Brokerages Set Accenture Plc (NYSE:ACN) PT at $203.10

Shares of Accenture Plc (NYSE:ACN) have received an average recommendation of “Buy” from the twenty-two analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $203.25.

A number of research firms have recently weighed in on ACN. JPMorgan Chase & Co. set a $216.00 price target on shares of Accenture and gave the stock a “buy” rating in a research report on Friday, September 27th. Zacks Investment Research downgraded shares of Accenture from a “hold” rating to a “sell” rating and set a $214.00 price target for the company. in a research report on Monday, September 9th. Redburn Partners began coverage on shares of Accenture in a research report on Monday, September 23rd. They set a “buy” rating and a $227.00 price target for the company. Robert W. Baird decreased their price target on shares of Accenture from $212.00 to $208.00 and set a “neutral” rating for the company in a research report on Friday, September 27th. Finally, Citigroup raised their price target on shares of Accenture from $194.00 to $211.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th.

In other Accenture news, CEO David Rowland sold 2,330 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $187.78, for a total value of $437,527.40. Following the sale, the chief executive officer now directly owns 24,318 shares in the company, valued at $4,566,434.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel T. London sold 2,283 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $188.03, for a total value of $429,272.49. Following the completion of the sale, the insider now owns 27,294 shares in the company, valued at $5,132,090.82. The disclosure for this sale can be found here. Insiders sold 17,513 shares of company stock worth $3,375,582 over the last quarter. 0.18% of the stock is currently owned by company insiders.



A number of large investors have recently added to or reduced their stakes in the stock. Highland Private Wealth Management grew its stake in Accenture by 4.8% during the 2nd quarter. Highland Private Wealth Management now owns 1,446 shares of the information technology services provider’s stock valued at $268,000 after acquiring an additional 66 shares in the last quarter. Brandywine Oak Private Wealth LLC purchased a new position in Accenture during the 2nd quarter valued at about $207,000. Private Trust Co. NA grew its stake in Accenture by 1.6% during the 2nd quarter. Private Trust Co. NA now owns 3,642 shares of the information technology services provider’s stock valued at $672,000 after acquiring an additional 57 shares in the last quarter. GSA Capital Partners LLP grew its stake in Accenture by 17.3% during the 2nd quarter. GSA Capital Partners LLP now owns 4,689 shares of the information technology services provider’s stock valued at $866,000 after acquiring an additional 690 shares in the last quarter. Finally, Monetary Management Group Inc. grew its stake in Accenture by 543.3% during the 1st quarter. Monetary Management Group Inc. now owns 9,650 shares of the information technology services provider’s stock valued at $1,699,000 after acquiring an additional 8,150 shares in the last quarter. 69.84% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:ACN traded up $2.54 during trading hours on Wednesday, hitting $184.74. The stock had a trading volume of 59,736 shares, compared to its average volume of 1,906,432. Accenture has a 1-year low of $132.63 and a 1-year high of $202.80. The company has a market cap of $127.43 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 2.36 and a beta of 1.04. The business has a 50 day simple moving average of $193.68 and a two-hundred day simple moving average of $185.86.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, September 26th. The information technology services provider reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.03. Accenture had a net margin of 11.06% and a return on equity of 34.30%. The business had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $11.07 billion. During the same quarter last year, the company earned $1.58 earnings per share. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. As a group, equities research analysts expect that Accenture will post 7.78 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 17th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Wednesday, October 16th. Accenture’s payout ratio is 39.67%.

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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Analyst Recommendations for Accenture (NYSE:ACN)

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