Accenture (NYSE:ACN) had its target price increased by Deutsche Bank from $215.00 to $245.00 in a research report report published on Friday morning, The Fly reports. The firm currently has a buy rating on the information technology services provider’s stock.

A number of other equities analysts also recently issued reports on ACN. Bank of America increased their price target on Accenture from $154.00 to $182.00 and gave the stock an underperform rating in a research report on Thursday, June 18th. Wells Fargo & Co downgraded Accenture from an overweight rating to an equal weight rating and increased 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 increased 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. Exane BNP Paribas downgraded Accenture from an outperform rating to a neutral rating in a research report on Wednesday, June 3rd. Finally, Piper Sandler began coverage on Accenture in a research report on Thursday, May 21st. They set a neutral rating and a $196.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $219.44.

Shares of ACN opened at $212.72 on Friday. Accenture has a 52 week low of $137.15 and a 52 week high of $217.89. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $134.08 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 2.78 and a beta of 1.06. The stock’s 50-day moving average price is $199.62 and its 200-day moving average price is $193.06.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, June 25th. The information technology services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.06. The company had revenue of $10.99 billion for 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%. Accenture’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.93 earnings per share. As a group, equities analysts anticipate that Accenture will post 7.63 EPS for the current fiscal year.

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

In other Accenture news, CFO Kathleen R. Mcclure sold 1,125 shares of the firm’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $185.00, for a total transaction of $208,125.00. Following the completion of the sale, the chief financial officer now owns 23,085 shares of the company’s stock, valued at $4,270,725. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Joel Unruch sold 855 shares of the firm’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $175.18, for a total value of $149,778.90. Following the sale, the general counsel now directly owns 24,689 shares of the company’s stock, valued at approximately $4,325,019.02. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,221 shares of company stock valued at $4,169,477. Insiders own 0.10% of the company’s stock.

A number of hedge funds have recently bought and sold shares of ACN. Norges Bank acquired a new stake in Accenture during the fourth quarter worth $1,334,072,000. UBS Asset Management Americas Inc. increased its stake in Accenture by 34.4% during the fourth quarter. UBS Asset Management Americas Inc. now owns 4,616,727 shares of the information technology services provider’s stock worth $972,144,000 after acquiring an additional 1,181,132 shares during the last quarter. GQG Partners LLC increased its stake in Accenture by 8,478.9% during the fourth quarter. GQG Partners LLC now owns 1,009,731 shares of the information technology services provider’s stock worth $212,671,000 after acquiring an additional 997,961 shares during the last quarter. Mawer Investment Management Ltd. increased its stake in Accenture by 70.4% during the first quarter. Mawer Investment Management Ltd. now owns 1,738,725 shares of the information technology services provider’s stock worth $283,864,000 after acquiring an additional 718,170 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its stake in Accenture by 27.4% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 3,146,435 shares of the information technology services provider’s stock worth $662,546,000 after acquiring an additional 676,463 shares during the last quarter. 73.64% of the stock is owned by institutional investors.

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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