Accenture (NYSE:ACN) had its price objective lifted by investment analysts at KeyCorp from $157.00 to $172.00 in a research report issued to clients and investors on Saturday. The firm currently has an “overweight” rating on the information technology services provider’s stock. KeyCorp’s price target suggests a potential upside of 12.35% from the company’s previous close.
Several other equities analysts have also issued reports on ACN. Zacks Investment Research lowered shares of Accenture from a “buy” rating to a “hold” rating in a report on Friday. Barclays lifted their target price on shares of Accenture from $135.00 to $152.00 and gave the company an “equal weight” rating in a report on Saturday. Berenberg Bank reiterated a “buy” rating and set a $160.00 target price on shares of Accenture in a report on Thursday, September 21st. Cowen restated a “buy” rating and issued a $150.00 price objective (up from $135.00) on shares of Accenture in a report on Tuesday, September 19th. Finally, Societe Generale lowered shares of Accenture from a “buy” rating to a “hold” rating and set a $144.00 price objective for the company. in a report on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $153.40.
Shares of Accenture (NYSE:ACN) opened at $153.09 on Friday. The stock has a market capitalization of $101,349.76, a PE ratio of 27.10, a P/E/G 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 news, CFO David Rowland sold 3,702 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $135.04, for a total transaction of $499,918.08. Following the sale, the chief financial officer now directly owns 9,864 shares in the company, valued at approximately $1,332,034.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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. Insiders have sold a total of 122,557 shares of company stock worth $17,479,167 over the last 90 days. Corporate insiders own 0.21% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in 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 acquiring an additional 1,088,676 shares during the last quarter. BlackRock Inc. lifted its position in 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 last quarter. Capital Research Global Investors raised its holdings in shares of Accenture by 2.2% in the second 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 buying an additional 605,156 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Accenture by 0.8% in the second quarter. Northern Trust Corp now owns 9,476,570 shares of the information technology services provider’s stock worth $1,172,063,000 after buying an additional 70,740 shares during the last quarter. Finally, Independent Franchise Partners LLP raised its holdings in shares of Accenture by 3.7% in the third quarter. Independent Franchise Partners LLP now owns 6,293,362 shares of the information technology services provider’s stock worth $850,044,000 after buying an additional 222,828 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors.
ILLEGAL ACTIVITY NOTICE: This piece was published by American Banking and Market News and is owned by of American Banking and Market News. If you are viewing this piece on another site, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be read at https://www.americanbankingnews.com/2017/12/30/accenture-acn-given-new-172-00-price-target-at-keycorp.html.
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.
