Accenture PLC (ACN) Hits New 1-Year High at $145.26
Accenture PLC (NYSE:ACN) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $145.26 and last traded at $143.92, with a volume of 1456200 shares changing hands. The stock had previously closed at $143.89.
A number of brokerages have recently commented on ACN. Zacks Investment Research raised Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a report on Monday, August 28th. Berenberg Bank reissued a “buy” rating and set a $160.00 price objective on shares of Accenture PLC in a report on Thursday, September 21st. Cowen and Company set a $150.00 price objective on Accenture PLC and gave the company a “buy” rating in a report on Monday, October 23rd. Stifel Nicolaus reissued a “buy” rating and set a $150.00 price objective on shares of Accenture PLC in a report on Friday, November 3rd. Finally, SunTrust Banks, Inc. set a $130.00 price objective on Accenture PLC and gave the company a “hold” rating in a report on Sunday, October 1st. One analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $142.89.
The firm has a market capitalization of $94,961.36, a PE ratio of 24.35, a P/E/G ratio of 2.13 and a beta of 1.08.
Accenture PLC (NYSE:ACN) last announced its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.01. The company had revenue of $9.15 billion during the quarter, compared to the consensus estimate of $9.01 billion. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned $1.31 EPS. analysts predict that Accenture PLC will post 6.54 EPS for the current year.
The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, October 19th will be given a dividend of $1.33 per share. The ex-dividend date is Wednesday, October 18th. This represents a dividend yield of 1.97%. Accenture PLC’s dividend payout ratio (DPR) is presently 48.90%.
In related news, insider Richard P. Clark sold 3,155 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $143.01, for a total transaction of $451,196.55. Following the completion of the transaction, the insider now owns 5,533 shares in the company, valued at approximately $791,274.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO David Rowland sold 3,702 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $135.04, for a total value of $499,918.08. Following the transaction, the chief financial officer now owns 9,864 shares of the company’s stock, valued at approximately $1,332,034.56. The disclosure for this sale can be found here. Insiders have sold a total of 83,325 shares of company stock valued at $11,479,125 in the last 90 days. 0.21% of the stock is owned by corporate insiders.
Several institutional investors have recently bought and sold shares of ACN. Jacobi Capital Management LLC lifted its position in shares of Accenture PLC by 104.8% during the 3rd quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock worth $100,000 after buying an additional 372 shares during the period. TCI Wealth Advisors Inc. lifted its position in shares of Accenture PLC by 23.4% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock worth $106,000 after buying an additional 162 shares during the period. Bellwether Investment Group LLC lifted its position in shares of Accenture PLC by 64.2% during the 1st quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock worth $110,000 after buying an additional 359 shares during the period. Manchester Capital Management LLC lifted its position in shares of Accenture PLC by 7.0% during the 2nd quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock worth $114,000 after buying an additional 60 shares during the period. Finally, Harbour Capital Advisors LLC bought a new position in shares of Accenture PLC during the 1st quarter worth approximately $122,000. Institutional investors and hedge funds own 77.73% of the company’s stock.
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Accenture PLC 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.
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