Shares of Accenture PLC (NYSE:ACN) have earned an average rating of “Buy” from the twenty-five research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $130.51.

ACN has been the topic of a number of recent analyst reports. Berenberg Bank set a $140.00 price target on shares of Accenture PLC and gave the company a “buy” rating in a report on Saturday, June 24th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $135.00 price target on shares of Accenture PLC in a report on Monday, May 29th. SunTrust Banks, Inc. downgraded shares of Accenture PLC from a “buy” rating to a “hold” rating and raised their price target for the company from $122.15 to $130.00 in a report on Wednesday, May 24th. BMO Capital Markets reaffirmed a “hold” rating and set a $130.00 price target (up previously from $125.00) on shares of Accenture PLC in a report on Thursday, June 22nd. Finally, Morgan Stanley set a $132.00 price target on shares of Accenture PLC and gave the company a “hold” rating in a report on Friday, June 16th.

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In other news, insider Julie Spellman Sweet sold 1,974 shares of Accenture PLC stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $128.68, for a total transaction of $254,014.32. Following the sale, the insider now owns 14,082 shares in the company, valued at $1,812,071.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Richard Lumb sold 2,200 shares of Accenture PLC stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $127.51, for a total transaction of $280,522.00. Following the sale, the insider now owns 119,942 shares in the company, valued at approximately $15,293,804.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 74,431 shares of company stock worth $9,165,642. 0.21% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in the stock. Wealthfront Inc. boosted its stake in Accenture PLC by 25.0% in the fourth quarter. Wealthfront Inc. now owns 18,237 shares of the information technology services provider’s stock valued at $2,136,000 after buying an additional 3,647 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in Accenture PLC by 0.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 3,645,348 shares of the information technology services provider’s stock valued at $426,979,000 after buying an additional 25,957 shares during the last quarter. Perigon Wealth Management LLC boosted its stake in Accenture PLC by 127.6% in the fourth quarter. Perigon Wealth Management LLC now owns 10,499 shares of the information technology services provider’s stock valued at $1,298,000 after buying an additional 5,887 shares during the last quarter. M Holdings Securities Inc. boosted its stake in Accenture PLC by 4.1% in the fourth quarter. M Holdings Securities Inc. now owns 8,686 shares of the information technology services provider’s stock valued at $1,017,000 after buying an additional 339 shares during the last quarter. Finally, Pegasus Partners Ltd. boosted its stake in Accenture PLC by 82.4% in the fourth quarter. Pegasus Partners Ltd. now owns 14,622 shares of the information technology services provider’s stock valued at $1,713,000 after buying an additional 6,607 shares during the last quarter. Hedge funds and other institutional investors own 77.43% of the company’s stock.

Shares of Accenture PLC (NYSE:ACN) traded down 0.65% during mid-day trading on Monday, reaching $128.01. 1,763,242 shares of the company’s stock traded hands. Accenture PLC has a 12-month low of $108.83 and a 12-month high of $128.96. The firm’s 50 day moving average price is $125.43 and its 200-day moving average price is $121.08. The stock has a market cap of $79.11 billion, a price-to-earnings ratio of 22.67 and a beta of 1.11.

Accenture PLC (NYSE:ACN) last announced its quarterly earnings data on Thursday, June 22nd. The information technology services provider reported $1.52 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.52. Accenture PLC had a net margin of 9.92% and a return on equity of 43.96%. The company had revenue of $8.87 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same period in the prior year, the firm posted $1.41 EPS. Accenture PLC’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities research analysts forecast that Accenture PLC will post $5.90 earnings per share for the current year.

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.

Analyst Recommendations for Accenture PLC (NYSE:ACN)

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