Accenture Plc (NYSE:ACN) had its target price boosted by investment analysts at BMO Capital Markets to $125.00 in a research note issued to investors on Friday. BMO Capital Markets’ target price would suggest a potential upside of 4.86% from the stock’s current price.
A number of other research analysts have also recently issued reports on ACN. Cantor Fitzgerald set a $135.00 target price on Accenture Plc and gave the company a “buy” rating in a research note on Sunday, December 25th. Credit Suisse Group AG set a $124.00 target price on Accenture Plc and gave the company a “hold” rating in a research note on Sunday, December 25th. Berenberg Bank reissued a “buy” rating and issued a $140.00 target price on shares of Accenture Plc in a research note on Sunday, January 8th. Deutsche Bank AG reaffirmed a “buy” rating and set a $127.00 price objective (down from $131.00) on shares of Accenture Plc in a research report on Friday, December 23rd. Finally, Vetr raised Accenture Plc from a “buy” rating to a “strong-buy” rating and set a $130.68 price objective for the company in a research report on Monday, January 9th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $128.08.
Accenture Plc (NYSE:ACN) traded up 1.93% on Friday, hitting $119.21. 3,743,523 shares of the stock traded hands. The firm’s 50-day moving average price is $120.75 and its 200-day moving average price is $118.84. The stock has a market cap of $73.92 billion, a price-to-earnings ratio of 19.86 and a beta of 1.17. Accenture Plc has a 12-month low of $108.66 and a 12-month high of $126.53.
Accenture Plc (NYSE:ACN) last posted its earnings results on Thursday, March 23rd. The information technology services provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.03. Accenture Plc had a return on equity of 46.99% and a net margin of 12.34%. The firm earned $8.32 billion during the quarter, compared to analysts’ expectations of $8.34 billion. During the same period in the previous year, the firm earned $1.34 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. On average, equities research analysts anticipate that Accenture Plc will post $5.86 EPS for the current fiscal year.
The firm also recently disclosed a semiannual dividend, which will be paid on Monday, May 15th. Shareholders of record on Thursday, April 13th will be paid a $1.21 dividend. This is a positive change from Accenture Plc’s previous semiannual dividend of $1.02. The ex-dividend date of this dividend is Tuesday, April 11th. This represents a yield of 2.03%. Accenture Plc’s dividend payout ratio is currently 35.85%.
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In other Accenture Plc news, CEO Pierre Nanterme sold 39,499 shares of the company’s stock in a transaction that occurred on Wednesday, March 29th. The stock was sold at an average price of $120.75, for a total value of $4,769,504.25. Following the sale, the chief executive officer now owns 258,306 shares in the company, valued at $31,190,449.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Richard Lumb sold 4,400 shares of the company’s stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $120.00, for a total value of $528,000.00. Following the completion of the sale, the insider now owns 124,475 shares in the company, valued at approximately $14,937,000. The disclosure for this sale can be found here. Insiders sold 78,204 shares of company stock worth $9,388,743 in the last 90 days. Corporate insiders own 0.21% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Accenture Plc during the fourth quarter worth $649,544,000. The Manufacturers Life Insurance Company purchased a new position in shares of Accenture Plc during the third quarter worth $287,741,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of Accenture Plc during the fourth quarter worth $258,021,000. WCM Investment Management CA raised its position in shares of Accenture Plc by 58.9% in the third quarter. WCM Investment Management CA now owns 3,140,505 shares of the information technology services provider’s stock worth $383,676,000 after buying an additional 1,164,609 shares during the period. Finally, Russell Investments Group Ltd. purchased a new position in shares of Accenture Plc during the fourth quarter worth $133,387,000. Institutional investors own 77.38% of the company’s stock.
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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