Accenture (NYSE:ACN) has been given a $180.00 target price by research analysts at Pivotal Research in a report issued on Thursday. The firm currently has a “buy” rating on the information technology services provider’s stock. Pivotal Research’s price target indicates a potential upside of 22.16% from the stock’s current price.
Other research analysts have also issued reports about the stock. KeyCorp increased their price objective on shares of Accenture from $172.00 to $181.00 and gave the stock a “positive” rating in a report on Monday, March 19th. Zacks Investment Research upgraded shares of Accenture from a “hold” rating to a “buy” rating and set a $172.00 price objective on the stock in a report on Wednesday, December 27th. Morgan Stanley raised shares of Accenture from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $159.00 to $140.00 in a research report on Monday, February 5th. Cowen reissued a “buy” rating and set a $165.00 target price on shares of Accenture in a research report on Thursday, December 14th. Finally, Credit Suisse Group set a $165.00 target price on shares of Accenture and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company. Accenture currently has a consensus rating of “Hold” and a consensus price target of $159.91.
Accenture stock opened at $147.35 on Thursday. The firm has a market cap of $102,934.09, a PE ratio of 26.08, a PEG ratio of 2.43 and a beta of 1.01. Accenture has a 1-year low of $114.82 and a 1-year high of $165.58.
Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, March 22nd. The information technology services provider reported $1.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.09. The business had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.31 billion. Accenture had a net margin of 9.43% and a return on equity of 41.79%. The company’s revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.33 EPS. analysts expect that Accenture will post 6.66 EPS for the current year.
In other Accenture news, CAO Richard P. Clark sold 1,433 shares of the stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $158.37, for a total value of $226,944.21. Following the completion of the sale, the chief accounting officer now owns 8,932 shares of the company’s stock, valued at $1,414,560.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Pierre Nanterme sold 34,232 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold 117,249 shares of company stock valued at $18,106,228 in the last ninety days. 0.21% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of the business. Chemical Bank grew its position in Accenture by 5.3% in the fourth quarter. Chemical Bank now owns 33,990 shares of the information technology services provider’s stock valued at $5,204,000 after acquiring an additional 1,700 shares in the last quarter. Wagner Wealth Management LLC acquired a new stake in Accenture in the fourth quarter valued at approximately $179,000. Colonial Trust Advisors grew its position in shares of Accenture by 39.2% during the fourth quarter. Colonial Trust Advisors now owns 46,129 shares of the information technology services provider’s stock worth $7,062,000 after buying an additional 12,992 shares in the last quarter. Xact Kapitalforvaltning AB grew its position in shares of Accenture by 6.0% during the fourth quarter. Xact Kapitalforvaltning AB now owns 129,257 shares of the information technology services provider’s stock worth $19,788,000 after buying an additional 7,343 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Accenture by 3.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 266,793 shares of the information technology services provider’s stock worth $40,843,000 after buying an additional 8,660 shares in the last quarter. 75.57% of the stock is owned by institutional investors.
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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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