Accenture PLC (NYSE:ACN) – Research analysts at William Blair issued their Q1 2018 earnings per share (EPS) estimates for shares of Accenture PLC in a note issued to investors on Thursday. William Blair analyst A. Doradla anticipates that the information technology services provider will post earnings of $1.61 per share for the quarter. William Blair also issued estimates for Accenture PLC’s Q2 2018 earnings at $1.44 EPS, Q3 2018 earnings at $1.71 EPS, Q4 2018 earnings at $1.74 EPS, FY2018 earnings at $6.50 EPS, Q1 2019 earnings at $1.82 EPS, Q2 2019 earnings at $1.65 EPS, Q3 2019 earnings at $1.86 EPS and FY2019 earnings at $7.22 EPS.
Several other equities analysts have also recently issued reports on the company. Zacks Investment Research upgraded Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research report on Monday, August 28th. Cowen and Company boosted their price target on Accenture PLC from $131.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, June 28th. Stifel Nicolaus boosted their price target on Accenture PLC from $138.00 to $146.00 and gave the company a “buy” rating in a research report on Thursday, September 7th. BMO Capital Markets restated a “hold” rating and issued a $130.00 price target (up previously from $125.00) on shares of Accenture PLC in a research report on Thursday, June 22nd. Finally, Morgan Stanley set a $132.00 price target on Accenture PLC and gave the company a “hold” rating in a research report on Friday, June 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have issued 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 target price of $140.12.
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Shares of Accenture PLC (NYSE ACN) opened at 135.07 on Friday. The company’s 50-day moving average price is $130.89 and its 200 day moving average price is $124.97. Accenture PLC has a 12-month low of $109.50 and a 12-month high of $138.15. The firm has a market capitalization of $83.41 billion, a price-to-earnings ratio of 24.83 and a beta of 1.11.
Accenture PLC (NYSE:ACN) last posted its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.47 by $0.01. The firm had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.01 billion. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. Accenture PLC’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the company earned $1.31 earnings per share.
Hedge funds have recently bought and sold shares of the stock. Vantage Financial Partners Ltd. Inc. purchased a new stake in Accenture PLC in the 2nd quarter valued at approximately $533,000. TCI Wealth Advisors Inc. lifted its stake in Accenture PLC by 23.4% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock valued at $106,000 after buying an additional 162 shares in the last quarter. Bellwether Investment Group LLC lifted its stake in Accenture PLC by 64.2% in the 1st quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock valued at $110,000 after buying an additional 359 shares in the last quarter. Manchester Capital Management LLC lifted its stake in Accenture PLC by 7.0% in the 2nd quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock valued at $114,000 after buying an additional 60 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in Accenture PLC by 2.0% in the 1st quarter. Parkside Financial Bank & Trust now owns 978 shares of the information technology services provider’s stock valued at $117,000 after buying an additional 19 shares in the last quarter. 77.73% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Richard Lumb sold 2,200 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 119,942 shares of the company’s stock, valued at approximately $15,293,804.42. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Gianfranco Casati sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $130.00, for a total value of $650,000.00. Following the completion of the sale, the insider now directly owns 56,014 shares in the company, valued at approximately $7,281,820. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,582 shares of company stock worth $2,634,573. Insiders own 0.21% of the company’s stock.
The company also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, October 19th will be issued a $1.33 dividend. This represents a dividend yield of 1.97%. The ex-dividend date of this dividend is Wednesday, October 18th. Accenture PLC’s dividend payout ratio is currently 44.49%.
About Accenture PLC
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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