Accenture Plc (ACN) Given Average Rating of “Hold” by Brokerages
Shares of Accenture Plc (NYSE:ACN) have been given a consensus rating of “Hold” by the twenty-seven brokerages that are covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $160.12.
A number of research analysts recently weighed in on ACN shares. Pivotal Research set a $180.00 price target on shares of Accenture and gave the company a “buy” rating in a research note on Monday, June 11th. Zacks Investment Research lowered shares of Accenture from a “hold” rating to a “sell” rating in a research note on Wednesday, June 20th. UBS Group raised shares of Accenture from a “neutral” rating to a “positive” rating in a research note on Tuesday, June 19th. Susquehanna Bancshares raised shares of Accenture from a “neutral” rating to a “positive” rating and raised their price target for the company from $165.00 to $190.00 in a research note on Tuesday, June 19th. Finally, BMO Capital Markets raised their price target on shares of Accenture to $170.00 and gave the company a “market perform” rating in a research note on Friday, June 29th.
Shares of ACN stock traded up $0.43 during mid-day trading on Tuesday, hitting $169.50. 1,599,900 shares of the stock were exchanged, compared to its average volume of 2,187,337. Accenture has a 52-week low of $129.10 and a 52-week high of $169.92. The firm has a market cap of $114.07 billion, a P/E ratio of 28.45, a PEG ratio of 2.44 and a beta of 0.97.
In other Accenture news, CEO Pierre Nanterme sold 32,376 shares of the stock in a transaction dated Monday, July 2nd. The shares were sold at an average price of $162.39, for a total value of $5,257,538.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ellyn Shook sold 4,375 shares of the stock in a transaction dated Monday, July 16th. The shares were sold at an average price of $168.02, for a total transaction of $735,087.50. Following the completion of the sale, the insider now owns 31,707 shares of the company’s stock, valued at approximately $5,327,410.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,357 shares of company stock valued at $8,865,112. 0.21% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. WP Advisors LLC acquired a new stake in Accenture in the 2nd quarter valued at about $106,000. MUFG Securities EMEA plc acquired a new stake in shares of Accenture during the 2nd quarter worth approximately $118,000. BDO Wealth Advisors LLC increased its holdings in shares of Accenture by 105.3% during the 1st quarter. BDO Wealth Advisors LLC now owns 739 shares of the information technology services provider’s stock worth $113,000 after buying an additional 379 shares during the last quarter. Fort L.P. acquired a new stake in shares of Accenture during the 2nd quarter worth approximately $124,000. Finally, Penserra Capital Management LLC acquired a new stake in shares of Accenture during the 1st quarter worth approximately $127,000. Institutional investors own 70.50% of the company’s stock.
Accenture Company Profile
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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