Accenture PLC (NYSE:ACN)‘s stock had its “buy” rating reiterated by research analysts at Cowen and Company in a research report issued to clients and investors on Tuesday. They currently have a $150.00 price target on the information technology services provider’s stock. Cowen and Company’s price objective indicates a potential upside of 9.72% from the stock’s previous close.

ACN has been the subject of several other research reports. Zacks Investment Research downgraded Accenture PLC from a “buy” rating to a “hold” rating in a research note on Tuesday. Bank of America Corporation started coverage on Accenture PLC in a research note on Tuesday, September 12th. They issued a “buy” rating and a $150.00 target price for the company. Stifel Nicolaus raised their target price on Accenture PLC from $138.00 to $146.00 and gave the stock a “buy” rating in a research note on Thursday, September 7th. BidaskClub downgraded Accenture PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Finally, Morgan Stanley set a $132.00 target price on Accenture PLC and gave the stock a “hold” rating in a research note on Friday, June 16th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Accenture PLC presently has an average rating of “Buy” and a consensus target price of $133.25.

Accenture PLC (NYSE:ACN) traded down 0.17% during midday trading on Tuesday, reaching $136.71. 2,363,251 shares of the company traded hands. The firm has a market capitalization of $84.48 billion, a price-to-earnings ratio of 24.21 and a beta of 1.11. The firm has a 50-day moving average price of $130.66 and a 200-day moving average price of $124.88. Accenture PLC has a one year low of $109.50 and a one year high of $137.79.

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

WARNING: “Accenture PLC’s (ACN) “Buy” Rating Reiterated at Cowen and Company” was published by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/09/19/accenture-plcs-acn-buy-rating-reiterated-at-cowen-and-company.html.

In related news, insider Richard Lumb sold 2,200 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $129.26, for a total value of $284,372.00. Following the completion of the sale, the insider now owns 119,013 shares in the company, valued at approximately $15,383,620.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gianfranco Casati sold 6,836 shares of the business’s 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 owns 61,714 shares of the company’s stock, valued at approximately $7,588,970.58. The disclosure for this sale can be found here. Insiders sold a total of 79,817 shares of company stock valued at $9,920,929 in the last 90 days. 0.21% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the business. TCI Wealth Advisors Inc. increased its stake 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 worth $106,000 after purchasing an additional 162 shares during the period. Bellwether Investment Group LLC increased its stake 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 worth $110,000 after purchasing an additional 359 shares during the period. Manchester Capital Management LLC increased its stake 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 worth $114,000 after purchasing an additional 60 shares during the period. Parkside Financial Bank & Trust increased its stake 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 worth $117,000 after purchasing an additional 19 shares during the period. Finally, Opera Trading Capital purchased a new position in Accenture PLC in the 1st quarter worth approximately $119,000. 77.73% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Accenture PLC (NYSE:ACN)

Receive News & Ratings for Accenture PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture PLC and related companies with MarketBeat.com's FREE daily email newsletter.