Accenture (NYSE:ACN) had its price objective hoisted by Robert W. Baird from $216.00 to $222.00 in a research report released on Friday morning, BenzingaRatingsTable reports. The firm currently has a neutral rating on the information technology services provider’s stock.
Other analysts have also recently issued reports about the company. UBS Group raised their price target on Accenture from $160.00 to $215.00 and gave the company a neutral rating in a report on Friday. Wells Fargo & Co downgraded Accenture from an overweight rating to an equal weight rating and raised their price objective for the company from $190.00 to $200.00 in a research note on Thursday, June 18th. They noted that the move was a valuation call. Zacks Investment Research downgraded Accenture from a hold rating to a sell rating and set a $196.00 price objective for the company. in a research note on Wednesday, April 15th. BNP Paribas downgraded Accenture from an outperform rating to a neutral rating in a research note on Wednesday, June 3rd. Finally, Societe Generale raised Accenture to a buy rating and set a $205.00 price objective for the company in a research note on Friday, March 27th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the stock. Accenture presently has a consensus rating of Buy and an average target price of $219.44.
ACN opened at $212.72 on Friday. Accenture has a one year low of $137.15 and a one year high of $217.89. The company has a market cap of $134.08 billion, a P/E ratio of 27.84, a PEG ratio of 2.78 and a beta of 1.06. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.38 and a current ratio of 1.38. The business’s 50-day simple moving average is $199.62 and its 200-day simple moving average is $193.06.
Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, June 25th. The information technology services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.06. Accenture had a return on equity of 32.04% and a net margin of 11.11%. The firm had revenue of $10.99 billion for the quarter, compared to the consensus estimate of $10.89 billion. During the same quarter last year, the business posted $1.93 EPS. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. As a group, analysts predict that Accenture will post 7.63 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Thursday, July 16th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Wednesday, July 15th. Accenture’s payout ratio is 43.48%.
In related news, General Counsel Joel Unruch sold 855 shares of the business’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $175.18, for a total value of $149,778.90. Following the completion of the sale, the general counsel now directly owns 24,689 shares of the company’s stock, valued at $4,325,019.02. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Kathleen R. Mcclure sold 1,125 shares of the business’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $185.00, for a total value of $208,125.00. Following the completion of the sale, the chief financial officer now directly owns 23,085 shares of the company’s stock, valued at $4,270,725. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,221 shares of company stock worth $4,169,477. Corporate insiders own 0.10% of the company’s stock.
Large investors have recently bought and sold shares of the company. Total Clarity Wealth Management Inc. acquired a new position in shares of Accenture during the fourth quarter worth approximately $26,000. HHM Wealth Advisors LLC acquired a new position in shares of Accenture during the first quarter worth approximately $29,000. Islay Capital Management LLC acquired a new position in shares of Accenture during the fourth quarter worth approximately $31,000. Mark Sheptoff Financial Planning LLC boosted its position in shares of Accenture by 200.0% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 150 shares of the information technology services provider’s stock worth $32,000 after buying an additional 100 shares during the period. Finally, FSA Wealth Management LLC acquired a new position in shares of Accenture during the fourth quarter worth approximately $34,000. 73.64% of the stock is owned by institutional investors.
Accenture Company Profile
Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.
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