Accenture (ACN) Earns Hold Rating from Robert W. Baird

Robert W. Baird reissued their hold rating on shares of Accenture (NYSE:ACN) in a report published on Thursday. They currently have a $155.00 price objective on the information technology services provider’s stock.

A number of other research firms have also weighed in on ACN. Stifel Nicolaus upped their price objective on Accenture from $138.00 to $146.00 and gave the stock a buy rating in a research note on Thursday, September 7th. Zacks Investment Research raised Accenture from a hold rating to a buy rating and set a $151.00 price objective for the company in a research note on Thursday, September 14th. Royal Bank Of Canada upped their price objective on Accenture from $145.00 to $148.00 and gave the stock an outperform rating in a research note on Friday, September 29th. KeyCorp reaffirmed a buy rating and issued a $149.00 price objective on shares of Accenture in a research note on Thursday, September 28th. Finally, Barclays increased their price target on Accenture from $124.00 to $135.00 and gave the company an equal weight rating in a research note on Wednesday, September 27th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Accenture has an average rating of Buy and a consensus target price of $144.38.

Shares of Accenture (NYSE ACN) opened at $150.53 on Thursday. Accenture has a fifty-two week low of $112.31 and a fifty-two week high of $150.59. The stock has a market capitalization of $99,343.48, a PE ratio of 25.47, a price-to-earnings-growth ratio of 2.23 and a beta of 1.08.

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

The firm also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th were issued a $1.33 dividend. The ex-dividend date was Wednesday, October 18th. This represents a dividend yield of 1.97%. Accenture’s payout ratio is 48.90%.

In other news, insider Daniel T. London sold 637 shares of the stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $136.03, for a total value of $86,651.11. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Richard Lumb sold 2,200 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $135.06, for a total value of $297,132.00. Following the completion of the sale, the insider now owns 118,085 shares in the company, valued at $15,948,560.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 83,325 shares of company stock worth $11,479,125. Company insiders own 0.21% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Keel Point LLC boosted its position in Accenture by 25.5% during the 1st quarter. Keel Point LLC now owns 7,525 shares of the information technology services provider’s stock valued at $902,000 after acquiring an additional 1,530 shares in the last quarter. Two Sigma Securities LLC bought a new stake in Accenture during the 1st quarter valued at $310,000. State Street Corp boosted its position in Accenture by 2.7% during the 1st quarter. State Street Corp now owns 25,356,641 shares of the information technology services provider’s stock valued at $3,039,762,000 after acquiring an additional 665,860 shares in the last quarter. Level Four Advisory Services LLC boosted its position in Accenture by 10.5% during the 1st quarter. Level Four Advisory Services LLC now owns 2,178 shares of the information technology services provider’s stock valued at $257,000 after acquiring an additional 207 shares in the last quarter. Finally, Signaturefd LLC boosted its position in Accenture by 8.6% during the 1st quarter. Signaturefd LLC now owns 4,226 shares of the information technology services provider’s stock valued at $507,000 after acquiring an additional 333 shares in the last quarter. 72.51% of the stock is currently owned by institutional investors.

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Accenture 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 (NYSE:ACN)

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