Accenture PLC (NYSE:ACN)‘s stock had its “hold” rating restated by Morgan Stanley in a report issued on Wednesday. They currently have a $120.00 price objective on the stock. Morgan Stanley’s price target points to a potential upside of 5.58% from the company’s current price.
Other equities research analysts also recently issued reports about the company. Zacks Investment Research downgraded Accenture PLC from a “hold” rating to a “sell” rating in a research note on Wednesday, September 14th. Wedbush began coverage on Accenture PLC in a research note on Thursday, September 8th. They set an “outperform” rating and a $125.00 price target for the company. Robert W. Baird reaffirmed a “neutral” rating and set a $125.00 price target on shares of Accenture PLC in a research note on Friday, September 16th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $132.00 price target on shares of Accenture PLC in a research note on Wednesday, September 7th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Accenture PLC in a research note on Tuesday, July 19th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $120.92.
Accenture PLC (NYSE:ACN) opened at 113.66 on Wednesday. The firm has a 50 day moving average price of $113.22 and a 200-day moving average price of $114.00. 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 $70.76 billion, a price-to-earnings ratio of 19.21 and a beta of 1.17.
Accenture PLC (NYSE:ACN) last announced its quarterly earnings data on Thursday, June 23rd. The company reported $1.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.41. The firm earned $8.43 billion during the quarter. Accenture PLC had a return on equity of 47.61% and a net margin of 11.24%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.30 earnings per share. On average, equities analysts forecast that Accenture PLC will post $5.33 EPS for the current year.
In other Accenture PLC news, COO Johan Deblaere sold 5,000 shares of Accenture PLC stock in a transaction on Monday, June 27th. The stock was sold at an average price of $109.88, for a total value of $549,400.00. Following the completion of the transaction, the chief operating officer now owns 134,650 shares in the company, valued at approximately $14,795,342. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Daniel T. London sold 3,686 shares of Accenture PLC stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $115.57, for a total value of $425,991.02. Following the completion of the transaction, the insider now owns 26,023 shares of the company’s stock, valued at approximately $3,007,478.11. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.
A number of 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 increased 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. Hedge funds and other 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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