Accenture PLC (ACN) Stock Rating Reaffirmed by Stifel Nicolaus
Accenture PLC (NYSE:ACN)‘s stock had its “buy” rating restated by equities researchers at Stifel Nicolaus in a research note issued on Sunday. They presently have a $150.00 price target on the information technology services provider’s stock. Stifel Nicolaus’ price objective points to a potential upside of 11.05% from the stock’s previous close.
Other equities analysts have also issued reports about the company. Berenberg Bank set a $140.00 price objective on Accenture PLC and gave the company a “buy” rating in a research report on Saturday, June 24th. Cowen and Company reiterated a “buy” rating and issued a $135.00 price objective on shares of Accenture PLC in a research report on Friday, July 28th. Societe Generale lowered Accenture PLC from a “buy” rating to a “hold” rating and set a $144.00 price objective for the company. in a research report on Thursday. Royal Bank Of Canada boosted their price objective on Accenture PLC from $145.00 to $148.00 and gave the company an “outperform” rating in a research report on Friday. Finally, KeyCorp reiterated a “buy” rating and issued a $135.00 price objective on shares of Accenture PLC in a research report on Friday, September 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $140.12.
Shares of Accenture PLC (NYSE ACN) opened at 135.07 on Friday. The firm has a market capitalization of $83.41 billion, a PE ratio of 24.83 and a beta of 1.11. The company’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.
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 return on equity of 42.65% and a net margin of 9.37%. The business had revenue of $9.15 billion during the quarter, compared to analyst estimates of $9.01 billion. During the same period in the previous year, the firm earned $1.31 EPS. Accenture PLC’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, analysts forecast that Accenture PLC will post $6.54 earnings per share for the current year.
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In related news, insider Julie Spellman Sweet sold 1,974 shares of the stock in a transaction on Friday, July 21st. The stock was sold at an average price of $128.68, for a total value of $254,014.32. Following the sale, the insider now owns 14,082 shares in the company, valued at approximately $1,812,071.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Richard Lumb sold 2,200 shares of the stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $127.51, for a total value of $280,522.00. Following the completion of the sale, the insider now owns 119,942 shares in the company, valued at approximately $15,293,804.42. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,582 shares of company stock worth $2,634,573. Company insiders own 0.21% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Vantage Financial Partners Ltd. Inc. bought a new stake in Accenture PLC in the 2nd quarter valued at $533,000. TCI Wealth Advisors Inc. raised its stake in Accenture PLC by 23.4% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock valued at $106,000 after acquiring an additional 162 shares during the period. Bellwether Investment Group LLC raised its stake in Accenture PLC by 64.2% in the 1st quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock valued at $110,000 after acquiring an additional 359 shares during the period. Manchester Capital Management LLC raised its stake in Accenture PLC by 7.0% in the 2nd quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock valued at $114,000 after acquiring an additional 60 shares during the period. Finally, Parkside Financial Bank & Trust raised its stake in Accenture PLC by 2.0% in the 1st quarter. Parkside Financial Bank & Trust now owns 978 shares of the information technology services provider’s stock valued at $117,000 after acquiring an additional 19 shares during the period. Institutional investors and hedge funds own 77.73% of the company’s stock.
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.
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