Accenture Plc (ACN) Receives “Outperform” Rating from Evercore ISI
A number of other research analysts have also recently commented on ACN. BMO Capital Markets increased their target price on shares of Accenture Plc to $125.00 in a report on Friday, March 24th. Berenberg Bank reissued a buy rating and issued a $140.00 target price on shares of Accenture Plc in a report on Sunday, January 8th. Cantor Fitzgerald set a $139.00 target price on shares of Accenture Plc and gave the stock a buy rating in a report on Tuesday, December 13th. Deutsche Bank AG reissued a buy rating and issued a $127.00 target price (down previously from $131.00) on shares of Accenture Plc in a report on Friday, December 23rd. Finally, Stifel Nicolaus increased their target price on shares of Accenture Plc from $128.00 to $138.00 and gave the stock a buy rating in a report on Tuesday, March 21st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Accenture Plc currently has a consensus rating of Buy and a consensus target price of $128.08.
Shares of Accenture Plc (NYSE:ACN) traded up 0.02% during mid-day trading on Friday, reaching $119.23. 2,639,048 shares of the company were exchanged. Accenture Plc has a 12 month low of $108.66 and a 12 month high of $126.53. The firm’s 50-day moving average is $120.75 and its 200-day moving average is $118.84. The company has a market capitalization of $73.93 billion, a price-to-earnings ratio of 19.86 and a beta of 1.17.
Accenture Plc (NYSE:ACN) last announced its quarterly earnings data on Thursday, March 23rd. The information technology services provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.03. The firm had revenue of $8.32 billion for the quarter, compared to the consensus estimate of $8.34 billion. Accenture Plc had a net margin of 12.34% and a return on equity of 46.99%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.34 earnings per share. On average, equities analysts forecast that Accenture Plc will post $5.86 earnings per share for the current fiscal year.
The company also recently declared a semiannual dividend, which will be paid on Monday, May 15th. Shareholders of record on Thursday, April 13th will be issued a dividend of $1.21 per share. This is a positive change from Accenture Plc’s previous semiannual dividend of $1.02. The ex-dividend date is Tuesday, April 11th. This represents a yield of 2.03%. Accenture Plc’s dividend payout ratio (DPR) is presently 35.85%.
In other news, insider Richard Lumb sold 4,400 shares of the firm’s stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $120.00, for a total transaction of $528,000.00. Following the completion of the sale, the insider now owns 124,475 shares of the company’s stock, valued at approximately $14,937,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Daniel T. London sold 697 shares of the firm’s stock in a transaction that occurred on Thursday, April 6th. The stock was sold at an average price of $117.29, for a total transaction of $81,751.13. Following the sale, the insider now directly owns 27,179 shares of the company’s stock, valued at approximately $3,187,824.91. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,204 shares of company stock valued at $9,388,743. Company insiders own 0.21% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Elgethun Capital Management bought a new stake in shares of Accenture Plc during the fourth quarter valued at approximately $102,000. Farmers & Merchants Investments Inc. increased its stake in shares of Accenture Plc by 1.3% in the first quarter. Farmers & Merchants Investments Inc. now owns 865 shares of the information technology services provider’s stock valued at $104,000 after buying an additional 11 shares during the period. Howe & Rusling Inc. increased its stake in shares of Accenture Plc by 14.2% in the first quarter. Howe & Rusling Inc. now owns 908 shares of the information technology services provider’s stock valued at $109,000 after buying an additional 113 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Accenture Plc by 3.6% in the third quarter. Parkside Financial Bank & Trust now owns 945 shares of the information technology services provider’s stock valued at $115,000 after buying an additional 33 shares during the period. Finally, Independent Advisor Alliance bought a new stake in shares of Accenture Plc during the fourth quarter valued at approximately $116,000. 77.38% of the stock is owned by institutional investors.
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.
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