Accenture PLC (NYSE:ACN) – Analysts at Credit Agricole SA lifted their Q1 2017 earnings per share (EPS) estimates for Accenture PLC in a note issued to investors on Thursday. Credit Agricole SA analyst L. Miscioscia now expects that the brokerage will earn $1.45 per share for the quarter, up from their prior forecast of $1.43. Credit Agricole SA has a “Outperform” rating and a $135.00 price objective on the stock. Credit Agricole SA also issued estimates for Accenture PLC’s Q2 2017 earnings at $1.36 EPS, Q3 2017 earnings at $1.55 EPS, FY2017 earnings at $5.88 EPS and FY2018 earnings at $6.36 EPS.
Several other equities research analysts have also issued reports on the stock. Credit Suisse Group AG set a $124.00 target price on shares of Accenture PLC and gave the stock a “hold” rating in a report on Saturday. BMO Capital Markets restated a “market perform” rating and issued a $125.00 price target (up from $118.00) on shares of Accenture PLC in a research note on Sunday. Argus restated a “buy” rating and issued a $138.00 price target (up from $128.00) on shares of Accenture PLC in a research note on Sunday. Citigroup Inc. restated a “hold” rating and issued a $120.00 price target on shares of Accenture PLC in a research note on Friday. Finally, Barclays PLC upped their price target on Accenture PLC from $112.00 to $128.00 and gave the stock an “equal weight” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $123.45.
Accenture PLC (NYSE:ACN) opened at 122.17 on Monday. The stock has a market capitalization of $76.06 billion, a P/E ratio of 20.65 and a beta of 1.24. 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.
Accenture PLC (NYSE:ACN) last issued its earnings results on Thursday, September 29th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.30 by $0.01. Accenture PLC had a net margin of 12.00% and a return on equity of 47.07%. The company had revenue of $8.49 billion for the quarter. During the same period in the previous year, the firm earned $1.15 earnings per share. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year.
Several institutional investors have recently made changes to their positions in ACN. Willingdon Wealth Management purchased a new position in shares of Accenture PLC during the first quarter valued at approximately $658,000. Rehmann Capital Advisory Group raised its position in shares of Accenture PLC by 21.0% in the first quarter. Rehmann Capital Advisory Group now owns 4,672 shares of the company’s stock valued at $539,000 after buying an additional 812 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Accenture PLC by 39.5% in the first quarter. Prudential Financial Inc. now owns 1,621,545 shares of the company’s stock valued at $187,125,000 after buying an additional 459,510 shares in the last quarter. Stratos Wealth Partners LTD. raised its position in shares of Accenture PLC by 7.4% in the first quarter. Stratos Wealth Partners LTD. now owns 5,080 shares of the company’s stock valued at $586,000 after buying an additional 352 shares in the last quarter. Finally, Ngam Advisors L.P. raised its position in shares of Accenture PLC by 98.0% in the first quarter. Ngam Advisors L.P. now owns 427,894 shares of the company’s stock valued at $49,379,000 after buying an additional 211,768 shares in the last quarter. Hedge funds and other institutional investors own 77.18% of the company’s stock.
In other Accenture PLC news, insider Richard P. Clark sold 876 shares of the stock in a transaction 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 sale, the insider now owns 16,396 shares in the company, valued at $1,859,798.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Richard Lumb sold 1,250 shares of the stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $113.12, for a total value of $141,400.00. Following the completion of the sale, the insider now owns 125,647 shares in the company, valued at approximately $14,213,188.64. The disclosure for this sale can be found here. 0.17% of the stock is owned by company insiders.
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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