Accenture (NYSE:ACN) released its quarterly earnings data on Thursday. The information technology services provider reported $1.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.02, MarketWatch Earnings reports. The firm had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $10.01 billion. Accenture had a return on equity of 42.01% and a net margin of 9.76%. Accenture’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.48 earnings per share. Accenture updated its FY19 guidance to $6.98-7.25 EPS.

ACN opened at $172.97 on Thursday. The firm has a market cap of $116.60 billion, a P/E ratio of 29.27, a P/E/G ratio of 2.32 and a beta of 0.97. Accenture has a 52 week low of $132.27 and a 52 week high of $175.64.

In related news, insider Richard Lumb sold 2,000 shares of the stock in a transaction on Monday, August 13th. The stock was sold at an average price of $160.86, for a total transaction of $321,720.00. Following the sale, the insider now owns 117,807 shares of the company’s stock, valued at $18,950,434.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Pierre Nanterme sold 32,376 shares of the stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $162.39, for a total value of $5,257,538.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 54,357 shares of company stock worth $8,865,112. Corporate insiders own 0.21% of the company’s stock.

Several research analysts have issued reports on ACN shares. Pivotal Research set a $180.00 price objective on Accenture and gave the stock a “buy” rating in a research report on Monday, June 11th. Bank of America upped their target price on Accenture from $174.00 to $175.00 and gave the company a “neutral” rating in a report on Monday. Zacks Investment Research lowered Accenture from a “hold” rating to a “sell” rating in a report on Wednesday, June 20th. UBS Group raised Accenture from a “neutral” rating to a “positive” rating in a report on Tuesday, June 19th. Finally, Susquehanna Bancshares raised Accenture from a “neutral” rating to a “positive” rating and upped their target price for the company from $165.00 to $190.00 in a report on Tuesday, June 19th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $167.98.

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.

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Earnings History for Accenture (NYSE:ACN)

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