Accenture (ACN) Given a $180.00 Price Target by Pivotal Research Analysts

Accenture (NYSE:ACN) has been given a $180.00 target price by equities researchers at Pivotal Research in a research note issued to investors on Wednesday. The firm presently has a “buy” rating on the information technology services provider’s stock. Pivotal Research’s price objective points to a potential upside of 16.47% from the stock’s previous close.

Several other brokerages have also recently issued reports on ACN. Citigroup reiterated a “hold” rating and issued a $159.00 price objective on shares of Accenture in a research note on Friday, December 22nd. SunTrust Banks reiterated a “hold” rating and issued a $164.00 price objective on shares of Accenture in a research note on Thursday, December 21st. Bank of America increased their price objective on Accenture from $150.00 to $171.00 in a research note on Friday, December 22nd. Cantor Fitzgerald restated an “overweight” rating and issued a $180.00 price target (up from $151.00) on shares of Accenture in a research note on Friday, December 22nd. Finally, Barclays raised their price target on Accenture from $135.00 to $152.00 and gave the company an “equal weight” rating in a research note on Friday, December 22nd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Accenture presently has a consensus rating of “Hold” and an average target price of $155.11.

Shares of Accenture (NYSE ACN) traded up $0.71 during midday trading on Wednesday, hitting $154.55. The stock had a trading volume of 2,064,185 shares, compared to its average volume of 1,990,000. The firm has a market capitalization of $99,080.00, a PE ratio of 27.40, a P/E/G ratio of 2.31 and a beta of 1.08. Accenture has a twelve month low of $112.31 and a twelve month high of $158.44.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.12. The business had revenue of $9.52 billion for the quarter, compared to analysts’ expectations of $9.25 billion. Accenture had a return on equity of 41.79% and a net margin of 9.43%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the firm earned $1.58 earnings per share. equities research analysts predict that Accenture will post 6.64 earnings per share for the current year.

In other Accenture news, insider Daniel T. London sold 637 shares of the firm’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $136.03, for a total transaction of $86,651.11. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Pierre Nanterme sold 34,232 shares of the firm’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $152.94, for a total value of $5,235,442.08. Following the transaction, the chief executive officer now directly owns 262,490 shares in the company, valued at approximately $40,145,220.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 79,566 shares of company stock worth $11,793,814. Corporate insiders own 0.21% of the company’s stock.

Several hedge funds have recently modified their holdings of ACN. Whitnell & Co. grew its holdings in shares of Accenture by 5.1% during the second quarter. Whitnell & Co. now owns 13,274 shares of the information technology services provider’s stock worth $1,642,000 after purchasing an additional 650 shares during the last quarter. Papp L Roy & Associates grew its holdings in shares of Accenture by 1.0% during the second quarter. Papp L Roy & Associates now owns 173,258 shares of the information technology services provider’s stock worth $21,429,000 after buying an additional 1,770 shares during the last quarter. Enterprise Financial Services Corp grew its holdings in shares of Accenture by 12.9% during the second quarter. Enterprise Financial Services Corp now owns 2,752 shares of the information technology services provider’s stock worth $340,000 after buying an additional 314 shares during the last quarter. Foster & Motley Inc. grew its holdings in shares of Accenture by 6.5% during the second quarter. Foster & Motley Inc. now owns 37,854 shares of the information technology services provider’s stock worth $4,682,000 after buying an additional 2,323 shares during the last quarter. Finally, Stratos Wealth Partners LTD. grew its holdings in shares of Accenture by 2.3% during the second quarter. Stratos Wealth Partners LTD. now owns 35,664 shares of the information technology services provider’s stock worth $4,411,000 after buying an additional 795 shares during the last quarter. 72.42% 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.

Analyst Recommendations for Accenture (NYSE:ACN)

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