Accenture PLC (NYSE:ACN)‘s stock had its “buy” rating reiterated by Stifel Nicolaus in a research note issued on Friday. They currently have a $150.00 price objective on the information technology services provider’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 4.14% from the company’s current price.

ACN has been the subject of several other reports. Zacks Investment Research upgraded shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research note on Monday, August 28th. Berenberg Bank reiterated a “buy” rating and issued a $160.00 target price on shares of Accenture PLC in a research note on Thursday, September 21st. Cowen and Company set a $150.00 target price on shares of Accenture PLC and gave the company a “buy” rating in a research note on Monday, October 23rd. SunTrust Banks, Inc. set a $130.00 target price on shares of Accenture PLC and gave the company a “hold” rating in a research note on Sunday, October 1st. Finally, Robert W. Baird boosted their target price on shares of Accenture PLC from $148.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, September 28th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Accenture PLC has a consensus rating of “Buy” and an average price target of $141.84.

Shares of Accenture PLC (NYSE ACN) traded up $1.08 during midday trading on Friday, reaching $144.04. 1,336,018 shares of the company’s stock traded hands, compared to its average volume of 1,800,940. Accenture PLC has a twelve month low of $112.31 and a twelve month high of $144.69. The firm has a market cap of $88,543.98, a PE ratio of 24.37, a price-to-earnings-growth ratio of 2.13 and a beta of 1.08.

Accenture PLC (NYSE:ACN) last announced its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.47 by $0.01. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. The business had revenue of $9.15 billion during the quarter, compared to analysts’ expectations of $9.01 billion. During the same period in the previous year, the business posted $1.31 EPS. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. sell-side analysts forecast that Accenture PLC will post 6.54 earnings per share for the current year.

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In other Accenture PLC news, insider Gianfranco Casati sold 20,380 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $142.72, for a total value of $2,908,633.60. Following the transaction, the insider now owns 51,014 shares of the company’s stock, valued at $7,280,718.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Richard P. Clark sold 3,155 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $143.01, for a total transaction of $451,196.55. Following the completion of the transaction, the insider now directly owns 5,533 shares in the company, valued at approximately $791,274.33. The disclosure for this sale can be found here. Insiders sold 85,525 shares of company stock worth $11,763,497 in the last ninety days. 0.21% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of ACN. Jacobi Capital Management LLC lifted its position in shares of Accenture PLC by 104.8% during the third quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock worth $100,000 after purchasing an additional 372 shares in the last quarter. TCI Wealth Advisors Inc. lifted its position in shares of Accenture PLC by 23.4% during the second 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 in the last quarter. Bellwether Investment Group LLC lifted its position in shares of Accenture PLC by 64.2% during the first 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 in the last quarter. Manchester Capital Management LLC lifted its position in shares of Accenture PLC by 7.0% during the second 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 in the last quarter. Finally, Harbour Capital Advisors LLC acquired a new stake in shares of Accenture PLC during the first quarter worth about $122,000. 77.82% of the stock is currently 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.

Analyst Recommendations for Accenture PLC (NYSE:ACN)

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