Accenture PLC (NYSE:ACN) has been assigned a $150.00 price objective by equities researchers at Cowen and Company in a research note issued on Monday. The firm currently has a “buy” rating on the information technology services provider’s stock. Cowen and Company’s price objective would indicate a potential upside of 7.66% from the stock’s previous close.

ACN has been the subject of a number of other research reports. Zacks Investment Research raised shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Monday, August 28th. Berenberg Bank reissued a “buy” rating and set a $160.00 target price on shares of Accenture PLC in a research note on Thursday, September 21st. SunTrust Banks, Inc. set a $130.00 target price on shares of Accenture PLC and gave the stock a “hold” rating in a research note on Sunday, October 1st. Robert W. Baird boosted their target price on shares of Accenture PLC from $148.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, September 28th. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $135.00 target price on shares of Accenture PLC in a research note on Thursday, September 28th. One analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $141.84.

Shares of Accenture PLC (NYSE:ACN) traded down 0.30% on Monday, hitting $138.91. The stock had a trading volume of 796,070 shares. The firm has a market cap of $85.78 billion, a P/E ratio of 25.53 and a beta of 1.08. The firm’s 50-day moving average price is $136.44 and its 200 day moving average price is $127.63. Accenture PLC has a 12 month low of $112.31 and a 12 month high of $140.17.

Accenture PLC (NYSE:ACN) last released its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. The business had revenue of $9.15 billion during the quarter, compared to analysts’ expectations of $9.01 billion. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.31 earnings per share. Analysts anticipate that Accenture PLC will post $6.56 EPS for the current fiscal year.

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In other Accenture PLC news, insider Richard Lumb sold 2,200 shares of the stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $138.94, for a total transaction of $305,668.00. Following the sale, the insider now directly owns 117,151 shares in the company, valued at approximately $16,276,959.94. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Daniel T. London sold 637 shares of the stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $136.03, for a total transaction of $86,651.11. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 59,528 shares of company stock worth $8,009,664. 0.21% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in the business. Flagship Harbor Advisors LLC increased its position in shares of Accenture PLC by 0.4% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 2,917 shares of the information technology services provider’s stock valued at $362,000 after purchasing an additional 12 shares during the last quarter. Glenview Trust Co increased its position in shares of Accenture PLC by 0.3% in the 1st quarter. Glenview Trust Co now owns 4,935 shares of the information technology services provider’s stock valued at $591,000 after purchasing an additional 15 shares during the last quarter. AlphaMark Advisors LLC increased its position in shares of Accenture PLC by 0.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 2,319 shares of the information technology services provider’s stock valued at $287,000 after purchasing an additional 20 shares during the last quarter. Fort Washington Investment Advisors Inc. OH increased its position in shares of Accenture PLC by 1.4% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,801 shares of the information technology services provider’s stock valued at $223,000 after purchasing an additional 24 shares during the last quarter. Finally, Bank of The Ozarks increased its position in shares of Accenture PLC by 0.7% in the 1st quarter. Bank of The Ozarks now owns 3,490 shares of the information technology services provider’s stock valued at $418,000 after purchasing an additional 25 shares during the last quarter. 77.68% of the stock is currently owned by institutional investors.

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)

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