Shares of Accenture Plc (NYSE:ACN) have been assigned a consensus recommendation of “Hold” from the twenty-five ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $155.86.

Several research analysts have recently commented on ACN shares. Robert W. Baird reiterated a “hold” rating and issued a $155.00 price objective on shares of Accenture in a report on Thursday, December 7th. Royal Bank of Canada lifted their price objective on Accenture from $145.00 to $148.00 and gave the stock an “outperform” rating in a report on Friday, September 29th. Pivotal Research set a $180.00 target price on Accenture and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. KeyCorp reissued a “buy” rating and issued a $149.00 target price on shares of Accenture in a research note on Thursday, September 28th. Finally, Societe Generale cut Accenture from a “buy” rating to a “hold” rating and set a $144.00 target price on the stock. in a research note on Thursday, September 28th.

In other news, CAO Richard P. Clark sold 1,433 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $158.37, for a total value of $226,944.21. Following the sale, the chief accounting officer now directly owns 8,932 shares of the company’s stock, valued at approximately $1,414,560.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Pierre Nanterme sold 34,232 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 262,490 shares in the company, valued at $40,145,220.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 82,116 shares of company stock worth $12,211,924. Insiders own 0.21% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Accenture by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 48,468,073 shares of the information technology services provider’s stock worth $5,994,531,000 after purchasing an additional 1,088,676 shares in the last quarter. BlackRock Inc. raised its holdings in Accenture by 3.0% in the 2nd quarter. BlackRock Inc. now owns 40,659,545 shares of the information technology services provider’s stock worth $5,028,772,000 after acquiring an additional 1,196,578 shares during the last quarter. Capital Research Global Investors raised its holdings in Accenture by 2.2% in the 2nd quarter. Capital Research Global Investors now owns 28,501,643 shares of the information technology services provider’s stock worth $3,525,083,000 after acquiring an additional 605,156 shares during the last quarter. Northern Trust Corp raised its holdings in Accenture by 0.8% in the 2nd quarter. Northern Trust Corp now owns 9,476,570 shares of the information technology services provider’s stock worth $1,172,063,000 after acquiring an additional 70,740 shares during the last quarter. Finally, Independent Franchise Partners LLP raised its holdings in Accenture by 3.7% in the 3rd quarter. Independent Franchise Partners LLP now owns 6,293,362 shares of the information technology services provider’s stock worth $850,044,000 after acquiring an additional 222,828 shares during the last quarter. 75.28% of the stock is currently owned by hedge funds and other institutional investors.

Accenture (NYSE ACN) traded up $1.00 on Monday, hitting $160.11. The stock had a trading volume of 2,048,945 shares, compared to its average volume of 2,120,000. The stock has a market capitalization of $102,640.00, a P/E ratio of 28.39, a P/E/G ratio of 2.41 and a beta of 1.08. Accenture has a 1 year low of $112.31 and a 1 year high of $160.63.

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

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About Accenture

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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