Pivotal Research Analysts Give Accenture (ACN) a $180.00 Price Target

Pivotal Research set a $180.00 price target on Accenture (NYSE:ACN) in a research note published on Thursday morning. The firm currently has a buy rating on the information technology services provider’s stock.

ACN has been the subject of a number of other research reports. Cowen set a $150.00 price objective on Accenture and gave the company a buy rating in a research report on Monday, October 23rd. Stifel Nicolaus reiterated a buy rating and set a $150.00 price objective on shares of Accenture in a research report on Sunday, October 1st. Barclays increased their price objective on Accenture from $124.00 to $135.00 and gave the company an equal weight rating in a research report on Wednesday, September 27th. Susquehanna Bancshares reiterated a hold rating and set a $145.00 price objective on shares of Accenture in a research report on Tuesday, December 26th. Finally, Zacks Investment Research upgraded Accenture from a hold rating to a buy rating and set a $145.00 price objective for the company in a research report on Wednesday, September 6th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $153.40.

Shares of Accenture (ACN) opened at $153.09 on Thursday. Accenture has a 52-week low of $112.31 and a 52-week high of $158.44. The company has a market capitalization of $101,032.97, a price-to-earnings ratio of 25.01, a PEG ratio of 2.31 and a beta of 1.08.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, December 21st. The information technology services provider reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.12. Accenture had a return on equity of 41.79% and a net margin of 9.43%. The company had revenue of $9.52 billion during the quarter, compared to the consensus estimate of $9.25 billion. During the same quarter in the prior year, the firm earned $1.58 EPS. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. research analysts expect that Accenture will post 6.64 earnings per share for the current year.

In other Accenture news, CFO David Rowland sold 3,702 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $135.04, for a total transaction of $499,918.08. Following the sale, the chief financial officer now directly owns 9,864 shares of the company’s stock, valued at approximately $1,332,034.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Richard Lumb sold 2,200 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $135.06, for a total transaction of $297,132.00. Following the sale, the insider now directly owns 118,085 shares in the company, valued at $15,948,560.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 122,557 shares of company stock worth $17,479,167. Company insiders own 0.21% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Atlantic Trust Group LLC increased its stake in shares of Accenture by 14.8% in the third quarter. Atlantic Trust Group LLC now owns 179,256 shares of the information technology services provider’s stock worth $24,213,000 after acquiring an additional 23,141 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Accenture by 9.4% in the third quarter. Parametric Portfolio Associates LLC now owns 1,466,760 shares of the information technology services provider’s stock worth $198,115,000 after acquiring an additional 125,739 shares during the last quarter. Chicago Partners Investment Group LLC increased its stake in shares of Accenture by 1,074.2% in the third quarter. Chicago Partners Investment Group LLC now owns 11,084 shares of the information technology services provider’s stock worth $1,497,000 after acquiring an additional 10,140 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Accenture in the third quarter worth $1,560,000. Finally, Americafirst Capital Management LLC acquired a new position in shares of Accenture in the third quarter worth $187,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

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About Accenture

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.

Analyst Recommendations for Accenture (NYSE:ACN)

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