Accenture PLC (NYSE:ACN) – Research analysts at Wedbush upped their Q2 2018 earnings per share (EPS) estimates for shares of Accenture in a research note issued on Tuesday. Wedbush analyst M. Katri now forecasts that the information technology services provider will earn $1.45 per share for the quarter, up from their prior forecast of $1.44. Wedbush also issued estimates for Accenture’s Q3 2018 earnings at $1.71 EPS.
Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.01. Accenture had a return on equity of 42.65% and a net margin of 9.37%. The business had revenue of $9.15 billion during the quarter, compared to analysts’ expectations of $9.01 billion. During the same quarter last year, the business posted $1.31 EPS. The business’s revenue was up 7.8% on a year-over-year basis.
Several other brokerages have also issued reports on ACN. Stifel Nicolaus increased their target price on Accenture from $138.00 to $146.00 and gave the stock a “buy” rating in a research report on Thursday, September 7th. Robert W. Baird reissued a “hold” rating and issued a $155.00 target price on shares of Accenture in a research report on Thursday, December 7th. Zacks Investment Research raised Accenture from a “hold” rating to a “buy” rating and set a $151.00 target price for the company in a research report on Thursday, September 14th. Royal Bank of Canada raised their price objective on Accenture from $145.00 to $148.00 and gave the company an “outperform” rating in a research report on Friday, September 29th. Finally, KeyCorp reaffirmed a “buy” rating and set a $149.00 price objective on shares of Accenture in a research report on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Accenture has a consensus rating of “Buy” and a consensus price target of $146.42.
Accenture (ACN) traded down $0.21 during midday trading on Thursday, reaching $151.21. The company’s stock had a trading volume of 1,612,500 shares, compared to its average volume of 2,108,755. Accenture has a 1-year low of $112.31 and a 1-year high of $152.80. The stock has a market cap of $99,930.84, a PE ratio of 25.62, a P/E/G ratio of 2.24 and a beta of 1.08.
The firm also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th were given a $1.33 dividend. The ex-dividend date of this dividend was Wednesday, October 18th. This represents a dividend yield of 1.97%. Accenture’s payout ratio is 48.90%.
In other Accenture news, CFO David Rowland sold 3,702 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $135.04, for a total transaction of $499,918.08. Following the sale, the chief financial officer now directly owns 9,864 shares of the company’s stock, valued at $1,332,034.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Pierre Nanterme sold 38,589 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $135.03, for a total value of $5,210,672.67. Following the sale, the chief executive officer now directly owns 179,083 shares in the company, valued at $24,181,577.49. The disclosure for this sale can be found here. Insiders sold 83,325 shares of company stock worth $11,479,125 over the last 90 days. Company insiders own 0.21% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Janus Henderson Group PLC boosted its holdings in shares of Accenture by 2,531.4% in the second quarter. Janus Henderson Group PLC now owns 2,520,680 shares of the information technology services provider’s stock valued at $311,760,000 after purchasing an additional 2,424,888 shares during the period. Capital International Investors lifted its holdings in Accenture by 89.1% during the third quarter. Capital International Investors now owns 4,670,977 shares of the information technology services provider’s stock worth $630,909,000 after buying an additional 2,200,243 shares during the period. BT Investment Management Ltd purchased a new stake in Accenture during the second quarter worth $220,158,000. BlackRock Inc. lifted its holdings in Accenture by 3.0% during the second quarter. BlackRock Inc. now owns 40,659,545 shares of the information technology services provider’s stock worth $5,028,772,000 after buying an additional 1,196,578 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Accenture by 2.3% during the second quarter. Vanguard Group Inc. now owns 48,468,073 shares of the information technology services provider’s stock worth $5,994,531,000 after buying an additional 1,088,676 shares during the period. 72.51% of the stock is currently owned by institutional investors.
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Accenture 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.
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