Accenture PLC (NYSE:ACN) had its target price raised by research analysts at Stifel Nicolaus from $138.00 to $146.00 in a research report issued on Thursday. The firm currently has a “buy” rating on the information technology services provider’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 11.35% from the company’s previous close.

ACN has been the subject of several other research reports. BidaskClub lowered shares of Accenture PLC from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Morgan Stanley set a $132.00 price target on shares of Accenture PLC and gave the stock a “hold” rating in a research report on Friday, June 16th. Robert W. Baird reaffirmed a “neutral” rating and set a $138.00 price target (up previously from $132.00) on shares of Accenture PLC in a research report on Wednesday, June 14th. Cowen and Company upped their price target on shares of Accenture PLC from $131.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 28th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $135.00 price target on shares of Accenture PLC in a research report on Monday, May 29th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Accenture PLC currently has an average rating of “Buy” and an average price target of $131.53.

Shares of Accenture PLC (ACN) opened at 131.12 on Thursday. Accenture PLC has a 1-year low of $108.83 and a 1-year high of $131.38. The stock has a 50 day moving average of $129.12 and a 200 day moving average of $124.16. The stock has a market cap of $81.03 billion, a PE ratio of 23.22 and a beta of 1.11.

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

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In related news, COO Johan Deblaere sold 5,000 shares of the company’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $122.99, for a total value of $614,950.00. Following the sale, the chief operating officer now directly owns 126,417 shares of the company’s stock, valued at $15,548,026.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard Lumb sold 2,200 shares of the company’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $127.51, for a total transaction of $280,522.00. Following the completion of the sale, the insider now directly owns 119,942 shares in the company, valued at $15,293,804.42. The disclosure for this sale can be found here. Insiders sold 79,817 shares of company stock worth $9,920,929 over the last ninety days. 0.21% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the business. Waldron LP raised its holdings in shares of Accenture PLC by 93.3% during the first quarter. Waldron LP now owns 5,709 shares of the information technology services provider’s stock worth $684,000 after purchasing an additional 2,756 shares during the period. William Blair Investment Management LLC raised its holdings in shares of Accenture PLC by 8.8% during the first quarter. William Blair Investment Management LLC now owns 641,952 shares of the information technology services provider’s stock worth $76,957,000 after purchasing an additional 51,674 shares during the period. Novare Capital Management LLC raised its holdings in shares of Accenture PLC by 8.1% during the first quarter. Novare Capital Management LLC now owns 39,548 shares of the information technology services provider’s stock worth $4,741,000 after purchasing an additional 2,950 shares during the period. British Columbia Investment Management Corp raised its holdings in shares of Accenture PLC by 9.0% during the first quarter. British Columbia Investment Management Corp now owns 606,894 shares of the information technology services provider’s stock worth $72,754,000 after purchasing an additional 50,302 shares during the period. Finally, World Asset Management Inc raised its holdings in shares of Accenture PLC by 19.3% during the first quarter. World Asset Management Inc now owns 69,931 shares of the information technology services provider’s stock worth $8,383,000 after purchasing an additional 11,322 shares during the period. 77.80% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Accenture PLC (NYSE:ACN)

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