Accenture (ACN) Given “Outperform” Rating at William Blair

William Blair reaffirmed their outperform rating on shares of Accenture (NYSE:ACN) in a research report sent to investors on Thursday morning.

A number of other research firms have also recently commented on ACN. Robert W. Baird reissued a hold rating and set a $155.00 target price on shares of Accenture in a research report on Thursday, December 7th. Pivotal Research set a $180.00 price target on shares of Accenture and gave the company a buy rating in a report on Wednesday, January 3rd. Wedbush reaffirmed an outperform rating and issued a $180.00 price target (up from $165.00) on shares of Accenture in a report on Tuesday, March 20th. Zacks Investment Research raised shares of Accenture from a hold rating to a buy rating and set a $172.00 price target on the stock in a report on Wednesday, December 27th. Finally, Bank of America upped their price target on shares of Accenture from $150.00 to $171.00 in a report on Friday, December 22nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. Accenture has a consensus rating of Hold and a consensus target price of $159.91.

How to Become a New Pot Stock Millionaire

Accenture stock opened at $147.35 on Thursday. Accenture has a 12-month low of $114.82 and a 12-month high of $165.58. The company has a market cap of $93,608.22, a price-to-earnings ratio of 25.90, a PEG ratio of 2.21 and a beta of 1.01.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, March 22nd. The information technology services provider reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.09. Accenture had a net margin of 9.18% and a return on equity of 41.50%. The business had revenue of $9.59 billion for the quarter, compared to analysts’ expectations of $9.31 billion. During the same period in the previous year, the company posted $1.33 earnings per share. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. research analysts anticipate that Accenture will post 6.68 EPS for the current fiscal year.

In other Accenture news, insider Gianfranco Casati sold 5,000 shares of the stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $152.92, for a total transaction of $764,600.00. Following the sale, the insider now directly owns 46,202 shares of the company’s stock, valued at $7,065,209.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Johan Deblaere sold 55,000 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $154.24, for a total transaction of $8,483,200.00. Following the sale, the chief operating officer now directly owns 112,208 shares in the company, valued at $17,306,961.92. The disclosure for this sale can be found here. Insiders have sold 117,249 shares of company stock worth $18,106,228 over the last three months. 0.21% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of the business. Foster & Motley Inc. raised its holdings in shares of Accenture by 0.8% during the fourth quarter. Foster & Motley Inc. now owns 39,904 shares of the information technology services provider’s stock worth $6,109,000 after purchasing an additional 318 shares during the period. Park Avenue Securities LLC grew its position in shares of Accenture by 11.2% during the fourth quarter. Park Avenue Securities LLC now owns 3,251 shares of the information technology services provider’s stock worth $500,000 after acquiring an additional 327 shares during the last quarter. Monroe Bank & Trust MI grew its position in shares of Accenture by 27.8% during the third quarter. Monroe Bank & Trust MI now owns 1,646 shares of the information technology services provider’s stock worth $193,000 after acquiring an additional 358 shares during the last quarter. Capital Analysts LLC grew its position in shares of Accenture by 4.9% during the fourth quarter. Capital Analysts LLC now owns 7,937 shares of the information technology services provider’s stock worth $1,215,000 after acquiring an additional 368 shares during the last quarter. Finally, Coldstream Capital Management Inc. grew its position in shares of Accenture by 1.7% during the third quarter. Coldstream Capital Management Inc. now owns 22,734 shares of the information technology services provider’s stock worth $3,070,000 after acquiring an additional 378 shares during the last quarter. 75.57% of the stock is currently owned by institutional investors.

WARNING: This report was originally posted by Ticker Report and is owned by of Ticker Report. If you are reading this report on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The original version of this report can be viewed at https://www.tickerreport.com/banking-finance/3300750/accenture-acn-given-outperform-rating-at-william-blair.html.

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)

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.

Latest News

Am?rica M?vil  Receives Daily News Sentiment Rating of -0.01
Am?rica M?vil Receives Daily News Sentiment Rating of -0.01
UNCoin  Market Cap Reaches $0.00
UNCoin Market Cap Reaches $0.00
$1.52 EPS Expected for Texas Capital Bancshares, Inc.  This Quarter
$1.52 EPS Expected for Texas Capital Bancshares, Inc. This Quarter
I/O Coin Trading 0.3% Higher  This Week
I/O Coin Trading 0.3% Higher This Week
Head-To-Head Contrast: PennantPark Floating Rate  versus Safeguard Scientifics
Head-To-Head Contrast: PennantPark Floating Rate versus Safeguard Scientifics
$0.55 EPS Expected for American Water  This Quarter
$0.55 EPS Expected for American Water This Quarter


© 2006-2018 Ticker Report. Google+.