A number of other equities analysts have also recently commented on the company. Zacks Investment Research upgraded Accenture from a hold rating to a buy rating and set a $145.00 price target for the company in a report on Wednesday, September 6th. Stifel Nicolaus lifted their price target on Accenture from $138.00 to $146.00 and gave the stock a buy rating in a report on Thursday, September 7th. KeyCorp reiterated a buy rating and set a $149.00 price target on shares of Accenture in a report on Sunday, October 29th. Deutsche Bank lifted their price target on Accenture to $165.00 in a report on Monday, December 11th. Finally, Cowen set a $150.00 price target on Accenture and gave the stock a buy rating in a report on Monday, October 23rd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $153.40.
Accenture (ACN) opened at $153.09 on Thursday. Accenture has a 1-year low of $112.31 and a 1-year high of $158.44. The company has a market capitalization of $101,032.97, a PE ratio of 27.10, a P/E/G ratio of 2.31 and a beta of 1.08.
Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, December 21st. The information technology services provider reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.12. Accenture had a return on equity of 41.79% and a net margin of 9.43%. The business had revenue of $9.52 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter last year, the company posted $1.58 earnings per share. Accenture’s quarterly revenue was up 11.8% on a year-over-year basis. equities analysts expect that Accenture will post 6.64 earnings per share for the current fiscal year.
In other news, insider Richard Lumb sold 2,200 shares of Accenture stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $138.94, for a total value of $305,668.00. Following the completion of the sale, the insider now directly owns 117,151 shares in the company, valued at $16,276,959.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Daniel T. London sold 637 shares of Accenture stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $136.03, for a total transaction of $86,651.11. The disclosure for this sale can be found here. Insiders have sold 73,066 shares of company stock valued at $10,796,194 over the last 90 days. Company insiders own 0.21% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of Accenture in the second quarter valued at approximately $533,000. Jacobi Capital Management LLC raised its position in Accenture by 104.8% during the third quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock valued at $100,000 after purchasing an additional 372 shares in the last quarter. TCI Wealth Advisors Inc. raised its position in Accenture by 23.4% during the second quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock valued at $106,000 after purchasing an additional 162 shares in the last quarter. Manchester Capital Management LLC raised its position in Accenture by 7.0% during the second quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock valued at $114,000 after purchasing an additional 60 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new position in Accenture during the second quarter valued at approximately $129,000. Institutional investors own 72.42% of the company’s stock.
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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