Accenture Plc (NYSE:ACN) – Research analysts at William Blair lowered their Q4 2020 EPS estimates for shares of Accenture in a report released on Thursday, June 25th. William Blair analyst M. Nolan now expects that the information technology services provider will post earnings of $1.71 per share for the quarter, down from their prior forecast of $1.79.
Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, June 25th. The information technology services provider reported $1.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.06. The company had revenue of $10.99 billion during the quarter, compared to the consensus estimate of $10.89 billion. Accenture had a return on equity of 32.04% and a net margin of 11.11%. Accenture’s revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.93 EPS.
Several other research analysts also recently weighed in on the company. Cowen boosted their price target on Accenture from $175.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, June 19th. Wolfe Research boosted their price target on Accenture from $165.00 to $220.00 and gave the company a “peer perform” rating in a report on Friday. Morgan Stanley boosted their price target on Accenture from $185.00 to $230.00 and gave the company an “overweight” rating in a report on Tuesday, June 23rd. Susquehanna Bancshares upped their price objective on Accenture from $225.00 to $250.00 in a report on Friday. Finally, Moffett Nathanson upgraded Accenture from a “neutral” rating to a “buy” rating and set a $200.00 price objective for the company in a report on Friday, March 20th. Two 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. The company presently has an average rating of “Buy” and an average target price of $219.44.
Shares of ACN opened at $212.72 on Monday. The stock has a fifty day moving average of $199.62 and a two-hundred day moving average of $193.06. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market capitalization of $134.08 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 2.78 and a beta of 1.06. Accenture has a fifty-two week low of $137.15 and a fifty-two week high of $217.89.
Large investors have recently modified their holdings of the business. Total Clarity Wealth Management Inc. acquired a new stake in shares of Accenture during the 4th quarter valued at $26,000. Islay Capital Management LLC acquired a new stake in shares of Accenture during the 4th quarter valued at $31,000. Mark Sheptoff Financial Planning LLC boosted its stake 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 buying an additional 100 shares during the period. FSA Wealth Management LLC acquired a new stake in shares of Accenture during the 4th quarter valued at $34,000. Finally, HHM Wealth Advisors LLC bought a new position in shares of Accenture during the 1st quarter valued at $29,000. 73.64% of the stock is owned by institutional investors.
In related news, Chairman David Rowland sold 2,119 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $178.63, for a total value of $378,516.97. Following the completion of the transaction, the chairman now owns 15,238 shares of the company’s stock, valued at approximately $2,721,963.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jean-Marc Ollagnier sold 4,499 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $175.21, for a total transaction of $788,269.79. Following the completion of the transaction, the insider now directly owns 180,110 shares of the company’s stock, valued at approximately $31,557,073.10. The disclosure for this sale can be found here. Insiders have sold 23,221 shares of company stock worth $4,169,477 in the last quarter. Company insiders own 0.10% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 16th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.50%. Accenture’s dividend payout ratio is presently 43.48%.
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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