1 week Ago By ABMN Staff
Accenture ( NYSE:ACN – Free Report ) had its price objective lifted by JPMorgan Chase & Co. from $330.00 to $376.
00 in a research report report published on Friday morning, Benzinga reports. The firm currently has an overweight rating on the information technology services provider’s stock. ACN has been the subject of several other research reports.
Morgan Stanley lowered shares of Accenture from an overweight rating to an equal weight rating and lowered their target price for the stock from $382.00 to $300.00 in a research note on Wednesday, June 26th.
Jefferies Financial Group cut their target price on Accenture from $340.00 to $275.00 and set a hold rating on the stock in a research report on Wednesday, June 5th.
Deutsche Bank Aktiengesellschaft lowered Accenture from a buy rating to a hold rating and lowered their price target for the stock from $409.00 to $295.00 in a research report on Wednesday, May 15th.
Bank of America cut their price objective on Accenture from $419.00 to $365.00 and set a buy rating on the stock in a report on Wednesday, June 5th.
Finally, Stifel Nicolaus dropped their target price on Accenture from $395.00 to $340.00 and set a buy rating for the company in a research report on Wednesday, June 12th.
Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Accenture has an average rating of Moderate Buy and a consensus price target of $353.41.
View Our Latest Analysis on ACN Accenture Price Performance Accenture ( NYSE:ACN – Get Free Report ) last posted its quarterly earnings results on Thursday, June 20th. The information technology services provider reported $3.13 EPS for the quarter, missing the consensus estimate of $3.
15 by ($0.02). Accenture had a return on equity of 27.
48% and a net margin of 10.79%. The company had revenue of $16.
47 billion for the quarter, compared to analysts’ expectations of $16.55 billion. During the same quarter in the prior year, the firm earned $3.
19 EPS. The firm’s revenue was down .6% on a year-over-year basis.
On average, equities analysts anticipate that Accenture will post 11.95 earnings per share for the current fiscal year. Accenture Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th.
Shareholders of record on Thursday, July 11th were given a dividend of $1.29 per share. This represents a $5.
16 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Thursday, July 11th.
Accenture’s payout ratio is currently 47.25%. Insider Buying and Selling In other news, insider Ellyn Shook sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd.
The stock was sold at an average price of $329.82, for a total value of $1,649,100.00.
Following the transaction, the insider now owns 8,989 shares of the company’s stock, valued at $2,964,751.98. The transaction was disclosed in a filing with the SEC, which is available at the SEC website .
In other Accenture news, CFO Kathleen R. Mcclure sold 3,000 shares of Accenture stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $309.
22, for a total value of $927,660.00. Following the sale, the chief financial officer now owns 40,070 shares of the company’s stock, valued at approximately $12,390,445.
40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website . Also, insider Ellyn Shook sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 23rd.
The stock was sold at an average price of $329.82, for a total value of $1,649,100.00.
Following the transaction, the insider now directly owns 8,989 shares of the company’s stock, valued at $2,964,751.98. The disclosure for this sale can be found here .
Insiders have sold a total of 21,421 shares of company stock valued at $6,912,635 over the last quarter. 0.07% of the stock is currently owned by insiders.
Institutional Trading of Accenture Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Accenture by 1.
1% in the first quarter. Vanguard Group Inc. now owns 59,718,732 shares of the information technology services provider’s stock valued at $20,699,110,000 after purchasing an additional 635,349 shares during the last quarter.
Massachusetts Financial Services Co. MA grew its stake in Accenture by 1.2% in the 2nd quarter.
Massachusetts Financial Services Co. MA now owns 10,912,962 shares of the information technology services provider’s stock valued at $3,311,102,000 after acquiring an additional 131,544 shares during the last quarter. Capital Research Global Investors increased its holdings in Accenture by 2.
0% during the 1st quarter. Capital Research Global Investors now owns 8,652,537 shares of the information technology services provider’s stock valued at $2,999,056,000 after acquiring an additional 173,107 shares in the last quarter. Legal & General Group Plc raised its position in Accenture by 1.
4% during the second quarter. Legal & General Group Plc now owns 5,887,266 shares of the information technology services provider’s stock worth $1,786,256,000 after acquiring an additional 80,514 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Accenture in the fourth quarter valued at approximately $2,061,490,000.
Institutional investors and hedge funds own 75.14% of the company’s stock. About Accenture ( Get Free Report ) Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide.
The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services. Read More Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter .
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