Accenture PLC (NYSE:ACN)‘s stock had its “market perform” rating restated by analysts at BMO Capital Markets in a report issued on Sunday. They presently have a $125.00 target price on the stock, up from their previous target price of $118.00. BMO Capital Markets’ target price would indicate a potential upside of 2.32% from the company’s previous close.
Other equities analysts have also issued research reports about the company. Zacks Investment Research lowered Accenture PLC from a “hold” rating to a “sell” rating in a research note on Wednesday, September 14th. Cantor Fitzgerald reissued a “buy” rating on shares of Accenture PLC in a research note on Monday, July 18th. Citigroup Inc. boosted their price objective on Accenture PLC from $115.50 to $116.00 and gave the stock a “neutral” rating in a research note on Wednesday. JPMorgan Chase & Co. reissued a “buy” rating on shares of Accenture PLC in a research note on Tuesday, July 19th. Finally, Morgan Stanley reissued a “hold” rating and issued a $120.00 price objective on shares of Accenture PLC in a research note on Wednesday, September 21st. One analyst has rated the stock with a sell rating, ten have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $123.29.
Shares of Accenture PLC (NYSE:ACN) traded up 0.44% during trading on Friday, reaching $122.17. The company had a trading volume of 4,815,794 shares. The company has a 50 day moving average of $113.85 and a 200-day moving average of $114.57. Accenture PLC has a 52-week low of $91.40 and a 52-week high of $124.96. The firm has a market capitalization of $76.06 billion, a P/E ratio of 20.65 and a beta of 1.17.
Accenture PLC (NYSE:ACN) last announced its quarterly earnings results on Thursday, September 29th. The company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.01. Accenture PLC had a return on equity of 47.07% and a net margin of 12.00%. The firm had revenue of $8.49 billion for the quarter. During the same quarter last year, the company earned $1.15 earnings per share. The business’s revenue was up 7.6% on a year-over-year basis. Equities analysts expect that Accenture PLC will post $5.93 earnings per share for the current year.
In other Accenture PLC news, insider Richard P. Clark sold 876 shares of the firm’s stock in a transaction that occurred on Thursday, July 21st. The stock was sold at an average price of $113.43, for a total value of $99,364.68. Following the completion of the transaction, the insider now directly owns 16,396 shares in the company, valued at $1,859,798.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Richard Lumb sold 1,250 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $113.12, for a total value of $141,400.00. Following the completion of the transaction, the insider now owns 125,647 shares of the company’s stock, valued at $14,213,188.64. The disclosure for this sale can be found here. 0.17% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Willingdon Wealth Management acquired a new stake in Accenture PLC during the first quarter worth about $658,000. Rehmann Capital Advisory Group boosted its stake in Accenture PLC by 21.0% in the first quarter. Rehmann Capital Advisory Group now owns 4,672 shares of the company’s stock worth $539,000 after buying an additional 812 shares during the last quarter. Prudential Financial Inc. boosted its stake in Accenture PLC by 39.5% in the first quarter. Prudential Financial Inc. now owns 1,621,545 shares of the company’s stock worth $187,125,000 after buying an additional 459,510 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in Accenture PLC by 7.4% in the first quarter. Stratos Wealth Partners LTD. now owns 5,080 shares of the company’s stock worth $586,000 after buying an additional 352 shares during the last quarter. Finally, Ngam Advisors L.P. boosted its stake in Accenture PLC by 98.0% in the first quarter. Ngam Advisors L.P. now owns 427,894 shares of the company’s stock worth $49,379,000 after buying an additional 211,768 shares during the last quarter. Hedge funds and other institutional investors own 77.18% of the company’s stock.
Accenture PLC Company Profile
Accenture plc is engaged in providing management consulting, technology and outsourcing services. The Company’s business is structured around five operating groups, which together consists of 19 industry groups serving clients in industries globally. The Company’s segment includes Communications, Media & Technology, Financial Services, Health & Public Service, Products and Resources.
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