Accenture Plc (NYSE:ACN) has received a consensus rating of “Buy” from the twenty-nine ratings firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $219.80.
ACN has been the topic of several recent analyst reports. Cowen upped their price objective on shares of Accenture from $175.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, June 19th. Morgan Stanley upped their price target on shares of Accenture from $185.00 to $230.00 and gave the company an “overweight” rating in a research note on Tuesday, June 23rd. Wolfe Research lifted their price objective on shares of Accenture from $165.00 to $220.00 and gave the stock a “peer perform” rating in a research note on Friday, June 26th. BMO Capital Markets boosted their price objective on shares of Accenture from $188.00 to $215.00 and gave the company a “market perform” rating in a report on Friday, June 26th. They noted that the move was a valuation call. Finally, UBS Group raised their target price on Accenture from $160.00 to $215.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th.
In other Accenture news, insider Jean-Marc Ollagnier sold 3,773 shares of the stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $222.44, for a total transaction of $839,266.12. Following the transaction, the insider now owns 174,816 shares in the company, valued at $38,886,071.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman David Rowland sold 2,119 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $178.63, for a total value of $378,516.97. Following the completion of the sale, the chairman now directly owns 15,238 shares in the company, valued at $2,721,963.94. The disclosure for this sale can be found here. Insiders have sold 18,966 shares of company stock worth $4,089,475 over the last three months. 0.10% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in ACN. BlackRock Inc. increased its holdings in Accenture by 0.5% in the 1st quarter. BlackRock Inc. now owns 45,176,930 shares of the information technology services provider’s stock worth $7,375,586,000 after acquiring an additional 222,548 shares in the last quarter. State Street Corp increased its stake in shares of Accenture by 0.9% during the first quarter. State Street Corp now owns 26,989,659 shares of the information technology services provider’s stock worth $4,406,390,000 after purchasing an additional 235,852 shares in the last quarter. Capital Research Global Investors raised its position in shares of Accenture by 2.4% during the 1st quarter. Capital Research Global Investors now owns 15,026,818 shares of the information technology services provider’s stock worth $2,453,285,000 after purchasing an additional 355,755 shares during the last quarter. WCM Investment Management LLC lifted its stake in Accenture by 4.7% in the 1st quarter. WCM Investment Management LLC now owns 7,140,160 shares of the information technology services provider’s stock valued at $1,165,702,000 after buying an additional 320,253 shares in the last quarter. Finally, Polen Capital Management LLC lifted its stake in Accenture by 5.8% in the 1st quarter. Polen Capital Management LLC now owns 6,658,492 shares of the information technology services provider’s stock valued at $1,087,065,000 after buying an additional 367,649 shares in the last quarter. 73.62% of the stock is owned by institutional investors and hedge funds.
Shares of ACN stock opened at $224.78 on Tuesday. Accenture has a 12-month low of $137.15 and a 12-month high of $225.74. The business’s fifty day simple moving average is $214.21 and its 200-day simple moving average is $194.85. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.17. The company has a market cap of $143.14 billion, a PE ratio of 29.42, a PEG ratio of 2.95 and a beta of 1.07.
Accenture (NYSE:ACN) last announced its earnings results on Thursday, June 25th. The information technology services provider reported $1.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.06. Accenture had a return on equity of 31.51% and a net margin of 11.11%. The firm had revenue of $10.99 billion for the quarter, compared to the consensus estimate of $10.89 billion. During the same period in the previous year, the business earned $1.93 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, equities analysts forecast that Accenture will post 7.63 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 16th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Wednesday, July 15th. Accenture’s dividend payout ratio is currently 43.48%.
Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.
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