Accenture (ACN) Given a $180.00 Price Target by Pivotal Research Analysts

Accenture (NYSE:ACN) has been assigned a $180.00 price target by equities research analysts at Pivotal Research in a report issued on Tuesday. The firm currently has a “buy” rating on the information technology services provider’s stock. Pivotal Research’s price objective suggests a potential upside of 12.42% from the stock’s previous close.

ACN has been the subject of a number of other reports. KeyCorp raised their target price on Accenture from $157.00 to $172.00 and gave the company an “overweight” rating in a research note on Saturday, December 30th. SunTrust Banks restated a “hold” rating and issued a $164.00 target price on shares of Accenture in a research note on Thursday, December 21st. Barclays raised their target price on Accenture from $135.00 to $152.00 and gave the company an “equal weight” rating in a research note on Friday, December 22nd. Cowen restated a “buy” rating and issued a $166.00 target price on shares of Accenture in a research note on Friday, December 22nd. Finally, Zacks Investment Research lowered Accenture from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company. Accenture currently has an average rating of “Hold” and a consensus price target of $156.57.

Shares of Accenture (NYSE ACN) opened at $160.11 on Tuesday. Accenture has a 12 month low of $112.31 and a 12 month high of $160.63. The firm has a market capitalization of $102,640.00, a price-to-earnings ratio of 28.39, a PEG ratio of 2.41 and a beta of 1.08.

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

In other Accenture news, insider Richard Lumb sold 2,200 shares of the firm’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $138.94, for a total transaction of $305,668.00. Following the transaction, the insider now owns 117,151 shares in the company, valued at $16,276,959.94. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Richard P. Clark sold 1,433 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $158.37, for a total value of $226,944.21. Following the transaction, the chief accounting officer now owns 8,932 shares in the company, valued at approximately $1,414,560.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,116 shares of company stock worth $12,211,924. Company insiders own 0.21% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Eagle Ridge Investment Management bought a new position in Accenture during the third quarter worth about $359,000. Atlanta Capital Management Co. L L C lifted its holdings in shares of Accenture by 4.6% during the 3rd quarter. Atlanta Capital Management Co. L L C now owns 580,977 shares of the information technology services provider’s stock valued at $78,472,000 after purchasing an additional 25,671 shares in the last quarter. Koch Industries Inc. lifted its holdings in shares of Accenture by 18,227.9% during the 2nd quarter. Koch Industries Inc. now owns 329,903 shares of the information technology services provider’s stock valued at $327,000 after purchasing an additional 328,103 shares in the last quarter. Lenox Wealth Management Inc. bought a new position in shares of Accenture during the 2nd quarter valued at about $1,591,000. Finally, Independent Franchise Partners LLP lifted its holdings in shares of Accenture by 3.7% during the 3rd quarter. Independent Franchise Partners LLP now owns 6,293,362 shares of the information technology services provider’s stock valued at $850,044,000 after purchasing an additional 222,828 shares in the last quarter. Hedge funds and other institutional investors own 75.28% of the company’s stock.

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Accenture 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.

Analyst Recommendations for Accenture (NYSE:ACN)

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