Accenture (NYSE:ACN)‘s stock had its “buy” rating reissued by equities researchers at Pivotal Research in a research report issued to clients and investors on Wednesday. They currently have a $180.00 price objective on the information technology services provider’s stock. Pivotal Research’s price objective points to a potential upside of 12.88% from the stock’s current price.

The analysts wrote, “We attended the RPA (robotic process automation) NYC conference last year, what are your thoughts on RPA and Automation for a YY comparison? Automation is here to stay. Didn’t think it was ‘emerging’ last year as it has been around for many years, but yes it has gained steam and last was an inflection point.””

A number of other equities research analysts have also recently commented on ACN. Bank of America started coverage on Accenture in a research note on Tuesday, September 12th. They issued a “buy” rating and a $150.00 price objective for the company. Zacks Investment Research cut Accenture from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Cowen reissued a “buy” rating and issued a $150.00 price objective (up previously from $135.00) on shares of Accenture in a research note on Tuesday, September 19th. Berenberg Bank reissued a “buy” rating and issued a $160.00 price objective on shares of Accenture in a research note on Thursday, September 21st. Finally, KeyCorp reissued a “buy” rating and issued a $135.00 price objective on shares of Accenture in a research note on Friday, September 22nd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $156.17.

Shares of Accenture (ACN) traded up $0.53 during trading on Wednesday, reaching $159.46. The company’s stock had a trading volume of 3,204,900 shares, compared to its average volume of 2,387,067. Accenture has a 12-month low of $112.31 and a 12-month high of $159.49. The firm has a market capitalization of $101,680.00, a PE ratio of 28.27, a PEG ratio of 2.38 and a beta of 1.08.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, December 21st. The information technology services provider reported $1.79 EPS for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.12. Accenture had a return on equity of 41.79% and a net margin of 9.43%. The firm had revenue of $9.52 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter last year, the firm posted $1.58 earnings per share. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. equities analysts expect that Accenture will post 6.64 earnings per share for the current year.

In related news, insider Richard Lumb sold 2,200 shares of Accenture stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $138.94, for a total transaction of $305,668.00. Following the transaction, the insider now owns 117,151 shares of the company’s stock, valued at $16,276,959.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Daniel T. London sold 3,087 shares of Accenture stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $140.05, for a total value of $432,334.35. Following the transaction, the insider now directly owns 21,241 shares in the company, valued at approximately $2,974,802.05. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 80,683 shares of company stock worth $11,984,979. 0.21% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of ACN. Beach Investment Management LLC. lifted its holdings in Accenture by 1,024.2% during the second quarter. Beach Investment Management LLC. now owns 36,537 shares of the information technology services provider’s stock worth $4,519,000 after acquiring an additional 33,287 shares during the period. Smith Asset Management Group LP lifted its holdings in Accenture by 169.5% during the second quarter. Smith Asset Management Group LP now owns 4,360 shares of the information technology services provider’s stock worth $539,000 after acquiring an additional 2,742 shares during the period. Cumberland Partners Ltd lifted its holdings in Accenture by 0.8% during the second quarter. Cumberland Partners Ltd now owns 114,410 shares of the information technology services provider’s stock worth $14,150,000 after acquiring an additional 910 shares during the period. Rhumbline Advisers lifted its holdings in Accenture by 0.9% during the second quarter. Rhumbline Advisers now owns 1,034,417 shares of the information technology services provider’s stock worth $127,937,000 after acquiring an additional 9,183 shares during the period. Finally, Sigma Planning Corp lifted its holdings in Accenture by 12.6% during the second quarter. Sigma Planning Corp now owns 3,502 shares of the information technology services provider’s stock worth $433,000 after acquiring an additional 392 shares during the period. Institutional investors and hedge funds own 75.23% 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.

Analyst Recommendations for Accenture (NYSE:ACN)

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