Accenture PLC (ACN) Downgraded by UBS AG
UBS AG downgraded shares of Accenture PLC (NYSE:ACN) from a positive rating to a neutral rating in a research report released on Tuesday morning, The Fly reports.
Several other equities research analysts have also commented on the stock. SunTrust Banks, Inc. set a $130.00 target price on shares of Accenture PLC and gave the stock a hold rating in a research report on Sunday, October 1st. Stifel Nicolaus restated a buy rating and set a $150.00 target price on shares of Accenture PLC in a research report on Sunday, October 1st. BMO Capital Markets boosted their target price on shares of Accenture PLC from $130.00 to $140.00 and gave the stock a market perform rating in a research report on Friday, September 29th. KeyCorp restated a buy rating and set a $149.00 target price on shares of Accenture PLC in a research report on Thursday, September 28th. Finally, Wells Fargo & Company boosted their target price on shares of Accenture PLC from $147.00 to $150.00 and gave the stock an outperform rating in a research report on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $141.84.
Accenture PLC (NYSE:ACN) opened at 136.22 on Tuesday. The firm’s 50-day moving average is $133.29 and its 200 day moving average is $126.01. The stock has a market capitalization of $84.12 billion, a P/E ratio of 25.03 and a beta of 1.08. Accenture PLC has a 12-month low of $112.31 and a 12-month high of $138.70.
Accenture PLC (NYSE:ACN) last issued its 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. The company had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.01 billion. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.31 EPS. Equities analysts expect that Accenture PLC will post $6.55 EPS for the current year.
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The firm also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, October 19th will be given a $1.33 dividend. The ex-dividend date of this dividend is Wednesday, October 18th. This represents a dividend yield of 1.97%. Accenture PLC’s dividend payout ratio is presently 44.49%.
In other Accenture PLC news, insider Ellyn Shook sold 4,400 shares of the company’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $125.00, for a total value of $550,000.00. Following the transaction, the insider now directly owns 37,344 shares in the company, valued at approximately $4,668,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Pierre Nanterme sold 38,589 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $135.03, for a total transaction of $5,210,672.67. Following the completion of the transaction, the chief executive officer now owns 179,083 shares in the company, valued at $24,181,577.49. The disclosure for this sale can be found here. Insiders sold a total of 70,073 shares of company stock worth $9,317,545 over the last quarter. Insiders own 0.21% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in ACN. BlackRock Inc. lifted its holdings in Accenture PLC by 2,139.5% in the 1st quarter. BlackRock Inc. now owns 39,462,967 shares of the information technology services provider’s stock valued at $4,730,821,000 after purchasing an additional 37,700,871 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Accenture PLC by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 47,379,397 shares of the information technology services provider’s stock valued at $5,679,843,000 after purchasing an additional 2,749,896 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Accenture PLC by 2,531.4% in the 2nd quarter. Janus Henderson Group PLC now owns 2,520,680 shares of the information technology services provider’s stock valued at $311,760,000 after purchasing an additional 2,424,888 shares in the last quarter. BT Investment Management Ltd purchased a new position in Accenture PLC in the 2nd quarter valued at about $220,158,000. Finally, Wellington Management Group LLP lifted its holdings in Accenture PLC by 8.8% in the 1st quarter. Wellington Management Group LLP now owns 21,583,126 shares of the information technology services provider’s stock valued at $2,587,385,000 after purchasing an additional 1,738,262 shares in 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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