Accenture (ACN) Given a $180.00 Price Target by Pivotal Research Analysts
Accenture (NYSE:ACN) received a $180.00 price objective from equities researchers at Pivotal Research in a research note issued on Tuesday. The firm currently has a “buy” rating on the information technology services provider’s stock. Pivotal Research’s price target indicates a potential upside of 12.42% from the stock’s current price.
Several other equities analysts have also recently weighed in on the company. Cowen reiterated a “buy” rating and set a $175.00 price objective on shares of Accenture in a report on Friday. Credit Suisse Group set a $165.00 price objective on Accenture and gave the company a “hold” rating in a report on Tuesday, January 2nd. KeyCorp lifted their target price on Accenture from $157.00 to $172.00 and gave the company an “overweight” rating in a research report on Saturday, December 30th. Barclays lifted their target price on Accenture from $135.00 to $152.00 and gave the company an “equal weight” rating in a research report on Saturday, December 30th. Finally, Zacks Investment Research lowered Accenture from a “buy” rating to a “hold” rating in a research report on Friday, December 29th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company. Accenture has a consensus rating of “Hold” and a consensus target price of $156.57.
Accenture (ACN) opened at $160.11 on Tuesday. Accenture has a 1-year low of $112.31 and a 1-year high of $160.63. The firm has a market capitalization of $102,640.00, a PE ratio of 28.39, a PEG ratio of 2.41 and a beta of 1.08.
Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $9.52 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter in the previous year, the business posted $1.58 EPS. Accenture’s revenue for the quarter was up 11.8% on a year-over-year basis. equities analysts expect that Accenture will post 6.64 earnings per share for the current year.
In other Accenture news, CAO Richard P. Clark sold 1,433 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $158.37, for a total transaction of $226,944.21. Following the transaction, the chief accounting officer now owns 8,932 shares of the company’s stock, valued at approximately $1,414,560.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard P. Clark sold 1,754 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $158.39, for a total value of $277,816.06. Following the transaction, the insider now directly owns 10,543 shares in the company, valued at approximately $1,669,905.77. The disclosure for this sale can be found here. Insiders have sold a total of 82,116 shares of company stock worth $12,211,924 in the last ninety days. Insiders own 0.21% of the company’s stock.
Several large investors have recently bought and sold shares of ACN. Jacobi Capital Management LLC increased its holdings in shares of Accenture by 104.8% during the 3rd quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock worth $100,000 after acquiring an additional 372 shares during the last quarter. TCI Wealth Advisors Inc. increased its holdings in shares of Accenture by 23.4% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock worth $106,000 after acquiring an additional 162 shares during the last quarter. Manchester Capital Management LLC increased its holdings in shares of Accenture by 7.0% during the 2nd quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock worth $114,000 after acquiring an additional 60 shares during the last quarter. Captrust Financial Advisors acquired a new position in shares of Accenture during the 2nd quarter worth approximately $129,000. Finally, Monroe Bank & Trust MI increased its holdings in shares of Accenture by 37.3% during the 2nd quarter. Monroe Bank & Trust MI now owns 1,288 shares of the information technology services provider’s stock worth $159,000 after acquiring an additional 350 shares during the last quarter. 75.28% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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