Several other analysts have also recently issued reports on ACN. Zacks Investment Research cut shares of Accenture Plc from a buy rating to a hold rating in a report on Tuesday, December 13th. Cantor Fitzgerald set a $139.00 price target on shares of Accenture Plc and gave the company a buy rating in a report on Tuesday, December 13th. Barclays PLC cut their price target on shares of Accenture Plc from $128.00 to $124.00 and set an equal weight rating on the stock in a report on Thursday, December 22nd. Deutsche Bank AG reaffirmed a buy rating and issued a $127.00 price target (down from $131.00) on shares of Accenture Plc in a report on Friday, December 23rd. Finally, Credit Suisse Group AG set a $124.00 target price on shares of Accenture Plc and gave the company a hold rating in a research note on Sunday, December 25th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $128.08.
Shares of Accenture Plc (NYSE:ACN) traded up 0.02% during midday trading on Friday, hitting $119.23. 2,639,048 shares of the stock were exchanged. The stock has a 50 day moving average price of $120.75 and a 200-day moving average price of $118.84. Accenture Plc has a 12 month low of $108.66 and a 12 month high of $126.53. The company has a market cap of $73.93 billion, a PE ratio of 19.86 and a beta of 1.17.
Accenture Plc (NYSE:ACN) last posted its quarterly earnings results on Thursday, March 23rd. The information technology services provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.03. The firm had revenue of $8.32 billion for the quarter, compared to analysts’ expectations of $8.34 billion. Accenture Plc had a net margin of 12.34% and a return on equity of 46.99%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.34 earnings per share. On average, analysts predict that Accenture Plc will post $5.86 EPS for the current year.
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The business also recently announced a semiannual dividend, which will be paid on Monday, May 15th. Investors of record on Thursday, April 13th will be given a $1.21 dividend. This represents a yield of 2.03%. The ex-dividend date of this dividend is Tuesday, April 11th. This is a positive change from Accenture Plc’s previous semiannual dividend of $1.02. Accenture Plc’s dividend payout ratio is currently 35.85%.
In related news, CEO Pierre Nanterme sold 39,499 shares of the stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of $120.75, for a total value of $4,769,504.25. Following the completion of the transaction, the chief executive officer now owns 258,306 shares in the company, valued at approximately $31,190,449.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel T. London sold 697 shares of the company’s stock in a transaction dated Thursday, April 6th. The shares were sold at an average price of $117.29, for a total transaction of $81,751.13. Following the completion of the sale, the insider now directly owns 27,179 shares of the company’s stock, valued at $3,187,824.91. The disclosure for this sale can be found here. Insiders sold a total of 78,204 shares of company stock valued at $9,388,743 in the last quarter. 0.21% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of ACN. Elgethun Capital Management acquired a new stake in shares of Accenture Plc during the fourth quarter worth $102,000. Farmers & Merchants Investments Inc. increased its stake in shares of Accenture Plc by 1.3% in the first quarter. Farmers & Merchants Investments Inc. now owns 865 shares of the information technology services provider’s stock worth $104,000 after buying an additional 11 shares during the last quarter. Howe & Rusling Inc. increased its stake in shares of Accenture Plc by 14.2% in the first quarter. Howe & Rusling Inc. now owns 908 shares of the information technology services provider’s stock worth $109,000 after buying an additional 113 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Accenture Plc by 3.6% in the third quarter. Parkside Financial Bank & Trust now owns 945 shares of the information technology services provider’s stock worth $115,000 after buying an additional 33 shares during the last quarter. Finally, Independent Advisor Alliance acquired a new stake in shares of Accenture Plc during the fourth quarter worth $116,000. 77.38% of the stock is owned by institutional investors.
Accenture Plc 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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