Accenture PLC (NYSE: ACN) recently received a number of ratings updates from brokerages and research firms:

  • 9/6/2017 – Accenture PLC was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $145.00 price target on the stock. According to Zacks, “Accenture offers management consultancy, technology and outsourcing services. Shares of the company have outperformed the industry over the past year. We are positive about Accenture’s latest product additions in the analytics application space, given the increasing demand for digital solutions. Moreover, Accenture’s strategy of growing through partnerships like Apple and acquisitions like VERAX are encouraging. The strategies have enabled Accenture to enter new markets, diversify and broaden its product portfolio, and maintain its leading position. Nonetheless, Accenture’s recent announcement of creating 15K new jobs by 2020 and investment plan of $1.4 billion for employee training and opening of 10 innovation centers across the U.S. cities may dent its bottom-line results in our opinion. Furthermore, increasing competition from peers and an uncertain macroeconomic environment may deter its growth to some extent.”
  • 9/5/2017 – Accenture PLC was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Accenture offers management consultancy, technology and outsourcing services. Shares of the company have outperformed the industry over the past year. We are positive about Accenture’s latest product additions in the analytics application space, given the increasing demand for digital solutions. Moreover, Accenture’s strategy of growing through partnerships like Apple and acquisitions like VERAX are encouraging. The strategies have enabled Accenture to enter new markets, diversify and broaden its product portfolio, and maintain its leading position. Nonetheless, Accenture’s recent announcement of creating 15K new jobs by 2020 and investment plan of $1.4 billion for employee training and opening of 10 innovation centers across the U.S. cities may dent its bottom-line results in our opinion. Furthermore, increasing competition from peers and an uncertain macroeconomic environment may deter its growth to some extent.”
  • 8/30/2017 – Accenture PLC was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Accenture is one of world’s leading providers of management consultancy, technology and outsourcing services. We are positive about Accenture’s latest product additions in the analytics application space, given the increasing demand for digital solutions. Moreover, Accenture’s strategy of growing through acquisitions encouraging. The acquisitions have enabled Accenture to enter new markets, diversify and broaden its product portfolio, and maintain its leading position. Notably, shares of the company outperformed the industry over the past year. Nonetheless, Accenture’s recent announcement of creating 15K new jobs by 2020 and investment plan of $1.4 billion for employee training and opening of 10 innovation centers across the U.S. cities may dent its bottom-line results in our opinion. Furthermore, increasing competition from peers and an uncertain macroeconomic environment may deter its growth to some extent.”
  • 8/28/2017 – Accenture PLC was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $145.00 price target on the stock. According to Zacks, “Accenture is one of world’s leading providers of management consultancy, technology and outsourcing services. We are positive about Accenture’s latest product additions in the analytics application space, given the increasing demand for digital solutions. Moreover, Accenture’s strategy of growing through acquisitions is encouraging. The acquisitions have enabled Accenture to enter new markets, diversify and broaden its product portfolio, and maintain its leading position. Notably, shares of the company outperformed the broader market over the past year. Nonetheless, Accenture’s recent announcement of creating 15K new jobs by 2020 and investment plan of $1.4 billion for employee training and opening of 10 innovation centers across the U.S. cities may dent its bottom-line results in our opinion. Furthermore, increasing competition from peers and an uncertain macroeconomic environment may deter its growth to some extent.”
  • 7/28/2017 – Accenture PLC had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $135.00 price target on the stock.
  • 7/28/2017 – Accenture PLC was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

Shares of Accenture PLC (NYSE:ACN) traded up 1.16% during midday trading on Wednesday, reaching $131.27. The company’s stock had a trading volume of 890,372 shares. Accenture PLC has a 12-month low of $108.83 and a 12-month high of $131.28. The company’s 50-day moving average price is $129.01 and its 200 day moving average price is $124.11. The company has a market capitalization of $81.12 billion, a P/E ratio of 23.25 and a beta of 1.11.

Accenture PLC (NYSE:ACN) last released its quarterly earnings data on Thursday, June 22nd. The information technology services provider reported $1.52 earnings per share for the quarter, hitting the consensus estimate of $1.52. Accenture PLC had a return on equity of 43.96% and a net margin of 9.92%. The business had revenue of $8.87 billion during the quarter, compared to analysts’ expectations of $8.82 billion. During the same quarter last year, the business posted $1.41 EPS. The business’s revenue was up 5.1% on a year-over-year basis. On average, equities research analysts forecast that Accenture PLC will post $5.90 earnings per share for the current year.

In other Accenture PLC news, CEO Pierre Nanterme sold 40,134 shares of the stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $123.02, for a total value of $4,937,284.68. Following the completion of the sale, the chief executive officer now owns 222,362 shares in the company, valued at approximately $27,354,973.24. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO David Rowland sold 4,065 shares of the stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $123.00, for a total value of $499,995.00. Following the completion of the sale, the chief financial officer now owns 14,066 shares of the company’s stock, valued at approximately $1,730,118. The disclosure for this sale can be found here. In the last quarter, insiders sold 79,817 shares of company stock valued at $9,920,929. Company insiders own 0.21% of the company’s stock.

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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