Accenture (NYSE:ACN) had its price target boosted by Pivotal Research from $165.00 to $180.00 in a research note issued on Friday, Marketbeat reports. The firm currently has a “buy” rating on the information technology services provider’s stock. Pivotal Research’s target price would indicate a potential upside of 16.48% from the company’s current price.
Several other equities research analysts have also recently weighed in on ACN. Bank of America upped their target price on Accenture from $150.00 to $171.00 in a report on Friday. SunTrust Banks reiterated a “hold” rating and issued a $164.00 target price on shares of Accenture in a report on Thursday. Cowen reiterated a “buy” rating and issued a $165.00 target price on shares of Accenture in a report on Thursday, December 14th. Cantor Fitzgerald reiterated a “buy” rating and issued a $135.00 target price on shares of Accenture in a report on Thursday, September 28th. Finally, KeyCorp reiterated a “buy” rating and issued a $149.00 target price on shares of Accenture in a report on Thursday, September 28th. 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 issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $152.46.
Accenture (NYSE:ACN) traded up $0.33 on Friday, reaching $154.53. The company had a trading volume of 509,866 shares, compared to its average volume of 2,129,348. Accenture has a one year low of $112.31 and a one year high of $158.44. The stock has a market cap of $100,148.63, a PE ratio of 25.68, a P/E/G ratio of 2.24 and a beta of 1.08.
In related news, CEO Pierre Nanterme sold 38,589 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $135.03, for a total transaction of $5,210,672.67. Following the transaction, the chief executive officer now directly owns 179,083 shares of the company’s stock, valued at approximately $24,181,577.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Johan Deblaere sold 5,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $135.05, for a total value of $675,250.00. Following the transaction, the chief operating officer now directly owns 120,817 shares in the company, valued at $16,316,335.85. The disclosure for this sale can be found here. Insiders have sold a total of 83,325 shares of company stock worth $11,479,125 over the last ninety days. 0.21% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Flagship Harbor Advisors LLC increased its holdings in shares of Accenture by 0.4% in the second 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 period. AlphaMark Advisors LLC increased its holdings in shares of Accenture by 0.9% in the second 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 period. Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Accenture by 1.4% in the second 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 period. Parkside Financial Bank & Trust increased its holdings in shares of Accenture by 5.3% in the second quarter. Parkside Financial Bank & Trust now owns 1,030 shares of the information technology services provider’s stock valued at $127,000 after purchasing an additional 52 shares during the period. Finally, Manchester Capital Management LLC increased its holdings in shares of Accenture by 7.0% in the second quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock valued at $114,000 after purchasing an additional 60 shares during the period. 72.39% of the stock is currently owned by institutional investors.
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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.
