Accenture PLC (NYSE:ACN) has been given a consensus rating of “Buy” by the twenty-six research firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, fourteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $130.51.

Several equities research analysts recently commented on ACN shares. BidaskClub lowered Accenture PLC from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Morgan Stanley set a $132.00 target price on Accenture PLC and gave the company a “hold” rating in a research report on Friday, June 16th. Robert W. Baird restated a “neutral” rating and set a $138.00 target price (up previously from $132.00) on shares of Accenture PLC in a research report on Wednesday, June 14th. Cowen and Company upped their target price on Accenture PLC from $131.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, June 28th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $135.00 target price on shares of Accenture PLC in a research report on Monday, May 29th.

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Shares of Accenture PLC (NYSE ACN) traded down 0.12% during trading on Friday, reaching $127.44. The company’s stock had a trading volume of 1,263,534 shares. The company’s 50 day moving average price is $127.52 and its 200 day moving average price is $122.97. The firm has a market cap of $78.76 billion, a PE ratio of 22.57 and a beta of 1.11. Accenture PLC has a 12 month low of $108.83 and a 12 month high of $130.67.

Accenture PLC (NYSE:ACN) last released its quarterly earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 EPS for the quarter, meeting analysts’ consensus estimates of $1.52. Accenture PLC had a return on equity of 43.96% and a net margin of 9.92%. The firm had revenue of $8.87 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same quarter in the previous year, the company posted $1.41 EPS. The business’s revenue was up 5.1% on a year-over-year basis. On average, equities analysts predict that Accenture PLC will post $5.90 earnings per share for the current year.

In other news, insider Julie Spellman Sweet sold 1,974 shares of the stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $128.68, for a total value of $254,014.32. Following the completion of the sale, the insider now directly owns 14,082 shares of the company’s stock, valued at $1,812,071.76. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Gianfranco Casati sold 6,836 shares of the stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $122.97, for a total value of $840,622.92. Following the completion of the sale, the insider now directly owns 61,714 shares of the company’s stock, valued at $7,588,970.58. The disclosure for this sale can be found here. Over the last three months, insiders sold 79,817 shares of company stock valued at $9,920,929. Company insiders own 0.21% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Waldron LP increased its stake in shares of Accenture PLC by 93.3% in the first quarter. Waldron LP now owns 5,709 shares of the information technology services provider’s stock valued at $684,000 after buying an additional 2,756 shares during the period. William Blair Investment Management LLC increased its stake in shares of Accenture PLC by 8.8% in the first quarter. William Blair Investment Management LLC now owns 641,952 shares of the information technology services provider’s stock valued at $76,957,000 after buying an additional 51,674 shares during the period. Hermes Investment Management Ltd. increased its stake in shares of Accenture PLC by 4.3% in the first quarter. Hermes Investment Management Ltd. now owns 478,527 shares of the information technology services provider’s stock valued at $57,366,000 after buying an additional 19,687 shares during the period. Novare Capital Management LLC increased its stake in shares of Accenture PLC by 8.1% in the first quarter. Novare Capital Management LLC now owns 39,548 shares of the information technology services provider’s stock valued at $4,741,000 after buying an additional 2,950 shares during the period. Finally, Ferguson Wellman Capital Management Inc. increased its stake in shares of Accenture PLC by 9.3% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 2,269 shares of the information technology services provider’s stock valued at $272,000 after buying an additional 193 shares during the period. 76.88% of the stock is owned by hedge funds and other institutional investors.

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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