Accenture (ACN) Given a $180.00 Price Target by Pivotal Research Analysts

Accenture (NYSE:ACN) received a $180.00 price objective from stock analysts at Pivotal Research in a report released on Friday. The firm currently has a “buy” rating on the information technology services provider’s stock. Pivotal Research’s price objective would suggest a potential upside of 10.03% from the company’s previous close.

A number of other research analysts also recently commented on the company. Wedbush lowered their target price on Accenture from $180.00 to $153.50 and set an “outperform” rating on the stock in a research note on Monday, April 2nd. BMO Capital Markets upped their price target on Accenture from $156.00 to $158.00 and gave the stock a “market perform” rating in a research note on Friday, March 23rd. Sanford C. Bernstein assumed coverage on Accenture in a research note on Wednesday, March 28th. They set an “outperform” rating and a $180.00 price target for the company. Barclays upped their price target on Accenture from $152.00 to $154.00 and gave the stock an “equal weight” rating in a research note on Friday, March 23rd. Finally, William Blair reiterated an “outperform” rating on shares of Accenture in a research note on Thursday, March 22nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have given a buy rating to the company. Accenture has a consensus rating of “Buy” and a consensus target price of $162.11.

NYSE ACN traded down $0.91 on Friday, reaching $163.59. The stock had a trading volume of 3,625,695 shares, compared to its average volume of 2,728,883. Accenture has a 1 year low of $122.03 and a 1 year high of $165.58. The company has a market capitalization of $104.50 billion, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 2.46 and a beta of 1.03.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, June 28th. The information technology services provider reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.07. Accenture had a return on equity of 42.01% and a net margin of 9.76%. The firm had revenue of $10.32 billion for the quarter, compared to the consensus estimate of $10.04 billion. During the same quarter in the previous year, the company posted $1.52 earnings per share. The business’s quarterly revenue was up 16.3% compared to the same quarter last year. equities research analysts forecast that Accenture will post 6.68 EPS for the current fiscal year.

In other Accenture news, insider Richard Lumb sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 10th. The stock was sold at an average price of $156.10, for a total value of $312,200.00. Following the completion of the transaction, the insider now owns 120,025 shares of the company’s stock, valued at approximately $18,735,902.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO David Rowland sold 3,270 shares of the company’s stock in a transaction that occurred on Friday, April 20th. The shares were sold at an average price of $152.93, for a total value of $500,081.10. Following the completion of the transaction, the chief financial officer now directly owns 20,243 shares of the company’s stock, valued at approximately $3,095,761.99. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,333 shares of company stock valued at $1,586,869. Insiders own 0.21% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. HC Financial Advisors Inc. acquired a new position in shares of Accenture in the 4th quarter worth approximately $1,957,000. Landscape Capital Management L.L.C. raised its holdings in shares of Accenture by 214.0% in the 4th quarter. Landscape Capital Management L.L.C. now owns 4,694 shares of the information technology services provider’s stock worth $719,000 after buying an additional 3,199 shares in the last quarter. Edge Advisors LLC raised its holdings in shares of Accenture by 4.1% in the 4th quarter. Edge Advisors LLC now owns 15,726 shares of the information technology services provider’s stock worth $2,406,000 after buying an additional 624 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its holdings in shares of Accenture by 261.6% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 3,792,124 shares of the information technology services provider’s stock worth $580,537,000 after buying an additional 2,743,482 shares in the last quarter. Finally, MML Investors Services LLC raised its holdings in shares of Accenture by 13.0% in the 4th quarter. MML Investors Services LLC now owns 27,528 shares of the information technology services provider’s stock worth $4,214,000 after buying an additional 3,167 shares in the last quarter. 73.78% of the stock is owned by hedge funds and other institutional investors.

About Accenture

Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions for communications, media, and high tech industries, as well as for software platforms.

Analyst Recommendations for Accenture (NYSE:ACN)

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