Accenture (NYSE:ACN) had its price target upped by Bank of America from $150.00 to $171.00 in a research note issued to investors on Friday. Bank of America’s price target suggests a potential upside of 10.89% from the stock’s current price.
Other research analysts also recently issued research reports about the company. SunTrust Banks restated a “hold” rating and set a $164.00 price target on shares of Accenture in a report on Thursday. Berenberg Bank restated a “buy” rating and set a $160.00 price target on shares of Accenture in a report on Thursday, September 21st. Cowen restated a “buy” rating and set a $150.00 price target (up previously from $135.00) on shares of Accenture in a report on Tuesday, September 19th. Societe Generale downgraded Accenture from a “buy” rating to a “hold” rating and set a $144.00 price target on the stock. in a report on Thursday, September 28th. Finally, Susquehanna Bancshares restated a “neutral” rating and set a $144.00 price target on shares of Accenture in a report on Tuesday, October 3rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Accenture presently has a consensus rating of “Buy” and an average target price of $152.46.
Shares of Accenture (ACN) traded up $2.45 during trading hours on Friday, reaching $154.20. The company had a trading volume of 4,563,500 shares, compared to its average volume of 2,129,348. Accenture has a 52 week low of $112.31 and a 52 week high of $158.44. The stock has a market cap of $100,148.63, a P/E ratio of 25.68, a PEG 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 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 sale, the chief executive officer now owns 179,083 shares in the company, valued at approximately $24,181,577.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard P. Clark sold 3,155 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $143.01, for a total value of $451,196.55. Following the completion of the sale, the insider now owns 5,533 shares in the company, valued at approximately $791,274.33. 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 in the last quarter. Company insiders own 0.21% of the company’s stock.
Several institutional investors have recently bought and sold shares of the stock. Atlantic Trust Group LLC lifted its position in Accenture by 14.8% in the 3rd quarter. Atlantic Trust Group LLC now owns 179,256 shares of the information technology services provider’s stock valued at $24,213,000 after acquiring an additional 23,141 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in Accenture by 9.4% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,466,760 shares of the information technology services provider’s stock valued at $198,115,000 after acquiring an additional 125,739 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in Accenture by 1,074.2% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 11,084 shares of the information technology services provider’s stock valued at $1,497,000 after acquiring an additional 10,140 shares in the last quarter. GSA Capital Partners LLP bought a new position in Accenture in the 3rd quarter valued at approximately $1,560,000. Finally, Americafirst Capital Management LLC bought a new position in Accenture in the 3rd quarter valued at approximately $187,000. Institutional investors own 72.39% of the company’s stock.
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.
