A number of other equities analysts have also weighed in on the company. Zacks Investment Research lowered Accenture PLC from a hold rating to a sell rating in a research report on Wednesday, September 14th. Citigroup Inc. upped their target price on Accenture PLC from $115.50 to $116.00 and gave the stock a neutral rating in a research report on Wednesday, September 28th. JPMorgan Chase & Co. reaffirmed a buy rating on shares of Accenture PLC in a research report on Tuesday, July 19th. Morgan Stanley reaffirmed a hold rating and set a $120.00 target price on shares of Accenture PLC in a research report on Wednesday, September 21st. Finally, Argus reaffirmed a buy rating and set a $138.00 target price (up from $128.00) on shares of Accenture PLC in a research report on Sunday. Ten equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $124.75.
Accenture PLC (NYSE:ACN) opened at 120.86 on Monday. Accenture PLC has a 52-week low of $91.40 and a 52-week high of $124.96. The firm’s 50-day moving average is $114.07 and its 200-day moving average is $114.76. The company has a market capitalization of $75.24 billion, a PE ratio of 18.74 and a beta of 1.24.
Accenture PLC (NYSE:ACN) last issued its earnings results on Thursday, September 29th. The company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.01. Accenture PLC had a return on equity of 47.07% and a net margin of 12.00%. The company had revenue of $8.49 billion for the quarter. During the same period in the previous year, the company earned $1.15 earnings per share. Accenture PLC’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities research analysts forecast that Accenture PLC will post $5.93 EPS for the current year.
In related news, insider Richard P. Clark sold 876 shares of the firm’s stock in a transaction dated Thursday, July 21st. The stock was sold at an average price of $113.43, for a total transaction of $99,364.68. Following the transaction, the insider now directly owns 16,396 shares of the company’s stock, valued at approximately $1,859,798.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Richard Lumb sold 1,250 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $113.12, for a total value of $141,400.00. Following the transaction, the insider now directly owns 125,647 shares in the company, valued at $14,213,188.64. The disclosure for this sale can be found here. 0.17% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Accenture PLC by 1.3% in the second quarter. Vanguard Group Inc. now owns 42,881,280 shares of the company’s stock worth $4,858,020,000 after buying an additional 538,675 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Accenture PLC by 1.1% in the first quarter. Wellington Management Group LLP now owns 27,433,103 shares of the company’s stock worth $3,165,780,000 after buying an additional 292,081 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Accenture PLC by 4.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 16,972,840 shares of the company’s stock worth $1,922,853,000 after buying an additional 784,025 shares in the last quarter. FMR LLC boosted its position in shares of Accenture PLC by 39.4% in the second quarter. FMR LLC now owns 12,730,924 shares of the company’s stock worth $1,442,286,000 after buying an additional 3,595,128 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its position in shares of Accenture PLC by 4.2% in the second quarter. BlackRock Fund Advisors now owns 9,680,131 shares of the company’s stock worth $1,096,662,000 after buying an additional 391,383 shares in the last quarter. 77.18% of the stock is currently owned by institutional investors.
About Accenture PLC
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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