Accenture PLC (NYSE:ACN) Now Covered by Pivotal Research

Pivotal Research initiated coverage on shares of Accenture PLC (NYSE:ACN) in a report released on Wednesday, November 8th, MarketBeat.com reports. The firm issued a buy rating and a $165.00 price target on the information technology services provider’s stock.

Several other research analysts have also recently weighed in on ACN. Stifel Nicolaus reissued a buy rating and issued a $150.00 price target on shares of Accenture in a report on Friday, November 3rd. KeyCorp reissued a buy rating and issued a $149.00 price target on shares of Accenture in a report on Sunday, October 29th. Cowen Inc set a $150.00 price target on shares of Accenture and gave the company a buy rating in a report on Monday, October 23rd. Susquehanna Bancshares Inc reaffirmed a neutral rating and set a $144.00 target price on shares of Accenture in a report on Tuesday, October 3rd. Finally, UBS AG cut shares of Accenture from a positive rating to a neutral rating in a report on Tuesday, October 3rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Accenture currently has a consensus rating of Buy and a consensus price target of $143.73.

Accenture (NYSE ACN) traded down $0.13 during trading on Wednesday, hitting $147.50. 1,352,108 shares of the stock were exchanged, compared to its average volume of 2,122,225. Accenture has a one year low of $112.31 and a one year high of $148.47. The firm has a market cap of $94,640.00, a P/E ratio of 24.98, a price-to-earnings-growth ratio of 2.18 and a beta of 1.08.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.01. Accenture had a net margin of 9.37% and a return on equity of 42.65%. The business had revenue of $9.15 billion during the quarter, compared to the consensus estimate of $9.01 billion. During the same period last year, the business posted $1.31 EPS. Accenture’s revenue was up 7.8% on a year-over-year basis. research analysts expect that Accenture will post 6.54 earnings per share for the current year.

The business also recently announced a Semi-Annual dividend, which was paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th were given a $1.33 dividend. The ex-dividend date was Wednesday, October 18th. This represents a yield of 1.97%. Accenture’s dividend payout ratio is currently 48.90%.

In other news, COO Johan Deblaere sold 5,000 shares of Accenture stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $135.05, for a total transaction of $675,250.00. Following the transaction, the chief operating officer now owns 120,817 shares in the company, valued at $16,316,335.85. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Gianfranco Casati sold 20,380 shares of Accenture stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $142.72, for a total transaction of $2,908,633.60. Following the transaction, the insider now owns 51,014 shares in the company, valued at approximately $7,280,718.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 83,325 shares of company stock worth $11,479,125. 0.21% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Jacobi Capital Management LLC increased its stake in Accenture by 104.8% in the third quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock valued at $100,000 after purchasing an additional 372 shares in the last quarter. TCI Wealth Advisors Inc. increased its stake in Accenture by 23.4% in the second quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock valued at $106,000 after purchasing an additional 162 shares in the last quarter. Bellwether Investment Group LLC increased its stake in Accenture by 64.2% in the first quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock valued at $110,000 after purchasing an additional 359 shares in the last quarter. Manchester Capital Management LLC increased its stake in Accenture by 7.0% in the second quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock valued at $114,000 after purchasing an additional 60 shares in the last quarter. Finally, Harbour Capital Advisors LLC bought a new stake in Accenture in the first quarter valued at $122,000. Institutional investors and hedge funds own 71.36% of the company’s stock.

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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.

Analyst Recommendations for Accenture (NYSE:ACN)

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