Accenture PLC (ACN) Reaches New 12-Month High at $144.46

Accenture PLC (NYSE:ACN) reached a new 52-week high during trading on Friday . The company traded as high as $144.46 and last traded at $0.00, with a volume of shares trading hands.

A number of brokerages have issued reports on ACN. Cowen and Company set a $150.00 price objective on Accenture PLC and gave the company a “buy” rating in a research note on Monday, October 23rd. Stifel Nicolaus restated a “buy” rating and issued a $150.00 price objective on shares of Accenture PLC in a research note on Sunday, October 1st. Barclays PLC upped their price objective on Accenture PLC from $124.00 to $135.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 27th. Zacks Investment Research upgraded Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research note on Wednesday, September 6th. Finally, Morgan Stanley upped their price objective on Accenture PLC from $132.00 to $140.00 and gave the company an “equal weight” rating in a research note on Friday, September 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $141.84.

The stock has a market cap of $88.17 billion, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 2.12 and a beta of 1.08.

Accenture PLC (NYSE:ACN) last announced its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.01. The company had revenue of $9.15 billion for the quarter, compared to analysts’ expectations of $9.01 billion. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. Accenture PLC’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $1.31 EPS. sell-side analysts predict that Accenture PLC will post 6.54 earnings per share for the current fiscal 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 dividend of $1.33 per share. The ex-dividend date of this dividend is Wednesday, October 18th. This represents a dividend yield of 1.97%. Accenture PLC’s dividend payout ratio is 48.90%.

In other Accenture PLC news, insider Gianfranco Casati sold 20,380 shares of Accenture PLC stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $142.72, for a total value of $2,908,633.60. Following the transaction, the insider now directly owns 51,014 shares of the company’s stock, valued at approximately $7,280,718.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Pierre Nanterme sold 38,589 shares of Accenture PLC stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $135.03, for a total value of $5,210,672.67. Following the completion of the transaction, the chief executive officer now directly owns 179,083 shares in the company, valued at $24,181,577.49. The disclosure for this sale can be found here. Over the last three months, insiders have sold 85,525 shares of company stock worth $11,763,497. 0.21% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the company. Vantage Financial Partners Ltd. Inc. bought a new stake in shares of Accenture PLC in the 2nd quarter worth approximately $533,000. Jacobi Capital Management LLC grew its position in shares of Accenture PLC by 104.8% in the 3rd quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock worth $100,000 after buying an additional 372 shares during the last quarter. TCI Wealth Advisors Inc. grew its position in shares of Accenture PLC by 23.4% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock worth $106,000 after buying an additional 162 shares during the last quarter. Bellwether Investment Group LLC grew its position in shares of Accenture PLC by 64.2% in the 1st quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock worth $110,000 after buying an additional 359 shares during the last quarter. Finally, Manchester Capital Management LLC grew its position in shares of Accenture PLC by 7.0% in the 2nd quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock worth $114,000 after buying an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 77.82% of the company’s stock.

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About Accenture PLC

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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