Shares of Accenture PLC (NYSE:ACN) have received an average recommendation of “Buy” from the twenty-five research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, fourteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $141.84.
Several equities analysts recently issued reports on the company. Susquehanna Bancshares Inc restated a “neutral” rating and set a $144.00 price target on shares of Accenture PLC in a research report on Tuesday, October 3rd. UBS AG cut Accenture PLC from a “positive” rating to a “neutral” rating in a report on Tuesday, October 3rd. SunTrust Banks, Inc. set a $130.00 price objective on Accenture PLC and gave the stock a “hold” rating in a report on Sunday, October 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $150.00 price objective on shares of Accenture PLC in a report on Sunday, October 1st. Finally, BMO Capital Markets increased their price objective on Accenture PLC from $130.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, September 29th.
In related news, insider Ellyn Shook sold 4,400 shares of Accenture PLC stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $125.00, for a total value of $550,000.00. Following the completion of the sale, the insider now owns 37,344 shares of the company’s stock, valued at $4,668,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel T. London sold 637 shares of Accenture PLC stock in a transaction on Friday, October 6th. The stock was sold at an average price of $136.03, for a total value of $86,651.11. The disclosure for this sale can be found here. Insiders sold 70,710 shares of company stock valued at $9,404,197 in the last ninety days. 0.21% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of ACN. TCI Wealth Advisors Inc. lifted its position in Accenture PLC 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. Bellwether Investment Group LLC lifted its position in Accenture PLC by 64.2% during the first quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock valued at $110,000 after purchasing an additional 359 shares in the last quarter. Manchester Capital Management LLC lifted its position in Accenture PLC 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. Parkside Financial Bank & Trust lifted its position in Accenture PLC by 2.0% during the first quarter. Parkside Financial Bank & Trust now owns 978 shares of the information technology services provider’s stock valued at $117,000 after purchasing an additional 19 shares in the last quarter. Finally, Harbour Capital Advisors LLC purchased a new position in Accenture PLC during the first quarter valued at $122,000. 77.73% of the stock is owned by institutional investors.
Accenture PLC (NYSE:ACN) traded up 0.45% during trading on Friday, hitting $137.60. The company had a trading volume of 1,394,226 shares. Accenture PLC has a 1-year low of $112.31 and a 1-year high of $138.70. The stock has a market capitalization of $84.97 billion, a price-to-earnings ratio of 25.28 and a beta of 1.08. The company’s 50 day moving average price is $133.81 and its 200-day moving average price is $126.22.
Accenture PLC (NYSE:ACN) last posted its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.01. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The business had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.01 billion. During the same period last year, the company earned $1.31 EPS. Accenture PLC’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, analysts expect that Accenture PLC will post $6.56 EPS for the current year.
The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, October 19th will be issued a $1.33 dividend. This represents a dividend yield of 1.97%. The ex-dividend date of this dividend is Wednesday, October 18th. Accenture PLC’s payout ratio is currently 44.49%.
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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