Accenture (NYSE:ACN) had its price target boosted by Barclays from $135.00 to $152.00 in a research note released on Saturday, December 30th. Barclays currently has an equal weight rating on the information technology services provider’s stock.
Several other equities analysts also recently 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 for the company in a research report on Wednesday, September 6th. Stifel Nicolaus lifted their price objective 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 lifted their price objective on Accenture to $165.00 in a research report on Monday, December 11th. KeyCorp reaffirmed a buy rating and issued a $149.00 price objective on shares of Accenture in a research report on Sunday, October 29th. Finally, Pivotal Research initiated coverage on Accenture in a research report on Wednesday, November 8th. They issued a buy rating and a $165.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $156.57.
Accenture (NYSE:ACN) opened at $160.11 on Friday. The firm 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 has a 1 year low of $112.31 and a 1 year high of $160.63.
Accenture (NYSE:ACN) last released its quarterly 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. The company had revenue of $9.52 billion during the quarter, compared to the consensus estimate of $9.25 billion. Accenture had a return on equity of 41.79% and a net margin of 9.43%. Accenture’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.58 earnings per share. analysts anticipate that Accenture will post 6.64 earnings per share for the current fiscal year.
In other Accenture news, insider Richard Lumb sold 2,200 shares of the business’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $138.94, for a total transaction of $305,668.00. Following the transaction, the insider now owns 117,151 shares in the company, valued at $16,276,959.94. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Daniel T. London sold 3,087 shares of the business’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $140.05, for a total value of $432,334.35. Following the transaction, the insider now owns 21,241 shares in the company, valued at approximately $2,974,802.05. The disclosure for this sale can be found here. Insiders sold 82,116 shares of company stock worth $12,211,924 in the last quarter. 0.21% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Jacobi Capital Management LLC lifted its stake in shares of Accenture by 104.8% during the third 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. TCI Wealth Advisors Inc. increased its position in shares of Accenture by 23.4% during the second 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 last quarter. Manchester Capital Management LLC increased its position in shares of Accenture by 7.0% during the second 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 last quarter. Captrust Financial Advisors purchased a new stake in shares of Accenture during the second quarter worth about $129,000. Finally, Monroe Bank & Trust MI increased its position in shares of Accenture by 37.3% during the second 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 last quarter. 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.
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