Accenture Plc (NYSE:ACN)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Cantor Fitzgerald in a report released on Tuesday.
A number of other brokerages have also recently weighed in on ACN. Wedbush reaffirmed a “top pick” rating and issued a $135.00 price objective on shares of Accenture Plc in a research note on Monday. Zacks Investment Research raised Accenture Plc from a “sell” rating to a “hold” rating in a research note on Tuesday, March 14th. Barclays PLC lowered their target price on Accenture Plc from $128.00 to $124.00 and set an “equal weight” rating for the company in a research note on Thursday, December 22nd. Credit Suisse Group AG set a $124.00 target price on Accenture Plc and gave the stock a “hold” rating in a research note on Sunday, December 25th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $127.00 target price (down from $131.00) on shares of Accenture Plc in a research note on Friday, December 23rd. Eleven investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Accenture Plc currently has an average rating of “Buy” and an average price target of $126.71.
Shares of Accenture Plc (NYSE:ACN) opened at 124.39 on Tuesday. Accenture Plc has a 1-year low of $107.14 and a 1-year high of $125.72. The stock has a market capitalization of $77.45 billion, a PE ratio of 18.41 and a beta of 1.17. The firm has a 50-day moving average price of $120.41 and a 200-day moving average price of $117.98.
Accenture Plc (NYSE:ACN) last issued its quarterly earnings data on Wednesday, December 21st. The company reported $1.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.09. Accenture Plc had a return on equity of 46.99% and a net margin of 12.34%. The business earned $8.50 billion during the quarter, compared to analysts’ expectations of $8.59 billion. During the same period in the previous year, the firm posted $1.28 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. On average, equities research analysts forecast that Accenture Plc will post $5.87 earnings per share for the current year.
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In other news, insider Daniel T. London sold 4,437 shares of the business’s stock in a transaction dated Friday, January 6th. The stock was sold at an average price of $115.87, for a total value of $514,115.19. Following the completion of the sale, the insider now directly owns 30,580 shares of the company’s stock, valued at approximately $3,543,304.60. 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 4,400 shares of the business’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $120.00, for a total value of $528,000.00. Following the completion of the sale, the insider now directly owns 124,475 shares of the company’s stock, valued at $14,937,000. The disclosure for this sale can be found here. Insiders sold a total of 19,386 shares of company stock valued at $2,283,155 over the last three months. Company insiders own 0.21% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. Elgethun Capital Management purchased a new stake in Accenture Plc during the fourth quarter valued at $102,000. Parkside Financial Bank & Trust increased its stake in Accenture Plc by 3.6% in the third quarter. Parkside Financial Bank & Trust now owns 945 shares of the company’s stock valued at $115,000 after buying an additional 33 shares during the last quarter. Independent Advisor Alliance purchased a new stake in Accenture Plc during the fourth quarter valued at $116,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in Accenture Plc by 11,613.0% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 124,158 shares of the company’s stock valued at $124,000 after buying an additional 123,098 shares during the last quarter. Finally, Pacad Investment Ltd. purchased a new stake in Accenture Plc during the fourth quarter valued at $141,000. 77.38% of the stock is owned by institutional investors and hedge funds.
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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