Shares of Accenture PLC (NYSE:ACN - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the twenty-seven ratings firms that are currently covering the stock, Marketbeat reports. Ten equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $274.50.
A number of analysts have issued reports on ACN shares. Morgan Stanley cut their target price on Accenture from $320.00 to $240.00 and set an "overweight" rating on the stock in a research report on Monday, March 16th. Mizuho cut their target price on Accenture from $309.00 to $280.00 and set an "outperform" rating on the stock in a research report on Monday, March 23rd. JPMorgan Chase & Co. boosted their target price on Accenture from $243.00 to $247.00 and gave the company an "overweight" rating in a research report on Friday, March 20th. UBS Group reissued a "buy" rating on shares of Accenture in a research report on Tuesday, March 17th. Finally, Wells Fargo & Company boosted their target price on Accenture from $251.00 to $275.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 14th.
Read Our Latest Report on Accenture
Key Stories Impacting Accenture
Here are the key news stories impacting Accenture this week:
Insider Transactions at Accenture
In other Accenture news, CEO Julie Spellman Sweet sold 6,057 shares of the business's stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $241.23, for a total transaction of $1,461,130.11. Following the sale, the chief executive officer directly owned 15,255 shares in the company, valued at $3,679,963.65. This represents a 28.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.02% of the stock is owned by company insiders.
Institutional Trading of Accenture
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Harbor Capital Advisors Inc. increased its position in shares of Accenture by 132.6% during the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider's stock worth $26,000 after acquiring an additional 61 shares during the period. Triumph Capital Management purchased a new stake in shares of Accenture during the third quarter worth $26,000. Board of the Pension Protection Fund purchased a new stake in shares of Accenture during the fourth quarter worth $27,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Accenture during the fourth quarter worth $27,000. Finally, McMillan Office Inc. purchased a new stake in shares of Accenture during the fourth quarter worth $27,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.
Accenture Stock Up 0.4%
Shares of ACN opened at $177.62 on Wednesday. The firm has a market cap of $118.19 billion, a P/E ratio of 14.55, a price-to-earnings-growth ratio of 1.68 and a beta of 1.24. Accenture has a 12-month low of $173.84 and a 12-month high of $325.71. The company's 50-day moving average price is $198.04 and its 200 day moving average price is $236.69. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.16.
Accenture (NYSE:ACN - Get Free Report) last issued its quarterly earnings data on Friday, March 20th. The information technology services provider reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.09. The firm had revenue of $18.04 billion for the quarter, compared to analyst estimates of $17.80 billion. Accenture had a net margin of 10.61% and a return on equity of 26.33%. Accenture's revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.82 EPS. On average, sell-side analysts forecast that Accenture will post 13.87 earnings per share for the current year.
Accenture Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 9th will be paid a dividend of $1.63 per share. The ex-dividend date is Thursday, April 9th. This represents a $6.52 dividend on an annualized basis and a yield of 3.7%. Accenture's dividend payout ratio is 53.40%.
Accenture Company Profile
(
Get Free Report)
Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.
The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.
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