Accenture Plc (ACN) Receives “Hold” Rating from Credit Suisse Group AG

Accenture Plc (NYSE:ACN)‘s stock had its “hold” rating reissued by stock analysts at Credit Suisse Group AG in a research report issued to clients and investors on Friday. They presently have a $124.00 price target on the stock. Credit Suisse Group AG’s price target suggests a potential upside of 3.86% from the company’s previous close.

A number of other brokerages also recently weighed in on ACN. BMO Capital Markets restated a “hold” rating and set a $123.00 price objective on shares of Accenture Plc in a research report on Thursday. Deutsche Bank AG increased their price objective on shares of Accenture Plc to $133.00 in a research report on Friday. Zacks Investment Research upgraded shares of Accenture Plc from a “sell” rating to a “hold” rating in a research report on Tuesday, March 14th. Berenberg Bank restated a “buy” rating and set a $140.00 price objective on shares of Accenture Plc in a research report on Sunday, January 8th. Finally, Vetr upgraded shares of Accenture Plc from a “buy” rating to a “strong-buy” rating and set a $130.68 price objective on the stock in a research report on Tuesday, January 3rd. Ten equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Accenture Plc presently has a consensus rating of “Buy” and a consensus target price of $127.99.

Analyst Recommendations for Accenture Plc (NYSE:ACN)

Accenture Plc (NYSE:ACN) traded up 0.34% on Friday, reaching $119.39. 3,116,889 shares of the company were exchanged. The firm has a market capitalization of $74.03 billion, a P/E ratio of 19.89 and a beta of 1.17. Accenture Plc has a 12-month low of $108.66 and a 12-month high of $126.53. The firm has a 50-day moving average of $121.68 and a 200 day moving average of $118.24.

Accenture Plc (NYSE:ACN) last posted its quarterly earnings results on Thursday, March 23rd. The company reported $1.33 EPS for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.03. Accenture Plc had a net margin of 12.34% and a return on equity of 46.99%. The firm had revenue of $8.32 billion for the quarter, compared to analysts’ expectations of $8.34 billion. During the same quarter in the prior year, the company posted $1.34 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities analysts predict that Accenture Plc will post $5.87 earnings per share for the current year.

The company also recently disclosed a semiannual dividend, which will be paid on Monday, May 15th. Stockholders of record on Thursday, April 13th will be given a dividend of $1.21 per share. This represents a dividend yield of 2.03%. This is an increase from Accenture Plc’s previous semiannual dividend of $1.02. The ex-dividend date is Tuesday, April 11th. Accenture Plc’s dividend payout ratio (DPR) is presently 35.85%.

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In other news, insider Richard Lumb sold 4,400 shares of the firm’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $120.00, for a total transaction of $528,000.00. Following the sale, the insider now directly owns 124,475 shares in the company, valued at approximately $14,937,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel T. London sold 4,437 shares of the firm’s stock in a transaction on Friday, January 6th. The shares were sold at an average price of $115.87, for a total transaction of $514,115.19. Following the sale, the insider now owns 30,580 shares in the company, valued at $3,543,304.60. The disclosure for this sale can be found here. 0.21% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. Creative Planning increased its stake in shares of Accenture Plc by 92.9% in the third quarter. Creative Planning now owns 41,160 shares of the company’s stock valued at $5,029,000 after buying an additional 19,819 shares during the last quarter. Weaver C. Barksdale & Associates Inc. boosted its position in Accenture Plc by 6.2% in the third quarter. Weaver C. Barksdale & Associates Inc. now owns 7,161 shares of the company’s stock valued at $875,000 after buying an additional 416 shares during the last quarter. Atria Investments LLC boosted its position in Accenture Plc by 5.7% in the third quarter. Atria Investments LLC now owns 17,982 shares of the company’s stock valued at $2,197,000 after buying an additional 974 shares during the last quarter. Capstone Asset Management Co. boosted its position in Accenture Plc by 3.7% in the third quarter. Capstone Asset Management Co. now owns 69,750 shares of the company’s stock valued at $8,521,000 after buying an additional 2,500 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Accenture Plc by 19.7% in the third quarter. Nisa Investment Advisors LLC now owns 166,975 shares of the company’s stock valued at $20,399,000 after buying an additional 27,470 shares during the last quarter. Hedge funds and other institutional investors own 77.38% of the company’s stock.

Accenture Plc 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.

5 Day Chart for NYSE:ACN

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