Cantor Fitzgerald reissued their overweight rating on shares of Accenture (NYSE:ACN) in a research report sent to investors on Tuesday morning. Cantor Fitzgerald also issued estimates for Accenture’s FY2018 earnings at $6.67 EPS and FY2019 earnings at $7.25 EPS.
A number of other brokerages also recently issued reports on ACN. Pivotal Research set a $180.00 price target on Accenture and gave the stock a buy rating in a research report on Tuesday, February 20th. Robert W. Baird raised their price target on Accenture from $162.00 to $165.00 and gave the stock a neutral rating in a research report on Tuesday, March 20th. KeyCorp raised their price target on Accenture from $172.00 to $181.00 and gave the stock a positive rating in a research report on Monday, March 19th. Wedbush restated an outperform rating and issued a $180.00 price target (up from $165.00) on shares of Accenture in a research report on Tuesday, March 20th. Finally, Cowen restated a buy rating and issued a $175.00 price target on shares of Accenture in a research report on Friday, January 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the company. Accenture currently has an average rating of Buy and a consensus price target of $161.80.
NYSE ACN opened at $147.38 on Tuesday. The company has a market cap of $96,289.09, a PE ratio of 23.79, a PEG ratio of 2.27 and a beta of 1.04. Accenture has a one year low of $114.82 and a one year high of $165.58.
Accenture (NYSE:ACN) last posted its earnings results on Thursday, March 22nd. The information technology services provider reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.09. The firm had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.31 billion. Accenture had a return on equity of 41.50% and a net margin of 9.18%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.33 EPS. sell-side analysts predict that Accenture will post 6.69 earnings per share for the current fiscal year.
In other news, CAO Richard P. Clark sold 1,433 shares of Accenture stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $158.37, for a total transaction of $226,944.21. Following the completion of the sale, the chief accounting officer now directly owns 8,932 shares in the company, valued at $1,414,560.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jean-Marc Ollagnier sold 1,637 shares of the firm’s stock in a transaction on Monday, March 26th. The shares were sold at an average price of $150.87, for a total value of $246,974.19. Following the transaction, the insider now owns 186,112 shares in the company, valued at approximately $28,078,717.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 115,012 shares of company stock valued at $17,667,326. Corporate insiders own 0.21% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Foster & Motley Inc. increased its stake in shares of Accenture by 0.8% during the fourth quarter. Foster & Motley Inc. now owns 39,904 shares of the information technology services provider’s stock valued at $6,109,000 after buying an additional 318 shares during the period. Park Avenue Securities LLC increased its stake in shares of Accenture by 11.2% during the fourth quarter. Park Avenue Securities LLC now owns 3,251 shares of the information technology services provider’s stock valued at $500,000 after buying an additional 327 shares during the period. Capital Analysts LLC increased its stake in shares of Accenture by 4.9% during the fourth quarter. Capital Analysts LLC now owns 7,937 shares of the information technology services provider’s stock valued at $1,215,000 after buying an additional 368 shares during the period. Coldstream Capital Management Inc. increased its stake in shares of Accenture by 1.7% during the third quarter. Coldstream Capital Management Inc. now owns 22,734 shares of the information technology services provider’s stock valued at $3,070,000 after buying an additional 378 shares during the period. Finally, D.A. Davidson & CO. increased its stake in shares of Accenture by 4.3% during the fourth quarter. D.A. Davidson & CO. now owns 9,219 shares of the information technology services provider’s stock valued at $1,411,000 after buying an additional 383 shares during the period. Hedge funds and other institutional investors own 75.58% 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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