Accenture (NYSE:ACN) had its price target increased by UBS Group from $160.00 to $215.00 in a report published on Friday, Benzinga reports. UBS Group currently has a neutral rating on the information technology services provider’s stock.
Several other brokerages have also commented on ACN. Morgan Stanley raised their price target on shares of Accenture from $185.00 to $230.00 and gave the company an overweight rating in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Accenture from $227.00 to $188.00 and set an overweight rating for the company in a report on Tuesday, March 17th. BNP Paribas cut shares of Accenture from an outperform rating to a neutral rating in a report on Wednesday, June 3rd. Piper Sandler started coverage on shares of Accenture in a report on Thursday, May 21st. They issued a neutral rating and a $196.00 price objective for the company. Finally, Stifel Nicolaus increased their price objective on shares of Accenture from $184.00 to $236.00 and gave the company a buy rating in a report on Friday, June 19th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the company’s stock. Accenture has a consensus rating of Buy and a consensus price target of $219.44.
Shares of NYSE:ACN opened at $212.72 on Friday. The firm’s 50 day moving average is $199.62 and its two-hundred day moving average is $193.06. Accenture has a 52 week low of $137.15 and a 52 week high of $217.89. The firm has a market capitalization of $134.08 billion, a P/E ratio of 27.84, a PEG ratio of 2.78 and a beta of 1.06. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.17.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 16th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Wednesday, July 15th. Accenture’s payout ratio is 43.48%.
In related news, insider Ellyn Shook sold 1,251 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $185.00, for a total value of $231,435.00. Following the completion of the transaction, the insider now owns 23,927 shares of the company’s stock, valued at approximately $4,426,495. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jean-Marc Ollagnier sold 4,499 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $175.21, for a total transaction of $788,269.79. Following the completion of the transaction, the insider now directly owns 180,110 shares of the company’s stock, valued at approximately $31,557,073.10. The disclosure for this sale can be found here. Insiders sold a total of 23,221 shares of company stock valued at $4,169,477 in the last ninety days. Company insiders own 0.10% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. State Street Corp boosted its stake in Accenture by 0.9% in the 1st quarter. State Street Corp now owns 26,989,659 shares of the information technology services provider’s stock worth $4,406,390,000 after purchasing an additional 235,852 shares during the period. NovaPoint Capital LLC boosted its stake in Accenture by 1.1% in the 1st quarter. NovaPoint Capital LLC now owns 9,291 shares of the information technology services provider’s stock worth $1,517,000 after purchasing an additional 103 shares during the period. Pathstone Family Office LLC boosted its stake in Accenture by 50.7% in the 1st 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 position in Accenture by 139.9% in the 1st quarter. Core Alternative Capital now owns 28,647 shares of the information technology services provider’s stock worth $4,677,000 after buying an additional 16,704 shares in the last quarter. Finally, Confluence Investment Management LLC lifted its position in Accenture by 1.0% in the 1st quarter. Confluence Investment Management LLC now owns 142,374 shares of the information technology services provider’s stock worth $23,244,000 after buying an additional 1,432 shares in the last quarter. 73.64% of the stock is owned by hedge funds and other institutional investors.
Accenture Company Profile
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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