2 weeks Ago By ABMN Staff
TD Cowen upgraded shares of Accenture ( NYSE:ACN – Free Report ) from a hold rating to a buy rating in a research note published on Monday morning, Marketbeat.com reports. TD Cowen currently has $400.
00 target price on the information technology services provider’s stock, up from their prior target price of $321.00. Several other research firms also recently commented on ACN.
Wedbush decreased their target price on shares of Accenture from $400.00 to $350.00 and set an outperform rating for the company in a research report on Wednesday, June 12th.
The Goldman Sachs Group initiated coverage on shares of Accenture in a research report on Monday, June 24th. They set a neutral rating and a $335.00 target price for the company.
Robert W. Baird upped their price objective on shares of Accenture from $350.00 to $370.
00 and gave the stock a neutral rating in a research report on Friday. Mizuho boosted their target price on shares of Accenture from $352.00 to $365.
00 and gave the company an outperform rating in a research note on Wednesday, September 18th. Finally, UBS Group upped their price target on shares of Accenture from $400.00 to $415.
00 and gave the company a buy rating in a research note on Friday. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.
com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $371.18. View Our Latest Analysis on Accenture Accenture Price Performance Accenture ( NYSE:ACN – Get Free Report ) last posted its earnings results on Thursday, September 26th.
The information technology services provider reported $2.79 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.
01. The firm had revenue of $16.41 billion for the quarter, compared to analysts’ expectations of $16.
37 billion. Accenture had a net margin of 10.79% and a return on equity of 27.
48%. The company’s revenue was up 2.6% on a year-over-year basis.
During the same quarter in the previous year, the firm posted $2.71 earnings per share. As a group, analysts anticipate that Accenture will post 11.
95 EPS for the current fiscal year. Accenture Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 10th will be given a dividend of $1.
48 per share. This is a boost from Accenture’s previous quarterly dividend of $1.29.
This represents a $5.92 dividend on an annualized basis and a yield of 1.68%.
The ex-dividend date of this dividend is Thursday, October 10th. Accenture’s dividend payout ratio (DPR) is 47.25%.
Accenture announced that its board has authorized a share repurchase plan on Thursday, September 26th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the information technology services provider to purchase up to 1.
8% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued. Insider Buying and Selling at Accenture In other news, General Counsel Joel Unruch sold 8,145 shares of Accenture stock in a transaction that occurred on Monday, July 22nd.
The shares were sold at an average price of $331.05, for a total value of $2,696,402.25.
Following the completion of the sale, the general counsel now directly owns 22,849 shares in the company, valued at $7,564,161.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink .
In other Accenture news, General Counsel Joel Unruch sold 8,145 shares of Accenture stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $331.05, for a total transaction of $2,696,402.
25. Following the transaction, the general counsel now owns 22,849 shares of the company’s stock, valued at $7,564,161.45.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website . Also, insider Ellyn Shook sold 5,000 shares of the business’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $329.
82, for a total transaction of $1,649,100.00. Following the completion of the transaction, the insider now directly owns 8,989 shares in the company, valued at approximately $2,964,751.
98. The disclosure for this sale can be found here . In the last ninety days, insiders sold 21,421 shares of company stock worth $6,912,635.
0.07% of the stock is owned by corporate insiders. Institutional Inflows and Outflows A number of institutional investors have recently added to or reduced their stakes in the business.
Unique Wealth Strategies LLC acquired a new stake in Accenture in the 2nd quarter worth approximately $26,000. Annapolis Financial Services LLC boosted its stake in Accenture by 507.7% during the 1st quarter.
Annapolis Financial Services LLC now owns 79 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 66 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in Accenture during the 2nd quarter worth $28,000. Ables Iannone Moore & Associates Inc.
acquired a new position in shares of Accenture during the 4th quarter valued at about $29,000. Finally, Atwood & Palmer Inc. boosted its position in shares of Accenture by 214.
8% during the 1st quarter. Atwood & Palmer Inc. now owns 85 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 58 shares during the last quarter.
Hedge funds and other institutional investors 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. Recommended Stories 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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