Pivotal Research reaffirmed their buy rating on shares of Accenture (NYSE:ACN) in a research report sent to investors on Wednesday. Pivotal Research currently has a $180.00 price target on the information technology services provider’s stock.

“We attended the RPA (robotic process automation) NYC conference last year, what are your thoughts on RPA and Automation for a YY comparison? Automation is here to stay. Didn’t think it was ‘emerging’ last year as it has been around for many years, but yes it has gained steam and last was an inflection point.”,” the firm’s analyst commented.

A number of other brokerages have also recently commented on ACN. Citigroup reiterated a hold rating and issued a $159.00 target price on shares of Accenture in a research report on Friday, December 22nd. SunTrust Banks reiterated a hold rating and issued a $164.00 target price on shares of Accenture in a research report on Thursday, December 21st. Bank of America lifted their target price on shares of Accenture from $150.00 to $171.00 in a research report on Friday, December 22nd. Cantor Fitzgerald reiterated an overweight rating and issued a $180.00 target price (up previously from $151.00) on shares of Accenture in a research report on Friday, December 22nd. Finally, Barclays lifted their target price on shares of Accenture from $135.00 to $152.00 and gave the stock an equal weight rating in a research report on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company. Accenture currently has a consensus rating of Hold and a consensus price target of $156.57.

Shares of Accenture (NYSE ACN) traded up $1.00 during trading hours on Wednesday, reaching $160.11. The company has a market cap of $102,640.00, a price-to-earnings ratio of 28.39, a P/E/G ratio of 2.40 and a beta of 1.08. Accenture has a twelve month low of $112.31 and a twelve month high of $160.63.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, December 21st. The information technology services provider reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.12. The company had revenue of $9.52 billion for the quarter, compared to analysts’ expectations of $9.25 billion. Accenture had a net margin of 9.43% and a return on equity of 41.79%. The firm’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.58 EPS. equities analysts forecast that Accenture will post 6.64 earnings per share for the current fiscal year.

In related news, insider Ellyn Shook sold 4,375 shares of the business’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $139.81, for a total transaction of $611,668.75. Following the transaction, the insider now owns 33,081 shares in the company, valued at $4,625,054.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider ‘T Noordende Alexander M. Van sold 6,500 shares of the business’s stock in a transaction dated Monday, January 1st. The shares were sold at an average price of $153.48, for a total transaction of $997,620.00. The disclosure for this sale can be found here. Insiders sold 82,116 shares of company stock worth $12,211,924 in the last 90 days. Corporate insiders own 0.21% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in ACN. Beach Investment Management LLC. increased its position in shares of Accenture by 1,024.2% during the second quarter. Beach Investment Management LLC. now owns 36,537 shares of the information technology services provider’s stock valued at $4,519,000 after buying an additional 33,287 shares during the period. Smith Asset Management Group LP increased its position in shares of Accenture by 169.5% during the second quarter. Smith Asset Management Group LP now owns 4,360 shares of the information technology services provider’s stock valued at $539,000 after buying an additional 2,742 shares during the period. Cumberland Partners Ltd increased its position in shares of Accenture by 0.8% during the second quarter. Cumberland Partners Ltd now owns 114,410 shares of the information technology services provider’s stock valued at $14,150,000 after buying an additional 910 shares during the period. Rhumbline Advisers increased its position in shares of Accenture by 0.9% during the second quarter. Rhumbline Advisers now owns 1,034,417 shares of the information technology services provider’s stock valued at $127,937,000 after buying an additional 9,183 shares during the period. Finally, Sigma Planning Corp increased its position in shares of Accenture by 12.6% during the second quarter. Sigma Planning Corp now owns 3,502 shares of the information technology services provider’s stock valued at $433,000 after buying an additional 392 shares during the period. Institutional investors own 75.23% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This report was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright and trademark law. The original version of this report can be read at https://www.thecerbatgem.com/2018/01/14/accenture-acn-rating-reiterated-by-pivotal-research.html.

About Accenture

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 (NYSE:ACN)

Receive News & Stock Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related stocks with our FREE daily email newsletter.