Accenture (NYSE:ACN) had its target price boosted by Robert W. Baird from $216.00 to $222.00 in a research report sent to investors on Friday morning, BenzingaRatingsTable reports. The firm currently has a neutral rating on the information technology services provider’s stock.

Other analysts also recently issued reports about the company. Moffett Nathanson upgraded Accenture from a neutral rating to a buy rating and set a $200.00 price target for the company in a research report on Friday, March 20th. Wells Fargo & Co downgraded Accenture from an overweight rating to an equal weight rating and raised their price target for the stock from $190.00 to $200.00 in a research report on Thursday, June 18th. They noted that the move was a valuation call. Morgan Stanley raised their price target on Accenture from $185.00 to $230.00 and gave the stock an overweight rating in a research report on Tuesday, June 23rd. Stifel Nicolaus raised their price target on Accenture from $184.00 to $236.00 and gave the stock a buy rating in a research report on Friday, June 19th. Finally, Exane BNP Paribas downgraded Accenture from an outperform rating to a neutral rating in a research report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $219.44.

NYSE ACN opened at $212.72 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market capitalization of $134.08 billion, a P/E ratio of 27.84, a P/E/G ratio of 2.78 and a beta of 1.06. Accenture has a one year low of $137.15 and a one year high of $217.89. The stock has a 50 day moving average price of $199.62 and a 200-day moving average price of $193.06.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, June 25th. The information technology services provider reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.06. The firm had revenue of $10.99 billion during the quarter, compared to the consensus estimate of $10.89 billion. Accenture had a return on equity of 32.04% and a net margin of 11.11%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.93 EPS. As a group, equities analysts predict that Accenture will post 7.63 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Thursday, July 16th will be paid a $0.80 dividend. The ex-dividend date is Wednesday, July 15th. This represents a $3.20 annualized dividend and a yield of 1.50%. Accenture’s dividend payout ratio (DPR) is presently 43.48%.

In other Accenture news, insider Jean-Marc Ollagnier sold 4,499 shares of the firm’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $175.21, for a total value of $788,269.79. Following the completion of the sale, the insider now owns 180,110 shares of the company’s stock, valued at $31,557,073.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Ellyn Shook sold 1,251 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $185.00, for a total value of $231,435.00. Following the completion of the sale, the insider now directly owns 23,927 shares of the company’s stock, valued at approximately $4,426,495. The disclosure for this sale can be found here. Insiders sold 23,221 shares of company stock worth $4,169,477 in the last quarter. 0.10% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp boosted its holdings in Accenture by 0.9% in the first quarter. State Street Corp now owns 26,989,659 shares of the information technology services provider’s stock worth $4,406,390,000 after acquiring an additional 235,852 shares in the last quarter. NovaPoint Capital LLC boosted its holdings in Accenture by 1.1% in the first quarter. NovaPoint Capital LLC now owns 9,291 shares of the information technology services provider’s stock worth $1,517,000 after acquiring an additional 103 shares in the last quarter. Pathstone Family Office LLC lifted its holdings in shares of Accenture by 50.7% during the first quarter. Pathstone Family Office LLC now owns 612 shares of the information technology services provider’s stock worth $100,000 after purchasing an additional 206 shares during the period. Core Alternative Capital lifted its holdings in shares of Accenture by 139.9% during the first quarter. Core Alternative Capital now owns 28,647 shares of the information technology services provider’s stock worth $4,677,000 after purchasing an additional 16,704 shares during the period. Finally, Confluence Investment Management LLC lifted its holdings in shares of Accenture by 1.0% during the first quarter. Confluence Investment Management LLC now owns 142,374 shares of the information technology services provider’s stock worth $23,244,000 after purchasing an additional 1,432 shares during the period. 73.64% of the stock is owned by institutional investors and hedge funds.

About Accenture

Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.

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Analyst Recommendations for Accenture (NYSE:ACN)

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