ACN has been the topic of a number of other reports. Cantor Fitzgerald reiterated a buy rating and issued a $126.00 price target on shares of Accenture PLC in a research report on Monday, June 20th. Cowen and Company upped their price target on Accenture PLC from $118.00 to $130.00 and gave the company an outperform rating in a research report on Tuesday, May 31st. Credit Suisse Group AG cut Accenture PLC from an outperform rating to a neutral rating and lowered their price target for the company from $120.94 to $120.00 in a research report on Friday, June 24th. Pacific Crest began coverage on Accenture PLC in a research report on Tuesday, July 12th. They issued an overweight rating and a $129.00 price target on the stock. Finally, Deutsche Bank AG reiterated a buy rating on shares of Accenture PLC in a research report on Sunday, June 26th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $120.54.
Accenture PLC (NYSE:ACN) opened at 110.70 on Friday. Accenture PLC has a 12-month low of $91.40 and a 12-month high of $120.78. The firm has a market capitalization of $68.92 billion, a price-to-earnings ratio of 18.71 and a beta of 1.17. The company’s 50-day moving average price is $113.25 and its 200-day moving average price is $114.02.
Accenture PLC (NYSE:ACN) last announced its quarterly earnings results on Thursday, June 23rd. The company reported $1.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.41. Accenture PLC had a return on equity of 47.61% and a net margin of 11.24%. The firm had revenue of $8.43 billion for the quarter. During the same quarter last year, the company earned $1.30 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis. Equities analysts expect that Accenture PLC will post $5.33 EPS for the current fiscal year.
In other news, insider Daniel T. London sold 3,686 shares of Accenture PLC stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $115.57, for a total value of $425,991.02. Following the transaction, the insider now owns 26,023 shares in the company, valued at approximately $3,007,478.11. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Richard Lumb sold 1,250 shares of Accenture PLC stock in a transaction on Monday, June 27th. The shares were sold at an average price of $109.88, for a total value of $137,350.00. Following the completion of the transaction, the insider now owns 129,013 shares in the company, valued at approximately $14,175,948.44. The disclosure for this sale can be found here. Company insiders own 0.17% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Carnick & Kubik Group LLC acquired a new position in shares of Accenture PLC during the second quarter valued at about $346,000. Williams Jones & Associates LLC raised its position in shares of Accenture PLC by 0.3% in the second quarter. Williams Jones & Associates LLC now owns 328,774 shares of the company’s stock valued at $37,247,000 after buying an additional 1,059 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Accenture PLC during the second quarter valued at about $2,853,000. Kentucky Retirement Systems acquired a new position in shares of Accenture PLC during the second quarter valued at about $6,010,000. Finally, Mason Street Advisors LLC acquired a new position in shares of Accenture PLC during the second quarter valued at about $9,519,000. Institutional investors own 77.18% of the company’s stock.
Accenture PLC Company Profile
Accenture plc is engaged in providing management consulting, technology and outsourcing services. The Company’s business is structured around five operating groups, which together consists of 19 industry groups serving clients in industries globally. The Company’s segment includes Communications, Media & Technology, Financial Services, Health & Public Service, Products and Resources.
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