Accenture PLC (NYSE:ACN) has been assigned a $132.00 target price by Morgan Stanley in a report issued on Friday. The firm currently has a “hold” rating on the information technology services provider’s stock. Morgan Stanley’s price target would indicate a potential upside of 3.48% from the stock’s current price.

Several other brokerages have also weighed in on ACN. BMO Capital Markets reissued a “hold” rating and set a $123.00 price objective on shares of Accenture PLC in a report on Thursday, March 23rd. Deutsche Bank AG raised their price objective on shares of Accenture PLC from $127.00 to $133.00 and gave the stock a “buy” rating in a report on Friday, March 24th. Zacks Investment Research raised shares of Accenture PLC from a “sell” rating to a “hold” rating in a report on Tuesday, March 14th. Robert W. Baird reissued a “neutral” rating and set a $138.00 price objective (up from $132.00) on shares of Accenture PLC in a report on Wednesday, June 14th. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $135.00 price objective on shares of Accenture PLC in a report on Monday, May 29th. Two research analysts have 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 stock. Accenture PLC currently has an average rating of “Buy” and a consensus price target of $129.61.

Analyst Recommendations for Accenture PLC (NYSE:ACN)

Shares of Accenture PLC (ACN) traded up 0.01% during trading on Friday, hitting $127.57. 1,015,042 shares of the company were exchanged. The stock has a market cap of $79.10 billion, a P/E ratio of 21.25 and a beta of 1.11. Accenture PLC has a 12 month low of $108.66 and a 12 month high of $128.47. The company’s 50-day moving average price is $123.34 and its 200 day moving average price is $120.32.

Accenture PLC (NYSE:ACN) last announced its quarterly earnings data on Thursday, March 23rd. The information technology services provider reported $1.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.03. The company had revenue of $8.32 billion during the quarter, compared to analyst estimates of $8.34 billion. Accenture PLC had a net margin of 10.67% and a return on equity of 44.51%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the business earned $1.34 EPS. On average, equities analysts predict that Accenture PLC will post $5.86 earnings per share for the current fiscal year.

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In other Accenture PLC news, insider Richard Lumb sold 2,200 shares of the business’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $121.06, for a total transaction of $266,332.00. Following the sale, the insider now directly owns 121,710 shares in the company, valued at approximately $14,734,212.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert E. Sell sold 2,222 shares of the business’s stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $119.97, for a total transaction of $266,573.34. Following the sale, the insider now owns 44,423 shares in the company, valued at $5,329,427.31. The disclosure for this sale can be found here. Insiders have sold a total of 82,626 shares of company stock worth $9,919,492 over the last 90 days. 0.21% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. Ropes Wealth Advisors LLC increased its stake in Accenture PLC by 0.5% in the first quarter. Ropes Wealth Advisors LLC now owns 1,412 shares of the information technology services provider’s stock worth $169,000 after buying an additional 7 shares during the period. Farmers & Merchants Investments Inc. increased its stake in Accenture PLC by 1.3% in the first quarter. Farmers & Merchants Investments Inc. now owns 865 shares of the information technology services provider’s stock worth $104,000 after buying an additional 11 shares during the period. Blue Fin Capital Inc. increased its stake in Accenture PLC by 0.3% in the first quarter. Blue Fin Capital Inc. now owns 4,400 shares of the information technology services provider’s stock worth $527,000 after buying an additional 12 shares during the period. Glenview Trust Co increased its stake in Accenture PLC by 0.3% in the first quarter. Glenview Trust Co now owns 4,935 shares of the information technology services provider’s stock worth $591,000 after buying an additional 15 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in Accenture PLC by 2.0% in the first quarter. Parkside Financial Bank & Trust now owns 978 shares of the information technology services provider’s stock worth $117,000 after buying an additional 19 shares during the period. Institutional investors own 78.57% of the company’s stock.

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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