Accenture (NYSE:ACN) had its target price upped by research analysts at Barclays from $135.00 to $152.00 in a research report issued to clients and investors on Saturday. The firm currently has an “equal weight” rating on the information technology services provider’s stock. Barclays’ price target would indicate a potential downside of 0.71% from the company’s current price.
Other equities research analysts also recently issued reports about the stock. Deutsche Bank boosted their price target on shares of Accenture to $165.00 in a research note on Monday, December 11th. Bank of America boosted their price target on shares of Accenture from $150.00 to $171.00 in a report on Friday, December 22nd. Stifel Nicolaus boosted their price target on shares of Accenture from $138.00 to $146.00 and gave the stock a “buy” rating in a report on Thursday, September 7th. Zacks Investment Research upgraded shares of Accenture from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a report on Wednesday, September 6th. Finally, KeyCorp reiterated a “buy” rating and set a $135.00 price target on shares of Accenture in a report on Friday, September 22nd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $153.40.
Accenture (NYSE ACN) opened at $153.09 on Friday. Accenture has a 52 week low of $112.31 and a 52 week high of $158.44. The company has a market cap of $101,349.76, a PE ratio of 27.10, a price-to-earnings-growth ratio of 2.31 and a beta of 1.08.
In other news, CEO Pierre Nanterme sold 38,589 shares of the stock in a transaction dated Monday, October 2nd. The shares were 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 in the company, valued at approximately $24,181,577.49. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Daniel T. London sold 637 shares of the 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 122,557 shares of company stock worth $17,479,167. Insiders own 0.21% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Janus Henderson Group PLC grew its position in shares of Accenture by 2,531.4% during the second quarter. Janus Henderson Group PLC now owns 2,520,680 shares of the information technology services provider’s stock worth $311,760,000 after buying an additional 2,424,888 shares in the last quarter. Capital International Investors boosted its holdings in shares of Accenture by 89.1% during the third quarter. Capital International Investors now owns 4,670,977 shares of the information technology services provider’s stock valued at $630,909,000 after acquiring an additional 2,200,243 shares during the period. BT Investment Management Ltd acquired a new position in shares of Accenture during the second quarter valued at $220,158,000. BlackRock Inc. boosted its holdings in shares of Accenture by 3.0% during the second quarter. BlackRock Inc. now owns 40,659,545 shares of the information technology services provider’s stock valued at $5,028,772,000 after acquiring an additional 1,196,578 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Accenture by 2.3% during the second quarter. Vanguard Group Inc. now owns 48,468,073 shares of the information technology services provider’s stock valued at $5,994,531,000 after purchasing an additional 1,088,676 shares in the last quarter. Institutional investors own 72.42% of the company’s stock.
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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.
