Accenture (NYSE:ACN) PT Lowered to $350.00 at BMO Capital Markets

Accenture (NYSE:ACNFree Report) had its target price decreased by BMO Capital Markets from $375.00 to $350.00 in a report released on Friday morning, Benzinga reports. BMO Capital Markets currently has a market perform rating on the information technology services provider’s stock.

A number of other research firms have also weighed in on ACN. Bank of America dropped their price objective on Accenture from $419.00 to $365.00 and set a buy rating for the company in a research note on Wednesday, June 5th. Royal Bank of Canada upped their price target on Accenture from $374.00 to $381.00 and gave the stock an outperform rating in a research note on Friday, March 22nd. Jefferies Financial Group lowered their target price on shares of Accenture from $340.00 to $275.00 and set a hold rating on the stock in a report on Wednesday, June 5th. Mizuho cut their target price on shares of Accenture from $398.00 to $350.00 and set a buy rating for the company in a research note on Tuesday, June 18th. Finally, Stifel Nicolaus reduced their price target on shares of Accenture from $395.00 to $340.00 and set a buy rating on the stock in a report on Wednesday, June 12th. Eleven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $357.09.

Read Our Latest Research Report on Accenture

Accenture Trading Down 0.6 %

Accenture stock opened at $307.21 on Friday. Accenture has a 12-month low of $278.69 and a 12-month high of $387.51. The firm has a market capitalization of $206.06 billion, a price-to-earnings ratio of 28.13, a P/E/G ratio of 3.35 and a beta of 1.21. The firm has a 50 day moving average of $301.03 and a 200 day moving average of $337.09.

Accenture (NYSE:ACNGet Free Report) last announced its quarterly earnings data on Thursday, June 20th. The information technology services provider reported $3.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). Accenture had a return on equity of 27.48% and a net margin of 10.79%. The firm had revenue of $16.47 billion during the quarter, compared to analysts’ expectations of $16.55 billion. During the same period last year, the company earned $3.19 earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. On average, analysts predict that Accenture will post 12 EPS for the current year.

Accenture Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 11th will be paid a dividend of $1.29 per share. This represents a $5.16 annualized dividend and a yield of 1.68%. The ex-dividend date is Thursday, July 11th. Accenture’s payout ratio is 47.25%.

Insider Buying and Selling at Accenture

In related news, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the completion of the transaction, the insider now directly owns 13,699 shares of the company’s stock, valued at approximately $4,208,606.78. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Ellyn Shook sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the completion of the sale, the insider now directly owns 13,699 shares of the company’s stock, valued at approximately $4,208,606.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Joel Unruch sold 4,333 shares of the company’s stock in a transaction on Friday, April 19th. The shares were sold at an average price of $316.12, for a total value of $1,369,747.96. Following the completion of the transaction, the general counsel now directly owns 30,702 shares in the company, valued at approximately $9,705,516.24. The disclosure for this sale can be found here. Insiders have sold 20,083 shares of company stock worth $6,302,285 over the last quarter. Insiders own 0.07% of the company’s stock.

Institutional Investors Weigh In On Accenture

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ACN. Chilton Capital Management LLC raised its stake in shares of Accenture by 180.0% during the fourth quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 45 shares in the last quarter. DiNuzzo Private Wealth Inc. purchased a new position in Accenture during the 4th quarter worth $27,000. Annapolis Financial Services LLC raised its position in Accenture by 507.7% during the 1st quarter. Annapolis Financial Services LLC now owns 79 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 66 shares in the last quarter. Ables Iannone Moore & Associates Inc. bought a new position in shares of Accenture during the 4th quarter worth $29,000. Finally, Atwood & Palmer Inc. increased its stake in shares of Accenture by 214.8% during the first quarter. Atwood & Palmer Inc. now owns 85 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 58 shares during the period. Institutional investors own 75.14% of the company’s stock.

Accenture Company Profile

(Get Free Report)

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.

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Analyst Recommendations for Accenture (NYSE:ACN)

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