Accenture’s (ACN) Hold Rating Reiterated at Robert W. Baird
Accenture (NYSE:ACN)‘s stock had its “hold” rating reaffirmed by stock analysts at Robert W. Baird in a research note issued on Thursday. They currently have a $155.00 price target on the information technology services provider’s stock. Robert W. Baird’s price objective would indicate a potential upside of 4.54% from the company’s previous close.
Other analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Accenture from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research report on Monday, August 28th. Berenberg Bank reiterated a “buy” rating and issued a $160.00 price target on shares of Accenture in a research report on Thursday, September 21st. Cowen set a $150.00 price target on shares of Accenture and gave the company a “buy” rating in a research report on Monday, October 23rd. Stifel Nicolaus reiterated a “buy” rating and issued a $150.00 price target on shares of Accenture in a research report on Friday, November 3rd. Finally, SunTrust Banks set a $130.00 target price on shares of Accenture and gave the stock a “hold” rating in a report on Sunday, October 1st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $144.38.
Shares of Accenture (ACN) opened at $148.27 on Thursday. Accenture has a fifty-two week low of $112.31 and a fifty-two week high of $148.60. The firm has a market cap of $97,456.00, a PE ratio of 24.99, a PEG ratio of 2.19 and a beta of 1.08.
In other Accenture news, CEO Pierre Nanterme sold 38,589 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $135.03, for a total value of $5,210,672.67. Following the sale, the chief executive officer now owns 179,083 shares of the company’s stock, valued at approximately $24,181,577.49. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Gianfranco Casati sold 20,380 shares of the firm’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 completion of the sale, the insider now directly owns 51,014 shares in the company, valued at approximately $7,280,718.08. The disclosure for this sale can be found here. Insiders sold a total of 83,325 shares of company stock valued at $11,479,125 in the last 90 days. Corporate insiders own 0.21% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in ACN. Keel Point LLC grew its position in Accenture by 25.5% during the 1st quarter. Keel Point LLC now owns 7,525 shares of the information technology services provider’s stock worth $902,000 after acquiring an additional 1,530 shares during the last quarter. Two Sigma Securities LLC bought a new stake in shares of Accenture in the 1st quarter worth approximately $310,000. State Street Corp grew its position in shares of Accenture by 2.7% in the 1st 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. Level Four Advisory Services LLC grew its position in shares of Accenture by 10.5% in the 1st quarter. Level Four Advisory Services LLC now owns 2,178 shares of the information technology services provider’s stock worth $257,000 after buying an additional 207 shares during the last quarter. Finally, Signaturefd LLC grew its position in shares of Accenture by 8.6% in the 1st quarter. Signaturefd LLC now owns 4,226 shares of the information technology services provider’s stock worth $507,000 after buying an additional 333 shares during the last quarter. 72.51% of the stock is currently owned by institutional investors.
Accenture 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.
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