Accenture PLC (ACN) Downgraded by Societe Generale
Societe Generale downgraded shares of Accenture PLC (NYSE:ACN) from a buy rating to a hold rating in a report published on Thursday, Marketbeat Ratings reports. They currently have $144.00 price target on the information technology services provider’s stock.
Several other brokerages also recently issued reports on ACN. Stifel Nicolaus increased their price objective on shares of Accenture PLC from $138.00 to $146.00 and gave the company a buy rating in a research report on Thursday, September 7th. Zacks Investment Research raised shares of Accenture PLC from a hold rating to a buy rating and set a $151.00 price objective for the company in a research report on Thursday, September 14th. BidaskClub downgraded 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 objective on shares of Accenture PLC and gave the company a hold rating in a research report on Friday, June 16th. Finally, KeyCorp reaffirmed a buy rating and issued a $135.00 price objective on shares of Accenture PLC in a research report on Friday, September 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and an average target price of $140.12.
Accenture PLC (ACN) opened at 135.07 on Thursday. The firm’s 50-day moving average is $130.89 and its 200 day moving average is $124.97. Accenture PLC has a 12-month low of $109.50 and a 12-month high of $138.15. The firm has a market cap of $83.41 billion, a PE ratio of 24.83 and a beta of 1.11.
Accenture PLC (NYSE:ACN) last issued its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.01. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. The company had revenue of $9.15 billion during the quarter, compared to the consensus estimate of $9.01 billion. During the same quarter last year, the company earned $1.31 earnings per share. Accenture PLC’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities research analysts predict that Accenture PLC will post $6.54 EPS for the current year.
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The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th will be paid a $1.33 dividend. This represents a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, October 18th. Accenture PLC’s payout ratio is 44.49%.
In other Accenture PLC news, insider Gianfranco Casati sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $130.00, for a total value of $650,000.00. Following the sale, the insider now directly owns 56,014 shares in the company, valued at $7,281,820. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard Lumb sold 2,200 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $129.26, for a total value of $284,372.00. Following the completion of the sale, the insider now owns 119,013 shares in the company, valued at $15,383,620.38. The disclosure for this sale can be found here. Insiders sold 20,582 shares of company stock worth $2,634,573 over the last quarter. 0.21% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of the business. Intl Fcstone Inc. bought a new stake in Accenture PLC in the second quarter valued at $1,876,000. Toronto Dominion Bank lifted its stake in Accenture PLC by 25.0% in the second quarter. Toronto Dominion Bank now owns 210,091 shares of the information technology services provider’s stock valued at $25,979,000 after buying an additional 42,063 shares during the last quarter. Rikoon Group LLC bought a new stake in Accenture PLC in the second quarter valued at $521,000. Cetera Investment Advisers lifted its stake in Accenture PLC by 5.2% in the second quarter. Cetera Investment Advisers now owns 4,558 shares of the information technology services provider’s stock valued at $562,000 after buying an additional 226 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its stake in Accenture PLC by 7.7% in the second quarter. EP Wealth Advisors LLC now owns 80,600 shares of the information technology services provider’s stock valued at $9,969,000 after buying an additional 5,763 shares during the last quarter. Institutional investors own 77.73% of the company’s stock.
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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