Accenture (NYSE:ACN) has been assigned a $151.00 price objective by equities researchers at Credit Suisse Group in a research note issued to investors on Thursday. The firm currently has a “hold” rating on the information technology services provider’s stock. Credit Suisse Group’s price objective points to a potential downside of 0.91% from the company’s previous close.

A number of other brokerages have also commented on ACN. Pivotal Research set a $180.00 price objective on shares of Accenture and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Robert W. Baird boosted their price objective on shares of Accenture from $162.00 to $165.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 20th. KeyCorp boosted their price objective on shares of Accenture from $172.00 to $181.00 and gave the stock a “positive” rating in a research report on Monday, March 19th. Wedbush reissued an “outperform” rating and issued a $180.00 price objective (up previously from $165.00) on shares of Accenture in a research report on Tuesday, March 20th. Finally, Cowen reissued a “buy” rating and issued a $175.00 price objective on shares of Accenture in a research report on Friday, January 12th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $161.20.

Shares of ACN opened at $152.39 on Thursday. Accenture has a twelve month low of $119.10 and a twelve month high of $165.58. The company has a market capitalization of $95,348.88, a price-to-earnings ratio of 25.79, a P/E/G ratio of 2.24 and a beta of 1.04.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, March 22nd. The information technology services provider reported $1.58 EPS for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.09. The business had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.31 billion. Accenture had a net margin of 9.18% and a return on equity of 41.50%. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.33 earnings per share. equities research analysts expect that Accenture will post 6.69 EPS for the current year.

In other Accenture news, COO Johan Deblaere sold 5,000 shares of the company’s stock in a transaction on Monday, March 26th. The shares were sold at an average price of $150.72, for a total value of $753,600.00. Following the transaction, the chief operating officer now directly owns 73,638 shares in the company, valued at $11,098,719.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Richard Lumb sold 2,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $155.34, for a total transaction of $310,680.00. Following the completion of the transaction, the insider now owns 121,041 shares in the company, valued at $18,802,508.94. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 110,681 shares of company stock worth $16,919,843. 0.21% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. Farmers National Bank acquired a new position in shares of Accenture in the fourth quarter valued at $107,000. Virtue Capital Management LLC acquired a new position in shares of Accenture in the fourth quarter valued at $128,000. Aevitas Wealth Management Inc. acquired a new position in shares of Accenture in the fourth quarter valued at $131,000. Wagner Wealth Management LLC acquired a new position in shares of Accenture in the fourth quarter valued at $179,000. Finally, Santori & Peters Inc. acquired a new position in shares of Accenture in the fourth quarter valued at $181,000. Hedge funds and other institutional investors own 75.61% 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.

Analyst Recommendations for Accenture (NYSE:ACN)

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