Accenture PLC (NYSE:ACN) – Research analysts at KeyCorp issued their Q1 2018 earnings estimates for shares of Accenture PLC in a research report issued on Sunday. KeyCorp analyst A. Ramnani anticipates that the information technology services provider will earn $1.63 per share for the quarter. KeyCorp has a “Buy” rating and a $135.00 price objective on the stock. KeyCorp also issued estimates for Accenture PLC’s Q2 2018 earnings at $1.42 EPS, Q3 2018 earnings at $1.70 EPS and Q4 2018 earnings at $1.60 EPS.
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A number of other research analysts have also recently commented on ACN. Zacks Investment Research lowered shares of Accenture PLC from a “hold” rating to a “sell” rating in a report on Tuesday, May 30th. Robert W. Baird reaffirmed a “neutral” rating and set a $138.00 price objective (up previously from $132.00) on shares of Accenture PLC in a report on Wednesday, June 14th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $138.00 price objective (up previously from $131.50) on shares of Accenture PLC in a report on Friday, June 16th. Morgan Stanley set a $132.00 price objective on shares of Accenture PLC and gave the stock a “hold” rating in a report on Friday, June 16th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $130.00 price objective (up previously from $125.00) on shares of Accenture PLC in a report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $135.07.
Accenture PLC (NYSE ACN) traded down 0.01% during trading on Tuesday, reaching $136.83. The company had a trading volume of 1,226,923 shares. Accenture PLC has a 12 month low of $109.50 and a 12 month high of $138.15. The company has a market capitalization of $84.56 billion, a P/E ratio of 24.23 and a beta of 1.11. The firm’s 50 day moving average is $130.89 and its 200-day moving average is $124.97.
A number of institutional investors and hedge funds have recently made changes to their positions in ACN. TCI Wealth Advisors Inc. boosted its holdings 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 purchasing an additional 162 shares during the period. Bellwether Investment Group LLC boosted its holdings 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 purchasing an additional 359 shares during the period. Manchester Capital Management LLC boosted its holdings 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 purchasing an additional 60 shares during the period. Parkside Financial Bank & Trust boosted its holdings 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 purchasing an additional 19 shares during the period. Finally, Opera Trading Capital bought a new stake in Accenture PLC in the 1st quarter valued at about $119,000. Institutional investors and hedge funds own 77.73% of the company’s stock.
In other news, insider Julie Spellman Sweet sold 1,974 shares of the business’s stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $128.68, for a total transaction of $254,014.32. Following the transaction, the insider now directly owns 14,082 shares in the company, valued at approximately $1,812,071.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard Lumb sold 2,200 shares of the business’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $127.51, for a total transaction of $280,522.00. Following the transaction, the insider now owns 119,942 shares in the company, valued at $15,293,804.42. The disclosure for this sale can be found here. Insiders have sold a total of 20,582 shares of company stock worth $2,634,573 over the last 90 days. 0.21% of the stock is owned by company insiders.
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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