Accenture PLC (NYSE:ACN) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Accenture PLC (NYSE:ACN) have received a consensus rating of “Buy” from the twenty-eight analysts that are presently covering the stock. Ten research analysts have rated the stock with a hold recommendation, seventeen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $126.33.
Several equities analysts have recently commented on ACN shares. Cantor Fitzgerald increased their target price on Accenture PLC from $132.00 to $139.00 and gave the company a “buy” rating in a research note on Monday. Barclays PLC increased their target price on Accenture PLC from $110.00 to $112.00 and gave the company an “equal weight” rating in a research note on Thursday, July 7th. BMO Capital Markets reiterated a “hold” rating on shares of Accenture PLC in a research note on Thursday, June 30th. JPMorgan Chase & Co. restated a “buy” rating on shares of Accenture PLC in a research note on Tuesday, July 19th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $112.00 price objective (up from $104.00) on shares of Accenture PLC in a research note on Wednesday, June 22nd.
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 completion of the sale, the insider now directly owns 26,023 shares in the company, valued at approximately $3,007,478.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard P. Clark sold 876 shares of the firm’s stock in a transaction dated Thursday, July 21st. The stock was sold at an average price of $113.43, for a total value of $99,364.68. Following the sale, the insider now owns 16,396 shares of the company’s stock, valued at $1,859,798.28. The disclosure for this sale can be found here. Company insiders own 0.17% of the company’s stock.
A number of large investors have recently made changes to their positions in the company. LVM Capital Management Ltd. MI raised its stake in shares of Accenture PLC by 147.4% in the third quarter. LVM Capital Management Ltd. MI now owns 4,700 shares of the company’s stock worth $380,000 after buying an additional 2,800 shares during the last quarter. Carnick & Kubik Group LLC acquired a new stake in shares of Accenture PLC during the second quarter worth approximately $346,000. Williams Jones & Associates LLC raised its stake 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 worth $37,247,000 after buying an additional 1,059 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Accenture PLC during the second quarter worth approximately $2,853,000. Finally, Kentucky Retirement Systems acquired a new stake in shares of Accenture PLC during the second quarter worth approximately $6,010,000. Hedge funds and other institutional investors own 77.18% of the company’s stock.
Shares of Accenture PLC (NYSE:ACN) traded down 1.35% during trading on Tuesday, reaching $119.23. 1,547,887 shares of the company’s stock traded hands. The company has a market capitalization of $74.23 billion, a price-to-earnings ratio of 18.49 and a beta of 1.24. Accenture PLC has a 1-year low of $91.40 and a 1-year high of $124.96. The company has a 50 day moving average of $114.07 and a 200-day moving average of $114.76.
Accenture PLC (NYSE:ACN) last released its earnings results on Thursday, September 29th. The company reported $1.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.01. The company earned $8.49 billion during the quarter. Accenture PLC had a return on equity of 47.07% and a net margin of 12.00%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.15 earnings per share. Equities analysts predict that Accenture PLC will post $5.93 earnings per share for the current year.
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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