Accenture (NYSE:ACN) had its target price boosted by analysts at Deutsche Bank to $165.00 in a report issued on Monday. Deutsche Bank’s price target would suggest a potential upside of 9.50% from the company’s current price.

Several other research analysts have also recently commented on ACN. Zacks Investment Research raised Accenture from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a research report on Monday, August 28th. Stifel Nicolaus increased their price target on Accenture from $138.00 to $146.00 and gave the company a “buy” rating in a research report on Thursday, September 7th. Bank of America started coverage on Accenture in a research report on Tuesday, September 12th. They set a “buy” rating and a $150.00 price target for the company. Cowen reissued a “buy” rating and set a $150.00 price target (up from $135.00) on shares of Accenture in a research report on Tuesday, September 19th. Finally, Berenberg Bank reissued a “buy” rating and set a $160.00 price target on shares of Accenture in a research report on Thursday, September 21st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $145.77.

Shares of Accenture (NYSE ACN) traded up $0.16 during midday trading on Monday, reaching $150.69. The company had a trading volume of 1,983,301 shares, compared to its average volume of 2,112,111. Accenture has a 1 year low of $112.31 and a 1 year high of $151.14. The firm has a market capitalization of $96,500.00, a PE ratio of 25.47, a PEG ratio of 2.23 and a beta of 1.08.

Accenture (NYSE:ACN) last issued its quarterly earnings results 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 had a return on equity of 42.65% and a net margin of 9.37%. The firm had revenue of $9.15 billion during the quarter, compared to analysts’ expectations of $9.01 billion. During the same period in the prior year, the firm posted $1.31 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. equities analysts forecast that Accenture will post 6.54 earnings per share for the current year.

In other news, COO Johan Deblaere sold 5,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $135.05, for a total transaction of $675,250.00. Following the transaction, the chief operating officer now owns 120,817 shares in the company, valued at $16,316,335.85. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Pierre Nanterme sold 38,589 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 179,083 shares in the company, valued at approximately $24,181,577.49. The disclosure for this sale can be found here. Insiders sold 83,325 shares of company stock worth $11,479,125 in the last 90 days. Corporate insiders own 0.21% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jacobi Capital Management LLC increased its stake in Accenture by 104.8% during the 3rd quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock worth $100,000 after acquiring an additional 372 shares during the period. TCI Wealth Advisors Inc. increased its stake in Accenture by 23.4% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock worth $106,000 after acquiring an additional 162 shares during the period. Manchester Capital Management LLC increased its stake in Accenture by 7.0% during the 2nd quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock worth $114,000 after acquiring an additional 60 shares during the period. Harbour Capital Advisors LLC bought a new position in Accenture during the 1st quarter worth $122,000. Finally, Parkside Financial Bank & Trust increased its stake in Accenture by 5.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,030 shares of the information technology services provider’s stock worth $127,000 after acquiring an additional 52 shares during the period. Institutional investors own 72.51% of the company’s stock.

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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.

Analyst Recommendations for Accenture (NYSE:ACN)

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