Accenture PLC (NYSE:ACN) – Equities research analysts at Jefferies Group raised their Q3 2018 earnings per share estimates for shares of Accenture PLC in a research note issued on Tuesday. Jefferies Group analyst J. Kupferberg now forecasts that the firm will post earnings per share of $1.72 for the quarter, up from their prior forecast of $1.71.

Accenture PLC (NYSE:ACN) last announced its quarterly earnings data on Thursday, June 23rd. The company reported $1.41 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.41. Accenture PLC had a net margin of 11.24% and a return on equity of 47.61%. The firm had revenue of $8.43 billion for the quarter. During the same period in the previous year, the firm posted $1.30 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis.

Other research analysts also recently issued reports about the stock. Royal Bank Of Canada restated a “buy” rating on shares of Accenture PLC in a research report on Sunday, June 26th. Deutsche Bank AG restated a “buy” rating on shares of Accenture PLC in a research report on Sunday, June 26th. Cantor Fitzgerald restated a “buy” rating on shares of Accenture PLC in a research report on Monday, July 18th. Morgan Stanley restated a “hold” rating and set a $120.00 target price on shares of Accenture PLC in a research report on Wednesday. Finally, Zacks Investment Research downgraded shares of Accenture PLC from a “buy” rating to a “hold” rating in a research report on Monday, June 27th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Accenture PLC currently has an average rating of “Buy” and an average target price of $120.92.

Accenture PLC (NYSE:ACN) traded up 1.23% during mid-day trading on Wednesday, reaching $113.07. 620,845 shares of the company’s stock were exchanged. The company has a market cap of $70.39 billion, a PE ratio of 19.11 and a beta of 1.17. The stock has a 50-day moving average price of $113.22 and a 200 day moving average price of $114.00. Accenture PLC has a 52-week low of $91.40 and a 52-week high of $120.78.

In other Accenture PLC news, General Counsel Chad T. Jerdee sold 4,000 shares of the firm’s stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $113.35, for a total transaction of $453,400.00. Following the completion of the sale, the general counsel now owns 28,755 shares of the company’s stock, valued at approximately $3,259,379.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard Lumb sold 1,250 shares of the firm’s stock in a transaction on Monday, June 27th. The shares were sold at an average price of $109.88, for a total value of $137,350.00. Following the sale, the insider now directly owns 129,013 shares of the company’s stock, valued at approximately $14,175,948.44. The disclosure for this sale can be found here. Company insiders own 0.17% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Cribstone Capital Management LLC purchased a new stake in Accenture PLC during the second quarter worth $104,000. Exane Derivatives increased its stake in Accenture PLC by 92.0% in the second quarter. Exane Derivatives now owns 954 shares of the company’s stock worth $108,000 after buying an additional 457 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in Accenture PLC by 1,091.0% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,060 shares of the company’s stock worth $120,000 after buying an additional 971 shares in the last quarter. Tanaka Capital Management Inc. increased its stake in Accenture PLC by 314.8% in the second quarter. Tanaka Capital Management Inc. now owns 1,120 shares of the company’s stock worth $127,000 after buying an additional 850 shares in the last quarter. Finally, City Holding Co. increased its stake in Accenture PLC by 8.4% in the second quarter. City Holding Co. now owns 1,221 shares of the company’s stock worth $138,000 after buying an additional 95 shares in the last quarter. 77.18% of the stock is owned by institutional investors and hedge funds.

About Accenture PLC

Accenture plc is engaged in providing management consulting, technology and outsourcing services. The Company’s business is structured around five operating groups, which together consists of 19 industry groups serving clients in industries globally. The Company’s segment includes Communications, Media & Technology, Financial Services, Health & Public Service, Products and Resources.

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