Accenture PLC (NYSE:ACN) had its target price raised by BMO Capital Markets from $130.00 to $140.00 in a research report sent to investors on Friday. BMO Capital Markets currently has a market perform rating on the information technology services provider’s stock.
A number of other brokerages also recently commented on ACN. Berenberg Bank restated a buy rating and set a $160.00 price objective on shares of Accenture PLC in a research report on Thursday, September 21st. Zacks Investment Research upgraded shares of Accenture PLC from a hold rating to a buy rating and set a $155.00 price objective for the company in a research report on Thursday, September 21st. KeyCorp restated a buy rating and set a $135.00 price objective on shares of Accenture PLC in a research report on Friday, September 22nd. Morgan Stanley upped their price objective on shares of Accenture PLC from $132.00 to $140.00 and gave the stock an equal weight rating in a research report on Friday, September 22nd. Finally, Robert W. Baird restated a neutral rating and set a $148.00 price objective (up previously from $142.00) on shares of Accenture PLC in a research report on Friday, September 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Accenture PLC currently has an average rating of Buy and an average price target of $138.41.
Accenture PLC (NYSE ACN) traded down 0.92% during mid-day trading on Friday, reaching $135.07. 3,311,992 shares of the company traded hands. The firm has a market capitalization of $83.41 billion, a price-to-earnings ratio of 24.83 and a beta of 1.11. The stock’s 50 day moving average price is $130.89 and its 200 day moving average price is $124.97. Accenture PLC has a 52 week low of $109.50 and a 52 week high of $138.15. Accenture PLC also saw unusually large options trading activity on Wednesday. Investors bought 8,998 put options on the company. This represents an increase of approximately 570% compared to the average daily volume of 1,342 put options.
Accenture PLC (NYSE:ACN) last announced its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.01. The company had revenue of $9.15 billion during the quarter, compared to the consensus estimate of $9.01 billion. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. Accenture PLC’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.31 EPS. Equities analysts forecast that Accenture PLC will post $6.54 EPS for the current year.
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The business also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th will be issued a $1.33 dividend. The ex-dividend date is Wednesday, October 18th. This represents a yield of 1.97%. Accenture PLC’s dividend payout ratio is presently 44.49%.
In other news, insider Julie Spellman Sweet sold 1,974 shares of the business’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $128.68, for a total transaction of $254,014.32. Following the completion of the transaction, the insider now owns 14,082 shares of the company’s stock, valued at approximately $1,812,071.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Richard Lumb sold 2,200 shares of the business’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $127.51, for a total value of $280,522.00. Following the transaction, the insider now directly owns 119,942 shares of the company’s stock, valued at approximately $15,293,804.42. The disclosure for this sale can be found here. Insiders sold a total of 20,582 shares of company stock valued at $2,634,573 over the last ninety days. Insiders own 0.21% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Intl Fcstone Inc. acquired a new position in shares of Accenture PLC during the 2nd quarter worth $1,876,000. Toronto Dominion Bank raised its holdings in shares of Accenture PLC by 25.0% during the 2nd quarter. Toronto Dominion Bank now owns 210,091 shares of the information technology services provider’s stock worth $25,979,000 after buying an additional 42,063 shares in the last quarter. Rikoon Group LLC acquired a new position in shares of Accenture PLC during the 2nd quarter worth $521,000. Cetera Investment Advisers raised its holdings in shares of Accenture PLC by 5.2% during the 2nd quarter. Cetera Investment Advisers now owns 4,558 shares of the information technology services provider’s stock worth $562,000 after buying an additional 226 shares in the last quarter. Finally, EP Wealth Advisors LLC raised its holdings in shares of Accenture PLC by 7.7% during the 2nd quarter. EP Wealth Advisors LLC now owns 80,600 shares of the information technology services provider’s stock worth $9,969,000 after buying an additional 5,763 shares in the last quarter. 77.73% of the stock is owned by institutional investors.
Accenture PLC Company Profile
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.
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