Accenture PLC (NYSE:ACN) – Investment analysts at Wedbush increased their Q1 2018 EPS estimates for shares of Accenture PLC in a report issued on Friday. Wedbush analyst M. Katri now anticipates that the information technology services provider will earn $1.64 per share for the quarter, up from their previous forecast of $1.63.

Accenture PLC (NYSE:ACN) last issued its quarterly earnings data on Thursday, June 22nd. The information technology services provider reported $1.52 EPS for the quarter, hitting 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 business had revenue of $8.87 billion during the quarter, compared to analyst estimates of $8.82 billion. During the same period last year, the business posted $1.41 earnings per share. Accenture PLC’s quarterly revenue was up 5.1% compared to the same quarter last year. ILLEGAL ACTIVITY NOTICE: This piece was published by American Banking News and is owned by of American Banking News. If you are viewing this piece on another site, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be read at https://www.americanbankingnews.com/2017/09/11/q1-2018-eps-estimates-for-accenture-plc-raised-by-wedbush-acn.html.

ACN has been the topic of a number of other reports. BMO Capital Markets restated a “hold” rating and issued a $130.00 target price (up from $125.00) on shares of Accenture PLC in a research note on Thursday, June 22nd. Zacks Investment Research upgraded shares of 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. Wells Fargo & Company restated an “outperform” rating and issued a $138.00 target price (up from $131.50) on shares of Accenture PLC in a research note on Friday, June 16th. SunTrust Banks, Inc. downgraded shares of Accenture PLC from a “buy” rating to a “hold” rating and upped their target price for the stock from $122.15 to $130.00 in a research note on Wednesday, May 24th. Finally, Berenberg Bank set a $140.00 target price on shares of Accenture PLC and gave the stock a “buy” rating in a research note on Saturday, June 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Accenture PLC currently has a consensus rating of “Buy” and an average target price of $131.53.

Shares of Accenture PLC (NYSE:ACN) opened at 133.72 on Monday. The stock has a market capitalization of $82.64 billion, a price-to-earnings ratio of 23.68 and a beta of 1.11. The firm has a 50-day moving average of $129.45 and a 200 day moving average of $124.30. Accenture PLC has a one year low of $108.83 and a one year high of $134.97.

In other Accenture PLC news, insider Richard Lumb sold 2,200 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $129.26, for a total value of $284,372.00. Following the completion of the transaction, the insider now owns 119,013 shares of the company’s stock, valued at $15,383,620.38. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Gianfranco Casati sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $130.00, for a total transaction of $650,000.00. Following the completion of the transaction, the insider now directly owns 56,014 shares of the company’s stock, valued at approximately $7,281,820. The disclosure for this sale can be found here. Insiders have sold 79,817 shares of company stock valued at $9,920,929 in the last three months. 0.21% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Accenture PLC by 2.3% in the second quarter. Vanguard Group Inc. now owns 48,468,073 shares of the information technology services provider’s stock worth $5,994,531,000 after buying an additional 1,088,676 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Accenture PLC by 3.0% in the second quarter. BlackRock Inc. now owns 40,659,545 shares of the information technology services provider’s stock worth $5,028,772,000 after buying an additional 1,196,578 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of Accenture PLC by 2.2% in the second quarter. Capital Research Global Investors now owns 28,501,643 shares of the information technology services provider’s stock worth $3,525,083,000 after buying an additional 605,156 shares during the last quarter. State Street Corp raised its holdings in shares of Accenture PLC by 2.7% in the first quarter. State Street Corp now owns 25,356,641 shares of the information technology services provider’s stock worth $3,039,762,000 after buying an additional 665,860 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Accenture PLC by 8.8% in the first quarter. Wellington Management Group LLP now owns 21,583,126 shares of the information technology services provider’s stock worth $2,587,385,000 after buying an additional 1,738,262 shares during the last quarter. 77.80% of the stock is owned by institutional investors and hedge funds.

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.

Earnings History and Estimates for Accenture PLC (NYSE:ACN)

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