Accenture PLC (ACN) PT Set at $130.00 by SunTrust Banks, Inc.
Accenture PLC (NYSE:ACN) has been given a $130.00 price target by stock analysts at SunTrust Banks, Inc. in a report released on Sunday. The firm currently has a “hold” rating on the information technology services provider’s stock. SunTrust Banks, Inc.’s price objective would suggest a potential downside of 3.75% from the company’s previous close.
ACN has been the subject of a number of other reports. Berenberg Bank set a $140.00 target price on shares of Accenture PLC and gave the company a “buy” rating in a report on Saturday, June 24th. Cowen and Company restated a “buy” rating and issued a $135.00 price target on shares of Accenture PLC in a research report on Friday, July 28th. Societe Generale downgraded Accenture PLC from a “buy” rating to a “hold” rating and set a $144.00 price objective for the company. in a research note on Thursday. Royal Bank Of Canada lifted their target price on Accenture PLC from $145.00 to $148.00 and gave the company an “outperform” rating in a research note on Friday. Finally, KeyCorp reiterated a “buy” rating and issued a $135.00 target price on shares of Accenture PLC in a research note on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $140.12.
Shares of Accenture PLC (NYSE ACN) traded up 0.03% during trading on Friday, hitting $135.11. 1,920,179 shares of the company traded hands. The stock has a market capitalization of $83.43 billion, a PE ratio of 24.83 and a beta of 1.08. The company has a 50-day moving average of $130.89 and a 200-day moving average of $124.97. Accenture PLC has a 52-week low of $109.50 and a 52-week high of $138.15.
Accenture PLC (NYSE:ACN) last released its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, topping the 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 company had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.01 billion. During the same quarter in the previous year, the company posted $1.31 earnings per share. The firm’s revenue was up 7.8% compared to the same quarter last year. Equities analysts expect that Accenture PLC will post $6.54 EPS for the current year.
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In other news, insider Gianfranco Casati sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $130.00, for a total transaction of $650,000.00. Following the completion of the transaction, the insider now directly owns 56,014 shares in the company, valued at approximately $7,281,820. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Richard Lumb sold 2,200 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 119,013 shares of the company’s stock, valued at $15,383,620.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,582 shares of company stock worth $2,634,573. Corporate insiders own 0.21% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in ACN. 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. AT Bancorp boosted its stake in Accenture PLC by 23.8% in the first quarter. AT Bancorp now owns 12,244 shares of the information technology services provider’s stock valued at $1,468,000 after acquiring an additional 2,355 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Accenture PLC by 4.7% during the first quarter. Bank of New York Mellon Corp now owns 13,907,609 shares of the information technology services provider’s stock valued at $1,667,243,000 after purchasing an additional 625,381 shares during the last quarter. Family Firm Inc. grew its holdings in shares of Accenture PLC by 3.1% during the first quarter. Family Firm Inc. now owns 1,872 shares of the information technology services provider’s stock valued at $224,000 after purchasing an additional 56 shares during the last quarter. Finally, Novare Capital Management LLC grew 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 valued at $4,741,000 after purchasing an additional 2,950 shares during the last quarter. 77.73% 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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