Stifel Nicolaus reiterated their buy rating on shares of Accenture PLC (NYSE:ACN) in a report released on Friday, November 3rd. The firm currently has a $150.00 price target on the information technology services provider’s stock.
A number of other equities analysts have also weighed in on the stock. KeyCorp reiterated a buy rating and issued a $149.00 price target on shares of Accenture PLC in a report on Sunday, October 29th. Cowen and Company set a $150.00 target price on shares of Accenture PLC and gave the company a buy rating in a research note on Monday, October 23rd. Susquehanna Bancshares Inc reissued a neutral rating and issued a $144.00 target price on shares of Accenture PLC in a research note on Tuesday, October 3rd. UBS AG downgraded shares of Accenture PLC from a positive rating to a neutral rating in a research note on Tuesday, October 3rd. Finally, SunTrust Banks, Inc. set a $130.00 price target on shares of Accenture PLC and gave the stock a hold rating in a research note on Sunday, October 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $142.89.
Shares of Accenture PLC (NYSE ACN) opened at $144.96 on Friday. The company has a market cap of $94,981.16, a PE ratio of 24.35, a PEG ratio of 2.13 and a beta of 1.08. Accenture PLC has a 1-year low of $112.31 and a 1-year high of $145.50.
Accenture PLC (NYSE:ACN) last announced its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.01. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. The firm had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.01 billion. During the same quarter last year, the business earned $1.31 earnings per share. Accenture PLC’s revenue was up 7.8% compared to the same quarter last year. analysts predict that Accenture PLC will post 6.54 EPS for the current fiscal year.
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The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, October 19th will be paid a dividend of $1.33 per share. This represents a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, October 18th. Accenture PLC’s payout ratio is currently 48.90%.
In other Accenture PLC news, CEO Pierre Nanterme sold 38,589 shares of the 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 sale, the chief executive officer now owns 179,083 shares of the company’s stock, valued at approximately $24,181,577.49. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Richard P. Clark sold 3,155 shares of the stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $143.01, for a total transaction of $451,196.55. Following the sale, the insider now directly owns 5,533 shares in the company, valued at approximately $791,274.33. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,325 shares of company stock valued at $11,479,125. Corporate insiders own 0.21% of the company’s stock.
A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Accenture PLC by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 48,468,073 shares of the information technology services provider’s stock worth $5,994,531,000 after acquiring an additional 1,088,676 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Accenture PLC by 3.0% in the 2nd quarter. BlackRock Inc. now owns 40,659,545 shares of the information technology services provider’s stock valued at $5,028,772,000 after purchasing an additional 1,196,578 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of Accenture PLC by 2.2% in the 2nd quarter. Capital Research Global Investors now owns 28,501,643 shares of the information technology services provider’s stock valued at $3,525,083,000 after purchasing an additional 605,156 shares during the last quarter. State Street Corp boosted its stake in shares of Accenture PLC by 2.7% in the 1st quarter. State Street Corp now owns 25,356,641 shares of the information technology services provider’s stock valued at $3,039,762,000 after purchasing an additional 665,860 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of 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 during the last quarter. 77.73% of the stock is currently owned by hedge funds and other institutional investors.
About Accenture PLC
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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