Accenture (NYSE:ACN) had its target price increased by investment analysts at Bank of America from $150.00 to $171.00 in a note issued to investors on Friday. Bank of America’s price objective would suggest a potential upside of 10.89% from the stock’s current price.
A number of other research analysts have also weighed in on the company. SunTrust Banks restated a “hold” rating and issued a $164.00 target price on shares of Accenture in a report on Thursday. Cowen restated a “buy” rating and issued a $165.00 target price on shares of Accenture in a report on Thursday, December 14th. Deutsche Bank raised their target price on Accenture to $165.00 in a report on Monday, December 11th. Robert W. Baird restated a “hold” rating and issued a $155.00 target price on shares of Accenture in a report on Thursday, December 7th. Finally, Zacks Investment Research upgraded Accenture from a “hold” rating to a “buy” rating and set a $165.00 target price on the stock in a report on Tuesday, November 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $148.81.
Shares of Accenture (NYSE ACN) opened at $154.20 on Friday. Accenture has a one year low of $112.31 and a one year high of $158.44. The company has a market capitalization of $100,148.63, a P/E ratio of 25.68, a price-to-earnings-growth ratio of 2.24 and a beta of 1.08.
In other news, CFO David Rowland sold 3,702 shares of Accenture stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $135.04, for a total value of $499,918.08. Following the completion of the transaction, the chief financial officer now directly owns 9,864 shares in the company, valued at $1,332,034.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Daniel T. London sold 637 shares of Accenture stock in a transaction on Friday, October 6th. The shares were 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. Over the last 90 days, insiders sold 83,325 shares of company stock worth $11,479,125. Corporate insiders own 0.21% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in ACN. Jacobi Capital Management LLC grew 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 worth $100,000 after buying an additional 372 shares in the last quarter. TCI Wealth Advisors Inc. grew 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 worth $106,000 after buying an additional 162 shares in the last quarter. Manchester Capital Management LLC grew 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 worth $114,000 after buying an additional 60 shares in the last quarter. Parkside Financial Bank & Trust grew its position in Accenture by 5.3% during the second quarter. Parkside Financial Bank & Trust now owns 1,030 shares of the information technology services provider’s stock worth $127,000 after buying an additional 52 shares in the last quarter. Finally, Captrust Financial Advisors bought a new stake in Accenture during the second quarter worth about $129,000. Institutional investors own 72.39% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Accenture (ACN) Price Target Increased to $171.00 by Analysts at Bank of America” was posted by Community Financial News and is the property of of Community Financial News. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.com-unik.info/2017/12/22/accenture-acn-price-target-increased-to-171-00-by-analysts-at-bank-of-america.html.
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.
Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.