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

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

ACN has been the topic of several other reports. KeyCorp increased their target price on Accenture from $157.00 to $172.00 and gave the stock an overweight rating in a research report on Saturday, December 30th. SunTrust Banks reaffirmed a hold rating and issued a $164.00 target price on shares of Accenture in a research report on Thursday, December 21st. Barclays increased their target price on Accenture from $135.00 to $152.00 and gave the stock an equal weight rating in a research report on Friday, December 22nd. Cowen reaffirmed a buy rating and issued a $166.00 target price on shares of Accenture in a research report on Friday, December 22nd. Finally, Susquehanna Bancshares reaffirmed a hold rating and issued a $145.00 target price on shares of Accenture in a research report on Tuesday, December 26th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $159.91.

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Accenture stock opened at $147.35 on Thursday. Accenture has a one year low of $114.82 and a one year high of $165.58. The stock has a market capitalization of $93,608.22, a price-to-earnings ratio of 25.90, a P/E/G ratio of 2.21 and a beta of 1.01.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, March 22nd. The information technology services provider reported $1.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.09. Accenture had a return on equity of 41.50% and a net margin of 9.18%. The firm had revenue of $9.59 billion for the quarter, compared to analysts’ expectations of $9.31 billion. During the same period last year, the business posted $1.33 earnings per share. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. sell-side analysts forecast that Accenture will post 6.68 EPS for the current fiscal year.

In related news, CEO Pierre Nanterme sold 34,232 shares of Accenture stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $152.94, for a total transaction of $5,235,442.08. Following the transaction, the chief executive officer now directly owns 262,490 shares of the company’s stock, valued at $40,145,220.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Richard Lumb sold 2,000 shares of Accenture stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $155.34, for a total value of $310,680.00. Following the transaction, the insider now directly owns 121,041 shares in the company, valued at $18,802,508.94. 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. Corporate insiders own 0.21% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN grew its holdings in Accenture by 54.1% during the fourth quarter. Wells Fargo & Company MN now owns 6,977,987 shares of the information technology services provider’s stock worth $1,068,260,000 after acquiring an additional 2,450,772 shares during the period. WCM Investment Management CA grew its holdings in Accenture by 5.9% during the fourth quarter. WCM Investment Management CA now owns 5,280,182 shares of the information technology services provider’s stock worth $808,343,000 after acquiring an additional 291,858 shares during the period. Polen Capital Management LLC grew its holdings in Accenture by 1.4% during the fourth quarter. Polen Capital Management LLC now owns 4,940,069 shares of the information technology services provider’s stock worth $756,275,000 after acquiring an additional 67,052 shares during the period. Franklin Resources Inc. grew its holdings in Accenture by 2.9% during the fourth quarter. Franklin Resources Inc. now owns 4,919,754 shares of the information technology services provider’s stock worth $753,166,000 after acquiring an additional 137,044 shares during the period. Finally, Capital International Investors grew its holdings in Accenture by 89.1% during the third quarter. Capital International Investors now owns 4,670,977 shares of the information technology services provider’s stock worth $630,909,000 after acquiring an additional 2,200,243 shares during the period. 75.57% of the stock is currently owned by hedge funds and other institutional investors.

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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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