Pivotal Research started coverage on shares of Accenture PLC (NYSE:ACN) in a research report sent to investors on Wednesday, November 8th, Marketbeat reports. The firm issued a buy rating and a $165.00 target price on the information technology services provider’s stock.
ACN has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Accenture PLC from a hold rating to a buy rating and set a $145.00 price target on the stock in a report on Monday, August 28th. Berenberg Bank reissued a buy rating and set a $160.00 target price on shares of Accenture PLC in a research note on Thursday, September 21st. Cowen and Company set a $150.00 target price on shares of Accenture PLC and gave the stock a buy rating in a research note on Monday, October 23rd. Stifel Nicolaus reaffirmed a buy rating and issued a $150.00 price target on shares of Accenture PLC in a research note on Friday, November 3rd. Finally, SunTrust Banks, Inc. set a $130.00 price target on shares of Accenture PLC and gave the company a hold rating in a research note on Sunday, October 1st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Accenture PLC has a consensus rating of Buy and a consensus target price of $143.73.
Shares of Accenture PLC (NYSE:ACN) opened at $146.57 on Wednesday. Accenture PLC has a 52-week low of $112.31 and a 52-week high of $147.28. The firm has a market cap of $93,530.00, a P/E ratio of 24.61, a price-to-earnings-growth ratio of 2.15 and a beta of 1.08.
Accenture PLC (NYSE:ACN) last issued its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 9.37% and a return on equity of 42.65%. Accenture PLC’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.31 earnings per share. equities research analysts forecast 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. Stockholders of record on Thursday, October 19th were issued a $1.33 dividend. This represents a dividend yield of 1.97%. The ex-dividend date was Wednesday, October 18th. Accenture PLC’s payout ratio is 48.90%.
In other Accenture PLC news, COO Johan Deblaere sold 5,000 shares of the 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 completion of the sale, the chief operating officer now owns 120,817 shares of the company’s stock, valued at approximately $16,316,335.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gianfranco Casati sold 20,380 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $142.72, for a total transaction of $2,908,633.60. Following the sale, the insider now directly owns 51,014 shares of the company’s stock, valued at approximately $7,280,718.08. The disclosure for this sale can be found here. Insiders sold a total of 83,325 shares of company stock worth $11,479,125 in the last three months. Insiders own 0.21% of the company’s stock.
Large investors have recently bought and sold shares of the company. Eagle Ridge Investment Management bought a new position in shares of Accenture PLC in the 3rd quarter worth about $359,000. Canada Pension Plan Investment Board increased its stake in shares of Accenture PLC by 18.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 473,257 shares of the information technology services provider’s stock worth $58,532,000 after acquiring an additional 75,100 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Accenture PLC by 4.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,087,814 shares of the information technology services provider’s stock worth $258,221,000 after acquiring an additional 97,760 shares in the last quarter. Koch Industries Inc. increased its stake in shares of Accenture PLC by 18,227.9% in the 2nd quarter. Koch Industries Inc. now owns 329,903 shares of the information technology services provider’s stock worth $327,000 after acquiring an additional 328,103 shares in the last quarter. Finally, Retirement Systems of Alabama increased its stake in shares of Accenture PLC by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 340,128 shares of the information technology services provider’s stock worth $42,067,000 after acquiring an additional 916 shares in the last quarter. 71.36% of the stock is owned by hedge funds and other institutional investors.
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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