Other analysts also recently issued reports about the stock. Cantor Fitzgerald reiterated a buy rating and issued a $126.00 price objective on shares of Accenture PLC in a research report on Monday, June 20th. Zacks Investment Research upgraded shares of Accenture PLC from a hold rating to a buy rating and set a $127.00 price target on the stock in a research report on Tuesday, July 5th. Royal Bank Of Canada restated a buy rating on shares of Accenture PLC in a research report on Sunday, June 26th. Deutsche Bank AG restated a buy rating on shares of Accenture PLC in a research report on Sunday, June 26th. Finally, JPMorgan Chase & Co. restated a buy rating on shares of Accenture PLC in a research report on Tuesday, July 19th. Ten investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $125.32.
Shares of Accenture PLC (NYSE:ACN) traded up 0.04% during trading on Thursday, hitting $118.16. 834,257 shares of the company traded hands. Accenture PLC has a one year low of $91.40 and a one year high of $124.96. The firm has a 50 day moving average price of $115.00 and a 200-day moving average price of $115.12. The stock has a market cap of $73.56 billion, a price-to-earnings ratio of 18.32 and a beta of 1.25.
Accenture PLC (NYSE:ACN) last issued its quarterly earnings data on Thursday, September 29th. The company reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.01. The firm had revenue of $8.49 billion for the quarter. Accenture PLC had a net margin of 12.00% and a return on equity of 47.07%. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.15 earnings per share. Analysts predict that Accenture PLC will post $5.93 EPS for the current year.
In other news, CEO Pierre Nanterme sold 44,625 shares of the business’s stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of $118.04, for a total value of $5,267,535.00. Following the completion of the sale, the chief executive officer now directly owns 162,615 shares in the company, valued at $19,195,074.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Richard P. Clark sold 876 shares of the business’s stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $113.43, for a total transaction of $99,364.68. Following the completion of the sale, the insider now owns 16,396 shares of the company’s stock, valued at $1,859,798.28. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of ACN. Cribstone Capital Management LLC bought a new position in shares of Accenture PLC during the second quarter worth about $104,000. Exane Derivatives raised its position in shares of Accenture PLC by 92.0% in the second quarter. Exane Derivatives now owns 954 shares of the company’s stock worth $108,000 after buying an additional 457 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in shares of Accenture PLC by 1,091.0% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,060 shares of the company’s stock worth $120,000 after buying an additional 971 shares during the period. Tanaka Capital Management Inc. raised its position in shares of Accenture PLC by 314.8% in the second quarter. Tanaka Capital Management Inc. now owns 1,120 shares of the company’s stock worth $127,000 after buying an additional 850 shares during the period. Finally, City Holding Co. raised its position in shares of Accenture PLC by 8.4% in the second quarter. City Holding Co. now owns 1,221 shares of the company’s stock worth $138,000 after buying an additional 95 shares during the period. Institutional investors and hedge funds 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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