Accenture (NYSE:ACN) had its price objective boosted by Deutsche Bank to $165.00 in a report published on Monday, December 11th.
ACN has been the topic of several other research reports. Cowen set a $150.00 price target on Accenture and gave the company a buy rating in a report on Monday, October 23rd. Stifel Nicolaus reissued a buy rating and set a $150.00 price target on shares of Accenture in a report on Sunday, October 1st. Barclays increased their price target on Accenture from $124.00 to $135.00 and gave the company an equal weight rating in a report on Wednesday, September 27th. 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 report on Wednesday, September 6th. Finally, Morgan Stanley increased their price target on Accenture from $132.00 to $140.00 and gave the company an equal weight rating 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 given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Buy and an average price target of $146.42.
Accenture (NYSE ACN) traded down $0.47 during mid-day trading on Monday, hitting $151.75. The company’s stock had a trading volume of 3,206,100 shares, compared to its average volume of 2,119,409. Accenture has a 1 year low of $112.31 and a 1 year high of $153.75. The stock has a market cap of $100,458.81, a P/E ratio of 25.76, a price-to-earnings-growth ratio of 2.25 and a beta of 1.08.
Accenture (NYSE:ACN) last posted its earnings results on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.12. The firm had revenue of $9.52 billion for the quarter, compared to the consensus estimate of $9.25 billion. Accenture had a return on equity of 42.65% and a net margin of 9.37%. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.58 EPS. research analysts predict that Accenture will post 6.54 earnings per share for the current year.
In other Accenture news, CEO Pierre Nanterme sold 38,589 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Gianfranco Casati sold 20,380 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $142.72, for a total transaction of $2,908,633.60. Following the completion of the sale, the insider now directly owns 51,014 shares of the company’s stock, valued at approximately $7,280,718.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,325 shares of company stock valued at $11,479,125. Company insiders own 0.21% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Jacobi Capital Management LLC raised its stake in Accenture by 104.8% in the third quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock worth $100,000 after buying an additional 372 shares in the last quarter. TCI Wealth Advisors Inc. raised its stake in Accenture by 23.4% in the second quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock worth $106,000 after buying an additional 162 shares in the last quarter. Manchester Capital Management LLC raised its stake in Accenture by 7.0% in the second quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock worth $114,000 after buying an additional 60 shares in the last quarter. Harbour Capital Advisors LLC bought a new position in Accenture in the first quarter worth approximately $122,000. Finally, Parkside Financial Bank & Trust raised its stake in Accenture by 5.3% in the second quarter. Parkside Financial Bank & Trust now owns 1,030 shares of the information technology services provider’s stock worth $127,000 after buying an additional 52 shares in the last quarter. 72.39% of the stock is owned by hedge funds and other institutional investors.
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.