Accenture (NYSE:ACN) released its quarterly earnings results on Thursday. The information technology services provider reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.12, RTT News reports. The business had revenue of $9.52 billion for the quarter, compared to the consensus estimate of $9.25 billion. Accenture had a net margin of 9.37% and a return on equity of 42.65%. The business’s revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.58 EPS. Accenture updated its FY18 guidance to $6.48-6.66 EPS.

Shares of Accenture (NYSE ACN) opened at $151.75 on Thursday. Accenture has a 52-week low of $112.31 and a 52-week high of $153.75. The company has a market cap of $100,458.81, a P/E ratio of 25.76, a price-to-earnings-growth ratio of 2.25 and a beta of 1.08.

In other news, insider Gianfranco Casati sold 20,380 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $142.72, for a total value of $2,908,633.60. Following the completion of the transaction, the insider now owns 51,014 shares in the company, valued at approximately $7,280,718.08. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Daniel T. London sold 637 shares of the company’s stock in a transaction on Friday, October 6th. The shares were 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 three months, insiders sold 83,325 shares of company stock worth $11,479,125. Insiders own 0.21% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC boosted its stake in Accenture by 2,531.4% during the 2nd quarter. Janus Henderson Group PLC now owns 2,520,680 shares of the information technology services provider’s stock worth $311,760,000 after purchasing an additional 2,424,888 shares during the period. Capital International Investors boosted its stake in Accenture by 89.1% during the 3rd quarter. Capital International Investors now owns 4,670,977 shares of the information technology services provider’s stock worth $630,909,000 after purchasing an additional 2,200,243 shares during the period. BT Investment Management Ltd acquired a new stake in Accenture during the 2nd quarter worth $220,158,000. BlackRock Inc. boosted its stake in Accenture by 3.0% during the 2nd quarter. BlackRock Inc. now owns 40,659,545 shares of the information technology services provider’s stock worth $5,028,772,000 after purchasing an additional 1,196,578 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Accenture by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 48,468,073 shares of the information technology services provider’s stock worth $5,994,531,000 after purchasing an additional 1,088,676 shares during the period. Institutional investors and hedge funds own 72.39% of the company’s stock.

ACN has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Accenture from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research note on Monday, August 28th. Stifel Nicolaus boosted their price target on shares of Accenture from $138.00 to $146.00 and gave the company a “buy” rating in a research note on Thursday, September 7th. KeyCorp reissued a “buy” rating and issued a $149.00 price target on shares of Accenture in a research note on Sunday, October 29th. Pivotal Research assumed coverage on shares of Accenture in a research note on Wednesday, November 8th. They issued a “buy” rating and a $165.00 price target on the stock. Finally, Cowen set a $150.00 target price on shares of Accenture and gave the stock a “buy” rating in a research note on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $146.42.

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Accenture Company Profile

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.

Earnings History for Accenture (NYSE:ACN)

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