Accenture PLC (NYSE:ACN)‘s stock had its “buy” rating restated by investment analysts at Argus in a research report issued on Sunday. They currently have a $138.00 price objective on the stock, up from their prior price objective of $128.00. Argus’ price target suggests a potential upside of 12.96% from the stock’s previous close.
ACN has been the topic of a number of other reports. Zacks Investment Research cut Accenture PLC from a “hold” rating to a “sell” rating in a research report on Wednesday, September 14th. Wedbush initiated coverage on Accenture PLC in a research report on Thursday, September 8th. They set an “outperform” rating and a $125.00 price target on the stock. Robert W. Baird restated a “neutral” rating and issued a $125.00 target price on shares of Accenture PLC in a research report on Friday, September 16th. Societe Generale upgraded Accenture PLC from a “hold” rating to a “buy” rating in a research report on Monday, September 26th. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $132.00 target price on shares of Accenture PLC in a research report on Wednesday, September 7th. One analyst has rated the stock with a sell rating, ten have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $123.02.
Shares of Accenture PLC (NYSE:ACN) opened at 122.17 on Friday. The stock has a market capitalization of $76.06 billion, a P/E ratio of 20.65 and a beta of 1.17. 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 price is $113.85 and its 200-day moving average price is $114.57.
Accenture PLC (NYSE:ACN) last announced its quarterly 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. The business had revenue of $8.49 billion for the quarter. Accenture PLC had a return on equity of 47.07% and a net margin of 12.00%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 earnings per share. Equities analysts forecast that Accenture PLC will post $5.93 earnings per share for the current fiscal year.
In other Accenture PLC news, insider Daniel T. London sold 3,686 shares of the firm’s stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $115.57, for a total transaction of $425,991.02. Following the transaction, the insider now directly owns 26,023 shares in the company, valued at $3,007,478.11. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Chad T. Jerdee sold 4,000 shares of the firm’s stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $113.35, for a total value of $453,400.00. Following the transaction, the general counsel now owns 28,755 shares in the company, valued at $3,259,379.25. The disclosure for this sale can be found here. Company insiders own 0.17% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. FMR LLC raised its position in Accenture PLC by 39.4% in the second quarter. FMR LLC now owns 12,730,924 shares of the company’s stock valued at $1,442,286,000 after buying an additional 3,595,128 shares during the period. WCM Investment Management CA bought a new position in Accenture PLC during the second quarter valued at $223,849,000. Emerald Acquisition Ltd. bought a new position in Accenture PLC during the second quarter valued at $175,381,000. Janus Capital Management LLC raised its position in Accenture PLC by 59.8% in the second quarter. Janus Capital Management LLC now owns 3,670,692 shares of the company’s stock valued at $415,853,000 after buying an additional 1,373,714 shares during the period. Finally, Bank of Montreal Can bought a new position in Accenture PLC during the second quarter valued at $116,516,000. Institutional investors own 77.18% of the company’s stock.
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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