Accenture PLC (ACN) Price Target Increased to $130.00 by Analysts at Pacific Crest
A number of other equities analysts have also commented on ACN. Deutsche Bank AG reissued a buy rating on shares of Accenture PLC in a research note on Sunday, June 26th. Royal Bank Of Canada restated a buy rating on shares of Accenture PLC in a research report on Sunday, June 26th. Credit Suisse Group AG set a $124.00 price objective on Accenture PLC and gave the company a hold rating in a research report on Saturday. Susquehanna restated a positive rating and set a $130.00 price objective on shares of Accenture PLC in a research report on Wednesday, June 22nd. Finally, BMO Capital Markets restated a hold rating on shares of Accenture PLC in a research report on Thursday, June 30th. Ten research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Accenture PLC has a consensus rating of Buy and an average price target of $124.75.
Shares of Accenture PLC (NYSE:ACN) opened at 120.86 on Monday. Accenture PLC has a 12 month low of $91.40 and a 12 month high of $124.96. The company has a market capitalization of $75.24 billion, a price-to-earnings ratio of 18.74 and a beta of 1.24. The stock has a 50 day moving average price of $114.07 and a 200-day moving average price of $114.76.
Accenture PLC (NYSE:ACN) last announced its quarterly earnings results on Thursday, September 29th. The company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.01. Accenture PLC had a return on equity of 47.07% and a net margin of 12.00%. The company earned $8.49 billion during the quarter. During the same period in the previous year, the company posted $1.15 earnings per share. Accenture PLC’s quarterly revenue was up 7.6% on a year-over-year basis. Analysts expect that Accenture PLC will post $5.93 earnings per share for the current fiscal year.
In related news, insider Daniel T. London sold 3,686 shares of the firm’s stock in a transaction on Wednesday, July 20th. The stock was 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 in the company, valued at approximately $3,007,478.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Chad T. Jerdee sold 4,000 shares of the firm’s stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $113.35, for a total value of $453,400.00. Following the completion of the transaction, the general counsel now owns 28,755 shares of the company’s stock, valued at approximately $3,259,379.25. The disclosure for this sale can be found here. 0.17% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the company. Cribstone Capital Management LLC purchased 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, Joel Isaacson & Co. LLC raised its position in shares of Accenture PLC by 18.0% in the second quarter. Joel Isaacson & Co. LLC now owns 1,215 shares of the company’s stock worth $138,000 after buying an additional 185 shares during the period. 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.
Receive News & Stock Ratings for Accenture PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture PLC and related stocks with our FREE daily email newsletter.