.49 on Tuesday, hitting $161.00. 2,214,813 shares of the stock traded hands, compared to its average volume of 2,390,000. Accenture has a twelve month low of $114.82 and a twelve month high of $165.58. The firm has a market capitalization of $103,460.00, a P/E ratio of 28.55, a price-to-earnings-growth ratio of 2.43 and a beta of 1.01.
Accenture (NYSE:ACN) last announced its earnings results 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. Accenture had a net margin of 9.43% and a return on equity of 41.79%. The business had revenue of $9.52 billion during the quarter, compared to the consensus estimate of $9.25 billion. During the same quarter in the prior year, the firm earned $1.58 earnings per share. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. analysts anticipate that Accenture will post 6.65 earnings per share for the current year.
In other news, insider Richard Lumb sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $155.34, for a total transaction of $310,680.00. Following the completion of the transaction, the insider now directly owns 121,041 shares of the company’s stock, valued at approximately $18,802,508.94. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Gianfranco Casati sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $152.92, for a total transaction of $764,600.00. Following the transaction, the insider now directly owns 46,202 shares of the company’s stock, valued at $7,065,209.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 117,249 shares of company stock valued at $18,106,228. 0.21% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of ACN. Jacobi Capital Management LLC increased its stake in shares of Accenture by 104.8% during the 3rd quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock worth $100,000 after purchasing an additional 372 shares in the last quarter. Farmers National Bank purchased a new position in shares of Accenture during the 4th quarter worth approximately $107,000. Virtue Capital Management LLC purchased a new position in shares of Accenture during the 4th quarter worth approximately $128,000. Aevitas Wealth Management Inc. purchased a new position in shares of Accenture during the 4th quarter worth approximately $131,000. Finally, Wagner Wealth Management LLC purchased a new position in shares of Accenture during the 4th quarter worth approximately $179,000. 75.58% of the stock is owned by institutional investors and hedge funds.
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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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