Accenture (NYSE:ACN) had its price objective boosted by Bank of America from $174.00 to $175.00 in a research report report published on Monday. They currently have a neutral rating on the information technology services provider’s stock.

A number of other brokerages also recently issued reports on ACN. Zacks Investment Research downgraded shares of Accenture from a buy rating to a hold rating in a research report on Tuesday, June 5th. Pivotal Research set a $180.00 price objective on shares of Accenture and gave the company a buy rating in a research report on Tuesday, June 5th. UBS Group raised shares of Accenture from a neutral rating to a positive rating in a research report on Tuesday, June 19th. Susquehanna Bancshares raised shares of Accenture from a neutral rating to a positive rating and boosted their price objective for the company from $165.00 to $190.00 in a research report on Tuesday, June 19th. Finally, Stifel Nicolaus boosted their price objective on shares of Accenture from $170.00 to $179.00 and gave the company a buy rating in a research report on Thursday, June 21st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company. Accenture currently has an average rating of Buy and an average target price of $167.43.

NYSE:ACN opened at $172.63 on Monday. Accenture has a 12 month low of $132.27 and a 12 month high of $175.64. The company has a market capitalization of $117.52 billion, a price-to-earnings ratio of 29.22, a P/E/G ratio of 2.34 and a beta of 0.97.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, June 28th. The information technology services provider reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.07. Accenture had a net margin of 9.76% and a return on equity of 42.01%. The business had revenue of $10.32 billion during the quarter, compared to the consensus estimate of $10.04 billion. During the same quarter in the previous year, the firm posted $1.52 EPS. The firm’s revenue was up 16.3% on a year-over-year basis. equities analysts expect that Accenture will post 6.71 earnings per share for the current year.

In related news, insider Daniel T. London sold 1,930 shares of the company’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $160.36, for a total value of $309,494.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Pierre Nanterme sold 32,376 shares of the company’s stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $162.39, for a total transaction of $5,257,538.64. The disclosure for this sale can be found here. Insiders sold a total of 54,357 shares of company stock valued at $8,865,112 in the last ninety days. 0.21% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of ACN. Summit Trail Advisors LLC lifted its stake in Accenture by 14,894.9% in the 1st quarter. Summit Trail Advisors LLC now owns 5,129,307 shares of the information technology services provider’s stock worth $5,129,000 after purchasing an additional 5,095,100 shares in the last quarter. Charles Schwab Investment Advisory Inc. purchased a new stake in Accenture in the 2nd quarter worth $270,434,000. BlackRock Inc. lifted its stake in Accenture by 2.0% in the 2nd quarter. BlackRock Inc. now owns 43,175,666 shares of the information technology services provider’s stock worth $7,063,106,000 after purchasing an additional 826,900 shares in the last quarter. Findlay Park Partners LLP lifted its stake in Accenture by 18.3% in the 2nd quarter. Findlay Park Partners LLP now owns 3,384,829 shares of the information technology services provider’s stock worth $553,724,000 after purchasing an additional 524,190 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in Accenture by 13.6% in the 2nd quarter. Janus Henderson Group PLC now owns 3,887,804 shares of the information technology services provider’s stock worth $636,010,000 after purchasing an additional 466,745 shares in the last quarter. 70.18% of the stock is owned by institutional investors.

About Accenture

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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Analyst Recommendations for Accenture (NYSE:ACN)

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