Accenture Plc (ACN) Earns “Outperform” Rating from Cowen and Company

Accenture Plc (NYSE:ACN)‘s stock had its “outperform” rating reaffirmed by Cowen and Company in a research report issued on Monday. They presently have a $131.00 price target on the stock. Cowen and Company’s price target would suggest a potential upside of 10.10% from the company’s current price.

A number of other equities analysts have also recently issued reports on ACN. Cantor Fitzgerald set a $135.00 target price on Accenture Plc and gave the stock a “buy” rating in a report on Sunday, December 25th. Credit Suisse Group AG set a $124.00 target price on Accenture Plc and gave the stock a “hold” rating in a report on Sunday, December 25th. BMO Capital Markets raised their target price on Accenture Plc to $125.00 in a report on Friday. Evercore ISI restated an “outperform” rating on shares of Accenture Plc in a report on Saturday. Finally, Stifel Nicolaus raised their target price on Accenture Plc from $128.00 to $138.00 and gave the stock a “buy” rating in a report on Tuesday, March 21st. Ten investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $127.99.

Analyst Recommendations for Accenture Plc (NYSE:ACN)

Shares of Accenture Plc (NYSE:ACN) opened at 118.98 on Monday. The company has a market cap of $74.08 billion, a PE ratio of 17.61 and a beta of 1.17. The company has a 50 day moving average price of $121.68 and a 200 day moving average price of $118.24. Accenture Plc has a 52 week low of $108.66 and a 52 week high of $126.53.

Accenture Plc (NYSE:ACN) last issued its earnings results on Thursday, March 23rd. The company reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.03. Accenture Plc had a return on equity of 46.99% and a net margin of 12.34%. The firm had revenue of $8.32 billion for the quarter, compared to analysts’ expectations of $8.34 billion. During the same quarter last year, the business earned $1.34 earnings per share. The company’s revenue was up 4.7% compared to the same quarter last year. On average, equities analysts expect that Accenture Plc will post $5.87 earnings per share for the current year.

The company also recently announced a semiannual dividend, which will be paid on Monday, May 15th. Investors of record on Thursday, April 13th will be given a $1.21 dividend. This represents a yield of 2.03%. The ex-dividend date is Tuesday, April 11th. This is a positive change from Accenture Plc’s previous semiannual dividend of $1.02. Accenture Plc’s dividend payout ratio (DPR) is currently 35.85%.

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In other Accenture Plc news, insider Richard Lumb sold 4,400 shares of the firm’s stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $120.00, for a total value of $528,000.00. Following the completion of the transaction, the insider now directly owns 124,475 shares in the company, valued at $14,937,000. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel T. London sold 4,437 shares of the firm’s stock in a transaction that occurred on Friday, January 6th. The shares were sold at an average price of $115.87, for a total value of $514,115.19. Following the completion of the transaction, the insider now owns 30,580 shares of the company’s stock, valued at $3,543,304.60. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of ACN. Norges Bank bought a new position in Accenture Plc during the fourth quarter worth $649,544,000. WFG Advisors LP increased its position in Accenture Plc by 2,417.3% in the fourth quarter. WFG Advisors LP now owns 47,477 shares of the company’s stock worth $1,664,000 after buying an additional 45,591 shares in the last quarter. Almanack Investment Partners LLC. bought a new position in Accenture Plc during the fourth quarter worth $207,000. DSC Advisors L.P. bought a new position in Accenture Plc during the fourth quarter worth $538,000. Finally, Westwood Holdings Group Inc. increased its position in Accenture Plc by 52.0% in the fourth quarter. Westwood Holdings Group Inc. now owns 54,519 shares of the company’s stock worth $6,386,000 after buying an additional 18,654 shares in the last quarter. Hedge funds and other institutional investors own 77.38% of the company’s stock.

Accenture Plc Company Profile

Accenture plc is a professional services company serving clients in various industries and in geographic regions, including North America, Europe and Growth Markets. The Company provides management and technology consulting services. Its segments include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources.

5 Day Chart for NYSE:ACN

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