Accenture PLC (NYSE:ACN)‘s stock had its “buy” rating reiterated by stock analysts at KeyCorp in a research note issued on Sunday, October 29th. They currently have a $149.00 price objective on the information technology services provider’s stock. KeyCorp’s target price would indicate a potential upside of 2.79% from the company’s current price.
A number of other equities analysts also recently weighed in on ACN. Cowen and Company set a $150.00 price target on shares of Accenture PLC and gave the stock a “buy” rating in a research note on Monday, October 23rd. Stifel Nicolaus reissued a “buy” rating and issued a $150.00 target price on shares of Accenture PLC in a research note on Sunday, October 1st. Barclays PLC raised their target price on shares of Accenture PLC from $124.00 to $135.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 27th. Zacks Investment Research raised shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research note on Wednesday, September 6th. Finally, Morgan Stanley raised their target price on shares of Accenture PLC from $132.00 to $140.00 and gave the company an “equal weight” rating in a research note on Friday, September 22nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Accenture PLC has an average rating of “Buy” and an average target price of $142.89.
Accenture PLC (ACN) opened at $144.96 on Friday. Accenture PLC has a 1 year low of $112.31 and a 1 year high of $145.50. The firm has a market cap of $94,981.16, a PE ratio of 24.35, a price-to-earnings-growth ratio of 2.13 and a beta of 1.08.
Accenture PLC (NYSE:ACN) last released its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.47 by $0.01. The business had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.01 billion. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.31 earnings per share. research analysts forecast that Accenture PLC will post 6.54 EPS for the current fiscal year.
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In other Accenture PLC news, insider Richard P. Clark sold 3,155 shares of Accenture PLC stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $143.01, for a total value of $451,196.55. Following the completion of the sale, the insider now directly owns 5,533 shares in the company, valued at $791,274.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel T. London sold 637 shares of Accenture PLC stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $136.03, for a total transaction of $86,651.11. The disclosure for this sale can be found here. Over the last three months, insiders sold 83,325 shares of company stock worth $11,479,125. 0.21% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. Eagle Ridge Investment Management acquired a new position in Accenture PLC during the 3rd quarter valued at $359,000. Canada Pension Plan Investment Board raised its stake in Accenture PLC by 18.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 473,257 shares of the information technology services provider’s stock valued at $58,532,000 after purchasing an additional 75,100 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in Accenture PLC by 4.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,087,814 shares of the information technology services provider’s stock valued at $258,221,000 after purchasing an additional 97,760 shares during the last quarter. Retirement Systems of Alabama raised its stake in Accenture PLC by 0.3% during the 2nd quarter. Retirement Systems of Alabama now owns 340,128 shares of the information technology services provider’s stock valued at $42,067,000 after purchasing an additional 916 shares during the last quarter. Finally, Koch Industries Inc. raised its stake in Accenture PLC by 18,227.9% during the 2nd quarter. Koch Industries Inc. now owns 329,903 shares of the information technology services provider’s stock valued at $327,000 after purchasing an additional 328,103 shares during the last quarter. Hedge funds and other institutional investors own 77.73% of the company’s stock.
About Accenture PLC
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.
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