Pivotal Research reissued their buy rating on shares of Accenture (NYSE:ACN) in a research note published on Wednesday. They currently have a $180.00 price objective on the information technology services provider’s stock.
“We attended the RPA (robotic process automation) NYC conference last year, what are your thoughts on RPA and Automation for a YY comparison? Automation is here to stay. Didn’t think it was ‘emerging’ last year as it has been around for many years, but yes it has gained steam and last was an inflection point.”,” Pivotal Research’s analyst wrote.
A number of other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Accenture from a buy rating to a hold rating in a research note on Tuesday, September 12th. Deutsche Bank raised their price target on shares of Accenture to $165.00 in a report on Monday, December 11th. KeyCorp reissued a buy rating and issued a $149.00 price target on shares of Accenture in a report on Sunday, October 29th. Cowen set a $150.00 price target on shares of Accenture and gave the company a buy rating in a report on Monday, October 23rd. Finally, Stifel Nicolaus reissued a buy rating and issued a $150.00 price target on shares of Accenture in a report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $156.57.
Accenture (NYSE ACN) traded up $1.00 during trading on Wednesday, reaching $160.11. Accenture has a 52 week low of $112.31 and a 52 week high of $160.63. The company has a market capitalization of $102,640.00, a price-to-earnings ratio of 28.39, a price-to-earnings-growth ratio of 2.40 and a beta of 1.08.
Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $9.25 billion. During the same period in the previous year, the business earned $1.58 EPS. Accenture’s revenue was up 11.8% compared to the same quarter last year. sell-side analysts forecast that Accenture will post 6.64 EPS for the current year.
In other news, CEO Pierre Nanterme sold 34,232 shares of Accenture stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $152.94, for a total transaction of $5,235,442.08. Following the completion of the sale, the chief executive officer now directly owns 262,490 shares of the company’s stock, valued at approximately $40,145,220.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider ‘T Noordende Alexander M. Van sold 6,500 shares of Accenture stock in a transaction on Monday, January 1st. The stock was sold at an average price of $153.48, for a total transaction of $997,620.00. The disclosure for this sale can be found here. Insiders have sold a total of 82,116 shares of company stock valued at $12,211,924 over the last ninety days. 0.21% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of ACN. Janus Henderson Group PLC lifted its holdings in shares of Accenture by 2,531.4% during the 2nd quarter. Janus Henderson Group PLC now owns 2,520,680 shares of the information technology services provider’s stock worth $311,760,000 after acquiring an additional 2,424,888 shares during the last quarter. Capital International Investors raised its position in Accenture by 89.1% in the 3rd quarter. Capital International Investors now owns 4,670,977 shares of the information technology services provider’s stock worth $630,909,000 after purchasing an additional 2,200,243 shares during the period. BT Investment Management Ltd purchased a new position in Accenture in the 2nd quarter worth $220,158,000. BlackRock Inc. raised its position in Accenture by 3.0% in the 2nd quarter. BlackRock Inc. now owns 40,659,545 shares of the information technology services provider’s stock worth $5,028,772,000 after purchasing an additional 1,196,578 shares during the period. Finally, Vanguard Group Inc. raised its position in Accenture by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 48,468,073 shares of the information technology services provider’s stock worth $5,994,531,000 after purchasing an additional 1,088,676 shares during the period. 75.23% of the stock is owned by institutional investors.
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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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