Accenture PLC (NYSE:ACN) had its price objective boosted by research analysts at Stifel Nicolaus from $138.00 to $146.00 in a report issued on Thursday, Marketbeat reports. The brokerage presently has a “buy” rating on the information technology services provider’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 11.35% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $135.00 target price on shares of Accenture PLC in a research note on Monday, May 29th. Berenberg Bank set a $140.00 target price on Accenture PLC and gave the company a “buy” rating in a research note on Saturday, June 24th. Zacks Investment Research raised Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research note on Monday, August 28th. BidaskClub lowered Accenture PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $135.00 target price on shares of Accenture PLC in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $131.53.

Shares of Accenture PLC (NYSE:ACN) traded up 2.54% during mid-day trading on Thursday, hitting $134.45. 1,048,269 shares of the stock traded hands. The firm has a market capitalization of $83.09 billion, a P/E ratio of 23.81 and a beta of 1.11. Accenture PLC has a one year low of $108.83 and a one year high of $134.81. The company’s 50 day moving average is $129.12 and its 200 day moving average is $124.16.

Accenture PLC (NYSE:ACN) last posted its earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 earnings per share (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 prior year, the company earned $1.41 EPS. Accenture PLC’s revenue was up 5.1% on a year-over-year basis. On average, equities analysts expect that Accenture PLC will post $5.90 EPS for the current fiscal year.

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In related news, General Counsel Chad T. Jerdee sold 3,200 shares of the stock in a transaction on Monday, June 26th. The stock was sold at an average price of $122.97, for a total value of $393,504.00. Following the completion of the sale, the general counsel now directly owns 18,566 shares in the company, valued at approximately $2,283,061.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Johan Deblaere sold 5,000 shares of the stock in a transaction on Monday, June 26th. The shares were sold at an average price of $122.99, for a total value of $614,950.00. Following the completion of the sale, the chief operating officer now owns 126,417 shares of the company’s stock, valued at $15,548,026.83. The disclosure for this sale can be found here. Over the last quarter, insiders sold 79,817 shares of company stock valued at $9,920,929. 0.21% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Coconut Grove Bank increased its holdings in Accenture PLC by 75.7% in the 1st quarter. Coconut Grove Bank now owns 845 shares of the information technology services provider’s stock valued at $101,000 after purchasing an additional 364 shares in the last quarter. TCI Wealth Advisors Inc. increased its holdings in Accenture PLC by 23.4% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock valued at $106,000 after purchasing an additional 162 shares in the last quarter. Bellwether Investment Group LLC increased its holdings in Accenture PLC by 64.2% in the 1st quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock valued at $110,000 after purchasing an additional 359 shares in the last quarter. Manchester Capital Management LLC increased its holdings in Accenture PLC by 7.0% in the 2nd quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock valued at $114,000 after purchasing an additional 60 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in Accenture PLC by 2.0% in the 1st quarter. Parkside Financial Bank & Trust now owns 978 shares of the information technology services provider’s stock valued at $117,000 after purchasing an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 77.80% of the company’s stock.

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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