Accenture PLC (NYSE:ACN)‘s stock had its “buy” rating restated by investment analysts at KeyCorp in a report issued on Friday. They presently have a $135.00 target price on the information technology services provider’s stock. KeyCorp’s price objective points to a potential downside of 2.18% from the stock’s current price.

ACN has been the subject of several other research reports. BMO Capital Markets reiterated a “hold” rating and issued a $130.00 target price (up previously from $125.00) on shares of Accenture PLC in a research note on Thursday, June 22nd. Zacks Investment Research upgraded shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Monday, August 28th. Wells Fargo & Company reiterated an “outperform” rating and issued a $138.00 target price (up previously from $131.50) on shares of Accenture PLC in a research note on Friday, June 16th. Berenberg Bank reiterated a “buy” rating and issued a $160.00 target price on shares of Accenture PLC in a research note on Thursday. Finally, Cowen and Company reiterated a “buy” rating and issued a $150.00 target price (up previously from $135.00) on shares of Accenture PLC in a research note on Tuesday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $134.32.

Shares of Accenture PLC (ACN) opened at 136.66 on Friday. The company has a market cap of $84.45 billion, a P/E ratio of 24.20 and a beta of 1.11. The firm has a 50-day moving average of $130.89 and a 200-day moving average of $124.97. Accenture PLC has a 12-month low of $109.50 and a 12-month high of $138.12.

Accenture PLC (NYSE:ACN) last posted its earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 earnings per share for the quarter, hitting the consensus estimate of $1.52. The firm had revenue of $8.87 billion during the quarter, compared to the consensus estimate of $8.82 billion. Accenture PLC had a net margin of 9.92% and a return on equity of 43.96%. The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the company earned $1.41 earnings per share. Analysts predict that Accenture PLC will post $5.90 EPS for the current year.

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In other news, insider Julie Spellman Sweet sold 1,974 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $128.68, for a total value of $254,014.32. Following the completion of the sale, the insider now directly owns 14,082 shares in the company, valued at approximately $1,812,071.76. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Pierre Nanterme sold 40,134 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $123.02, for a total transaction of $4,937,284.68. Following the completion of the sale, the chief executive officer now owns 222,362 shares of the company’s stock, valued at $27,354,973.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 79,817 shares of company stock valued at $9,920,929. Company insiders own 0.21% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Accenture PLC by 2.3% in 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 acquiring an additional 1,088,676 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Accenture PLC by 3.0% in 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 acquiring an additional 1,196,578 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of Accenture PLC by 2.2% in the 2nd quarter. Capital Research Global Investors now owns 28,501,643 shares of the information technology services provider’s stock worth $3,525,083,000 after acquiring an additional 605,156 shares during the last quarter. State Street Corp lifted its holdings in shares of Accenture PLC by 2.7% in the 1st quarter. State Street Corp now owns 25,356,641 shares of the information technology services provider’s stock worth $3,039,762,000 after acquiring an additional 665,860 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Accenture PLC by 8.8% in the 1st quarter. Wellington Management Group LLP now owns 21,583,126 shares of the information technology services provider’s stock worth $2,587,385,000 after acquiring an additional 1,738,262 shares during the last quarter. Hedge funds and other institutional investors own 77.73% of the company’s stock.

About Accenture PLC

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 PLC (NYSE:ACN)

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