Accenture PLC (ACN) Price Target Increased to $162.00 by Analysts at Evercore ISI
Accenture PLC (NYSE:ACN) had its target price upped by Evercore ISI from $148.00 to $162.00 in a research note issued to investors on Thursday morning, The Fly reports. The brokerage currently has a reduce rating on the information technology services provider’s stock.
A number of other equities research analysts have also commented on ACN. Cantor Fitzgerald reaffirmed a buy rating and set a $135.00 price target on shares of Accenture PLC in a research report on Thursday, September 28th. KeyCorp reaffirmed a buy rating and set a $149.00 price target on shares of Accenture PLC in a research report on Thursday, September 28th. BMO Capital Markets raised their price target on Accenture PLC from $130.00 to $140.00 and gave the stock a market perform rating in a research report on Friday, September 29th. Pivotal Research assumed coverage on Accenture PLC in a research report on Wednesday, November 8th. They set a buy rating and a $165.00 price target on the stock. Finally, Wells Fargo & Company raised their price target on Accenture PLC from $147.00 to $150.00 and gave the stock an outperform rating in a research report on Friday, September 29th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $143.73.
Accenture PLC (NYSE ACN) opened at $145.45 on Thursday. The firm has a market capitalization of $95,990.89, a PE ratio of 24.61, a price-to-earnings-growth ratio of 2.15 and a beta of 1.08. Accenture PLC has a one year low of $112.31 and a one year high of $147.28.
Accenture PLC (NYSE:ACN) last released its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.01. The company had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.01 billion. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. Accenture PLC’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.31 earnings per share. equities research analysts anticipate that Accenture PLC will post 6.54 earnings per share for the current fiscal year.
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The business also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th were paid a $1.33 dividend. The ex-dividend date of this dividend was Wednesday, October 18th. This represents a yield of 1.97%. Accenture PLC’s dividend payout ratio is 48.90%.
In other news, CEO Pierre Nanterme sold 38,589 shares of Accenture PLC stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $135.03, for a total transaction of $5,210,672.67. Following the completion of the transaction, the chief executive officer now directly owns 179,083 shares in the company, valued at approximately $24,181,577.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David Rowland sold 3,702 shares of Accenture PLC stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $135.04, for a total value of $499,918.08. Following the transaction, the chief financial officer now owns 9,864 shares of the company’s stock, valued at $1,332,034.56. The disclosure for this sale can be found here. Insiders have sold a total of 83,325 shares of company stock valued at $11,479,125 over the last quarter. 0.21% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of ACN. BlackRock Inc. boosted its stake in shares of Accenture PLC by 2,139.5% during the 1st quarter. BlackRock Inc. now owns 39,462,967 shares of the information technology services provider’s stock worth $4,730,821,000 after acquiring an additional 37,700,871 shares during the period. Vanguard Group Inc. boosted its stake in shares of Accenture PLC by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 47,379,397 shares of the information technology services provider’s stock worth $5,679,843,000 after acquiring an additional 2,749,896 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Accenture PLC by 2,531.4% during the 2nd quarter. Janus Henderson Group PLC now owns 2,520,680 shares of the information technology services provider’s stock worth $311,760,000 after acquiring an additional 2,424,888 shares during the period. Capital International Investors boosted its stake in shares of Accenture PLC by 89.1% during the 3rd quarter. Capital International Investors now owns 4,670,977 shares of the information technology services provider’s stock worth $630,909,000 after acquiring an additional 2,200,243 shares during the period. Finally, BT Investment Management Ltd bought a new position in shares of Accenture PLC during the 2nd quarter worth approximately $220,158,000. Institutional investors own 71.36% of the company’s stock.
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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