Robert W. Baird reiterated their neutral rating on shares of Accenture Plc (NYSE:ACN) in a research note published on Friday. The brokerage currently has a $148.00 target price on the information technology services provider’s stock, up from their prior target price of $142.00.
A number of other equities research analysts have also recently weighed in on ACN. Berenberg Bank set a $140.00 price objective on shares of Accenture Plc and gave the company a buy rating in a research note on Saturday, June 24th. Zacks Investment Research raised Accenture Plc from a hold rating to a buy rating and set a $155.00 target price on the stock in a report on Thursday, September 21st. KeyCorp reaffirmed a buy rating and set a $135.00 target price on shares of Accenture Plc in a report on Friday. Cowen and Company reaffirmed a buy rating and set a $150.00 target price (up from $135.00) on shares of Accenture Plc in a report on Tuesday, September 19th. Finally, Morgan Stanley lifted their target price on Accenture Plc from $132.00 to $140.00 and gave the stock an equal weight rating in a report on Friday. One analyst has rated the stock with a sell rating, nine have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $135.07.
Shares of Accenture Plc (ACN) opened at 138.12 on Friday. Accenture Plc has a 52 week low of $109.50 and a 52 week high of $138.27. The firm has a market capitalization of $85.36 billion, a PE ratio of 24.46 and a beta of 1.11. The company has a 50-day moving average of $130.89 and a 200-day moving average of $124.97.
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In other Accenture Plc news, insider Richard Lumb sold 2,200 shares of Accenture Plc stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $127.51, for a total transaction of $280,522.00. Following the transaction, the insider now owns 119,942 shares of the company’s stock, valued at approximately $15,293,804.42. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Gianfranco Casati sold 5,000 shares of Accenture Plc stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $130.00, for a total value of $650,000.00. Following the transaction, the insider now directly owns 56,014 shares in the company, valued at approximately $7,281,820. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,582 shares of company stock worth $2,634,573. Company insiders own 0.21% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Vantage Financial Partners Ltd. Inc. purchased a new position in Accenture Plc during the 2nd quarter valued at about $533,000. TCI Wealth Advisors Inc. grew its stake in Accenture Plc by 23.4% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock valued at $106,000 after acquiring an additional 162 shares in the last quarter. Bellwether Investment Group LLC grew its stake in Accenture Plc by 64.2% during the 1st quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock valued at $110,000 after acquiring an additional 359 shares in the last quarter. Manchester Capital Management LLC grew its stake in Accenture Plc by 7.0% during the 2nd quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock valued at $114,000 after acquiring an additional 60 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in Accenture Plc by 2.0% during the 1st quarter. Parkside Financial Bank & Trust now owns 978 shares of the information technology services provider’s stock valued at $117,000 after acquiring an additional 19 shares in the last quarter. 77.73% of the stock is currently owned by institutional investors.
Accenture Plc 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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