Accenture PLC (NYSE:ACN) – Equities research analysts at Jefferies Group increased their Q3 2018 earnings estimates for shares of Accenture PLC in a report released on Tuesday. Jefferies Group analyst J. Kupferberg now forecasts that the firm will post earnings of $1.72 per share for the quarter, up from their prior estimate of $1.71.

Several other analysts have also weighed in on the company. Morgan Stanley reissued a “hold” rating and issued a $120.00 price objective on shares of Accenture PLC in a report on Wednesday. Robert W. Baird reissued a “neutral” rating and issued a $125.00 price objective on shares of Accenture PLC in a report on Friday, September 16th. Zacks Investment Research lowered Accenture PLC from a “hold” rating to a “sell” rating in a report on Wednesday, September 14th. Wedbush began coverage on Accenture PLC in a report on Thursday, September 8th. They issued an “outperform” rating and a $125.00 price objective for the company. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $132.00 price objective on shares of Accenture PLC in a report on Wednesday, September 7th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Accenture PLC presently has a consensus rating of “Buy” and an average target price of $120.92.

Accenture PLC (NYSE:ACN) traded up 0.90% during mid-day trading on Wednesday, hitting $111.70. The stock had a trading volume of 2,431,908 shares. Accenture PLC has a 12-month low of $91.40 and a 12-month high of $120.78. The stock has a market cap of $69.54 billion, a price-to-earnings ratio of 18.88 and a beta of 1.17. The company has a 50-day moving average of $113.25 and a 200-day moving average of $114.02.

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Accenture PLC (NYSE:ACN) last posted its quarterly earnings results on Thursday, June 23rd. The company reported $1.41 EPS for the quarter, meeting the consensus estimate of $1.41. The business earned $8.43 billion during the quarter. Accenture PLC had a return on equity of 47.61% and a net margin of 11.24%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.30 earnings per share.

In other news, CEO Pierre Nanterme sold 46,739 shares of the company’s stock in a transaction on Wednesday, June 29th. The shares were sold at an average price of $111.32, for a total value of $5,202,985.48. Following the transaction, the chief executive officer now directly owns 207,240 shares of the company’s stock, valued at $23,069,956.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard Lumb sold 1,250 shares of the company’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $113.12, for a total transaction of $141,400.00. Following the completion of the transaction, the insider now directly owns 125,647 shares in the company, valued at $14,213,188.64. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the company. Cribstone Capital Management LLC acquired a new position in Accenture PLC during the second quarter valued at approximately $104,000. Exane Derivatives increased its position in Accenture PLC by 92.0% in the second quarter. Exane Derivatives now owns 954 shares of the company’s stock valued at $108,000 after buying an additional 457 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in Accenture PLC by 1,091.0% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,060 shares of the company’s stock valued at $120,000 after buying an additional 971 shares during the last quarter. Tanaka Capital Management Inc. increased its position in Accenture PLC by 314.8% in the second quarter. Tanaka Capital Management Inc. now owns 1,120 shares of the company’s stock valued at $127,000 after buying an additional 850 shares during the last quarter. Finally, Joel Isaacson & Co. LLC increased its position in Accenture PLC by 18.0% in the second quarter. Joel Isaacson & Co. LLC now owns 1,215 shares of the company’s stock valued at $138,000 after buying an additional 185 shares during the last quarter. 77.18% of the stock is currently owned by institutional investors and hedge funds.

Accenture PLC Company Profile

Accenture plc is engaged in providing management consulting, technology and outsourcing services. The Company’s business is structured around five operating groups, which together consists of 19 industry groups serving clients in industries globally. The Company’s segment includes Communications, Media & Technology, Financial Services, Health & Public Service, Products and Resources.

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