Accenture (NYSE:ACN) had its price target boosted by research analysts at Deutsche Bank from $170.00 to $180.00 in a note issued to investors on Thursday, September 20th, MarketBeat.com reports. The firm presently has a “buy” rating on the information technology services provider’s stock. Deutsche Bank’s target price would suggest a potential upside of 12.90% from the company’s previous close.

ACN has been the topic of several other research reports. Zacks Investment Research raised shares of Accenture from a “sell” rating to a “hold” rating in a report on Monday, September 17th. Stifel Nicolaus raised their target price on shares of Accenture from $170.00 to $179.00 and gave the company a “buy” rating in a report on Thursday, June 21st. Credit Suisse Group raised their target price on shares of Accenture from $151.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, June 29th. BMO Capital Markets raised their target price on shares of Accenture to $170.00 and gave the company a “market perform” rating in a report on Friday, June 29th. Finally, Citigroup raised their target price on shares of Accenture from $163.00 to $172.00 and gave the company a “neutral” rating in a report on Tuesday, September 18th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company. Accenture presently has an average rating of “Buy” and an average price target of $176.37.

Shares of ACN traded up $3.44 during mid-day trading on Thursday, hitting $159.44. 3,368,463 shares of the company’s stock were exchanged, compared to its average volume of 2,195,891. The stock has a market capitalization of $114.83 billion, a PE ratio of 23.66, a P/E/G ratio of 2.28 and a beta of 0.98. Accenture has a fifty-two week low of $136.84 and a fifty-two week high of $175.64.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, September 27th. The information technology services provider reported $1.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.02. The business had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $10.01 billion. Accenture had a net margin of 9.76% and a return on equity of 41.92%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.48 earnings per share. On average, equities research analysts forecast that Accenture will post 7.24 EPS for the current year.

In other news, insider Ellyn Shook sold 4,375 shares of the firm’s stock in a transaction that occurred on Monday, July 16th. The shares were sold at an average price of $168.02, for a total transaction of $735,087.50. Following the transaction, the insider now directly owns 31,707 shares in the company, valued at $5,327,410.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel T. London sold 1,930 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $160.36, for a total transaction of $309,494.80. The disclosure for this sale can be found here. Insiders sold 53,442 shares of company stock worth $9,130,339 over the last quarter. 0.21% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Community Bank & Trust Waco Texas acquired a new stake in shares of Accenture during the third quarter worth $400,000. Eagle Capital Management LLC lifted its holdings in shares of Accenture by 1.5% during the third quarter. Eagle Capital Management LLC now owns 22,516 shares of the information technology services provider’s stock worth $3,832,000 after purchasing an additional 342 shares during the period. Busey Trust CO lifted its holdings in shares of Accenture by 1.5% during the third quarter. Busey Trust CO now owns 77,133 shares of the information technology services provider’s stock worth $13,128,000 after purchasing an additional 1,123 shares during the period. Vigilant Capital Management LLC lifted its holdings in Accenture by 0.9% in the third quarter. Vigilant Capital Management LLC now owns 109,493 shares of the information technology services provider’s stock valued at $18,636,000 after acquiring an additional 1,011 shares during the period. Finally, Hexavest Inc. acquired a new stake in Accenture in the third quarter valued at $60,851,000. Institutional investors and hedge funds own 70.22% of the company’s stock.

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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