KeyCorp reaffirmed their buy rating on shares of Accenture PLC (NYSE:ACN) in a research report report published on Thursday morning. The brokerage currently has a $149.00 price objective on the information technology services provider’s stock. KeyCorp also issued estimates for Accenture PLC’s Q1 2018 earnings at $1.63 EPS, Q2 2018 earnings at $1.42 EPS, Q3 2018 earnings at $1.70 EPS and Q4 2018 earnings at $1.60 EPS.

A number of other equities research analysts have also recently weighed in on the company. Wells Fargo & Company lifted their price target on Accenture PLC from $147.00 to $150.00 and gave the company an outperform rating in a report on Friday. Cantor Fitzgerald lifted their price target on Accenture PLC to $151.00 and gave the company an overweight rating in a report on Friday. Royal Bank Of Canada boosted their target price on Accenture PLC from $145.00 to $148.00 and gave the stock an outperform rating in a report on Friday. BMO Capital Markets reissued a hold rating on shares of Accenture PLC in a report on Thursday. Finally, Robert W. Baird boosted their target price on Accenture PLC from $148.00 to $150.00 and gave the stock a neutral rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Accenture PLC currently has an average rating of Buy and an average price target of $140.12.

Accenture PLC (ACN) opened at 135.07 on Thursday. The stock’s 50 day moving average price is $130.89 and its 200-day moving average price is $124.97. The stock has a market capitalization of $83.41 billion, a P/E ratio of 24.83 and a beta of 1.11. Accenture PLC has a 52 week low of $109.50 and a 52 week high of $138.15.

Accenture PLC (NYSE:ACN) last released its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.01. The company had revenue of $9.15 billion for the quarter, compared to analysts’ expectations of $9.01 billion. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.31 earnings per share. Equities research analysts expect that Accenture PLC will post $6.54 earnings per share for the current year.

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The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th will be given a dividend of $1.33 per share. This represents a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, October 18th. Accenture PLC’s payout ratio is 44.49%.

In other Accenture PLC news, insider Julie Spellman Sweet sold 1,974 shares of Accenture PLC stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $128.68, for a total transaction of $254,014.32. Following the transaction, the insider now directly owns 14,082 shares in the company, valued at approximately $1,812,071.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Richard Lumb sold 2,200 shares of Accenture PLC stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $127.51, for a total transaction of $280,522.00. Following the transaction, the insider now owns 119,942 shares in the company, valued at $15,293,804.42. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,582 shares of company stock worth $2,634,573. Corporate insiders own 0.21% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board grew its position in Accenture PLC by 18.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 473,257 shares of the information technology services provider’s stock worth $58,532,000 after purchasing an additional 75,100 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in Accenture PLC by 4.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,087,814 shares of the information technology services provider’s stock worth $258,221,000 after purchasing an additional 97,760 shares in the last quarter. Retirement Systems of Alabama grew its position in Accenture PLC by 0.3% during the 2nd quarter. Retirement Systems of Alabama now owns 340,128 shares of the information technology services provider’s stock worth $42,067,000 after purchasing an additional 916 shares in the last quarter. Waldron LP grew its position in Accenture PLC by 93.3% during the 1st quarter. Waldron LP now owns 5,709 shares of the information technology services provider’s stock worth $684,000 after purchasing an additional 2,756 shares in the last quarter. Finally, Vigilant Capital Management LLC grew its position in Accenture PLC by 1.8% during the 2nd quarter. Vigilant Capital Management LLC now owns 101,619 shares of the information technology services provider’s stock worth $12,568,000 after purchasing an additional 1,780 shares in the last quarter. Hedge funds and other institutional investors own 77.73% of the company’s stock.

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.

Analyst Recommendations for Accenture PLC (NYSE:ACN)

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