Accenture (NYSE:ACN) has been given a $180.00 price objective by equities research analysts at Pivotal Research in a note issued to investors on Thursday. The brokerage presently has a “buy” rating on the information technology services provider’s stock. Pivotal Research’s price objective points to a potential upside of 17.21% from the stock’s previous close.
A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research raised shares of Accenture from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a report on Wednesday, September 6th. Stifel Nicolaus upped their price objective on shares of Accenture from $138.00 to $146.00 and gave the company a “buy” rating in a research note on Thursday, September 7th. KeyCorp reaffirmed a “buy” rating and issued a $149.00 price objective on shares of Accenture in a research note on Sunday, October 29th. Deutsche Bank upped their price objective on shares of Accenture to $165.00 in a research note on Monday, December 11th. Finally, Cowen set a $150.00 price objective on shares of Accenture and gave the company a “buy” rating in a research note on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $153.40.
Shares of Accenture (NYSE:ACN) traded up $0.25 during trading on Thursday, hitting $153.57. 1,124,200 shares of the company traded hands, compared to its average volume of 2,119,869. The company has a market cap of $98,550.00, a price-to-earnings ratio of 27.23, a PEG ratio of 2.31 and a beta of 1.08. Accenture has a 12 month low of $112.31 and a 12 month high of $158.44.
In other Accenture news, insider Richard P. Clark sold 3,155 shares of the company’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $143.01, for a total transaction of $451,196.55. Following the transaction, the insider now owns 5,533 shares in the company, valued at $791,274.33. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Pierre Nanterme sold 34,232 shares of the company’s stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $152.94, for a total transaction of $5,235,442.08. Following the transaction, the chief executive officer now owns 262,490 shares in the company, valued at approximately $40,145,220.60. The disclosure for this sale can be found here. Insiders have sold a total of 122,557 shares of company stock worth $17,479,167 in the last quarter. 0.21% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of ACN. Jacobi Capital Management LLC grew its stake in shares of Accenture by 104.8% in 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 in the last quarter. TCI Wealth Advisors Inc. grew its position in Accenture by 23.4% during the second quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock valued at $106,000 after buying an additional 162 shares during the period. Manchester Capital Management LLC grew its position in Accenture by 7.0% during the second quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock valued at $114,000 after buying an additional 60 shares during the period. Captrust Financial Advisors bought a new position in Accenture during the second quarter valued at about $129,000. Finally, Monroe Bank & Trust MI grew its position in Accenture by 37.3% during the second quarter. Monroe Bank & Trust MI now owns 1,288 shares of the information technology services provider’s stock valued at $159,000 after buying an additional 350 shares during the period. Hedge funds and other institutional investors own 72.42% 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.
