Accenture (NYSE:ACN) had its price target boosted by BMO Capital Markets from $188.00 to $215.00 in a research report sent to investors on Friday, The Fly reports. The brokerage currently has a market perform rating on the information technology services provider’s stock. The analysts noted that the move was a valuation call.

ACN has been the topic of a number of other research reports. Cowen increased their price target on Accenture from $175.00 to $210.00 and gave the stock an outperform rating in a research report on Friday, June 19th. Wells Fargo & Co cut Accenture from an overweight rating to an equal weight rating and upped their target price for the stock from $190.00 to $200.00 in a research note on Thursday, June 18th. They noted that the move was a valuation call. Bank of America upped their target price on Accenture from $154.00 to $182.00 and gave the stock an underperform rating in a research note on Thursday, June 18th. Zacks Investment Research cut Accenture from a hold rating to a sell rating and set a $196.00 target price for the company. in a research note on Wednesday, April 15th. Finally, UBS Group upped their target price on Accenture from $160.00 to $215.00 and gave the stock a neutral rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $219.44.

Shares of NYSE:ACN opened at $212.72 on Friday. The company has a market capitalization of $134.08 billion, a P/E ratio of 27.84, a P/E/G ratio of 2.78 and a beta of 1.06. Accenture has a 1 year low of $137.15 and a 1 year high of $217.89. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.38 and a quick ratio of 1.38. The business’s 50 day simple moving average is $199.62 and its 200 day simple moving average is $193.06.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, June 25th. The information technology services provider reported $1.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.06. The business had revenue of $10.99 billion for the quarter, compared to the consensus estimate of $10.89 billion. Accenture had a return on equity of 32.04% and a net margin of 11.11%. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.93 earnings per share. On average, sell-side analysts anticipate that Accenture will post 7.63 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 16th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Wednesday, July 15th. Accenture’s dividend payout ratio is currently 43.48%.

In other Accenture news, Chairman David Rowland sold 5,405 shares of the stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $185.00, for a total transaction of $999,925.00. Following the completion of the sale, the chairman now directly owns 17,199 shares in the company, valued at approximately $3,181,815. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jean-Marc Ollagnier sold 4,499 shares of the stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $175.21, for a total value of $788,269.79. Following the sale, the insider now owns 180,110 shares of the company’s stock, valued at $31,557,073.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,221 shares of company stock valued at $4,169,477. Company insiders own 0.10% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its stake in Accenture by 0.5% during the 1st quarter. BlackRock Inc. now owns 45,176,930 shares of the information technology services provider’s stock valued at $7,375,586,000 after purchasing an additional 222,548 shares during the last quarter. State Street Corp boosted its stake in Accenture by 0.9% during the 1st quarter. State Street Corp now owns 26,989,659 shares of the information technology services provider’s stock valued at $4,406,390,000 after purchasing an additional 235,852 shares during the last quarter. Capital Research Global Investors boosted its stake in Accenture by 2.4% during the 1st quarter. Capital Research Global Investors now owns 15,026,818 shares of the information technology services provider’s stock valued at $2,453,285,000 after purchasing an additional 355,755 shares during the last quarter. Geode Capital Management LLC boosted its stake in Accenture by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 10,540,443 shares of the information technology services provider’s stock valued at $2,215,995,000 after purchasing an additional 165,557 shares during the last quarter. Finally, WCM Investment Management LLC boosted its stake in Accenture by 4.7% during the 1st quarter. WCM Investment Management LLC now owns 7,140,160 shares of the information technology services provider’s stock valued at $1,165,702,000 after purchasing an additional 320,253 shares during the last quarter. Institutional investors own 73.64% of the company’s stock.

About Accenture

Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.

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