Accenture (NYSE:ACN) has been given a $170.00 price target by equities research analysts at Credit Suisse Group in a research note issued to investors on Tuesday, TipRanks reports. The brokerage presently has a “hold” rating on the information technology services provider’s stock. Credit Suisse Group’s price objective would suggest a potential downside of 3.95% from the company’s current price.

A number of other analysts also recently issued reports on ACN. William Blair reaffirmed an “outperform” rating on shares of Accenture in a report on Friday, March 29th. Robert W. Baird boosted their price target on shares of Accenture from $174.00 to $182.00 and gave the company a “neutral” rating in a research report on Friday, March 29th. KeyCorp boosted their price target on shares of Accenture from $173.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, March 29th. Morgan Stanley boosted their price target on shares of Accenture from $178.00 to $184.00 and gave the company an “overweight” rating in a research report on Friday, March 29th. Finally, Zacks Investment Research lowered shares of Accenture from a “buy” rating to a “hold” rating in a research note on Friday, December 14th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $183.58.

ACN stock opened at $177.00 on Tuesday. Accenture has a 1 year low of $132.63 and a 1 year high of $179.07. The stock has a market cap of $119.43 billion, a PE ratio of 26.26, a P/E/G ratio of 2.36 and a beta of 1.12.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, March 28th. The information technology services provider reported $1.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.16. Accenture had a net margin of 10.52% and a return on equity of 38.57%. The company had revenue of $10.45 billion during the quarter, compared to analyst estimates of $10.30 billion. During the same quarter last year, the business posted $1.58 EPS. Accenture’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, research analysts forecast that Accenture will post 7.3 earnings per share for the current fiscal year.

In other Accenture news, insider Richard Lumb sold 2,000 shares of the firm’s stock in a transaction dated Thursday, January 17th. The shares were sold at an average price of $148.48, for a total transaction of $296,960.00. Following the transaction, the insider now owns 134,181 shares of the company’s stock, valued at approximately $19,923,194.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David Rowland sold 2,883 shares of the firm’s stock in a transaction dated Friday, January 25th. The shares were sold at an average price of $151.75, for a total transaction of $437,495.25. Following the transaction, the chief executive officer now directly owns 27,367 shares in the company, valued at approximately $4,152,942.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,314 shares of company stock worth $2,604,645. Insiders own 0.18% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC boosted its position in shares of Accenture by 13.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 14,162 shares of the information technology services provider’s stock valued at $1,997,000 after acquiring an additional 1,661 shares during the last quarter. TrimTabs Asset Management LLC acquired a new position in shares of Accenture during the 4th quarter valued at about $1,108,000. Pinnacle Financial Partners Inc. boosted its position in shares of Accenture by 14.8% during the 4th quarter. Pinnacle Financial Partners Inc. now owns 6,699 shares of the information technology services provider’s stock valued at $945,000 after acquiring an additional 864 shares during the last quarter. Gillespie Robinson & Grimm Inc. boosted its position in shares of Accenture by 2.5% during the 4th quarter. Gillespie Robinson & Grimm Inc. now owns 169,216 shares of the information technology services provider’s stock valued at $23,861,000 after acquiring an additional 4,203 shares during the last quarter. Finally, Simmons Bank boosted its position in shares of Accenture by 2.4% during the 4th quarter. Simmons Bank now owns 5,271 shares of the information technology services provider’s stock valued at $744,000 after acquiring an additional 125 shares during the last quarter. 70.94% of the stock is owned by hedge funds and other institutional investors.

Accenture Company Profile

Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.

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Analyst Recommendations for Accenture (NYSE:ACN)

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