Accenture (NYSE:ACN) updated its FY19 earnings guidance on Thursday. The company provided EPS guidance of $7.28-7.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.33.
Several research firms have recently weighed in on ACN. Cantor Fitzgerald boosted their target price on Accenture from $185.00 to $199.00 and gave the company an overweight rating in a report on Friday, March 29th. Wells Fargo & Co reissued a hold rating on shares of Medidata Solutions in a report on Thursday, June 13th. Robert W. Baird boosted their target price on Total System Services from $98.00 to $110.00 and gave the company an outperform rating in a report on Friday, March 29th. Berenberg Bank raised easyJet to a hold rating in a report on Monday, April 1st. Finally, ValuEngine raised The Western Union from a sell rating to a hold rating in a report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $191.13.
ACN opened at $196.21 on Friday. The firm’s 50 day moving average is $184.34. The stock has a market cap of $131.85 billion, a P/E ratio of 29.11, a PEG ratio of 2.59 and a beta of 1.05. Accenture has a 52 week low of $132.63 and a 52 week high of $196.23.
Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, June 27th. The information technology services provider reported $1.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.89 by $0.04. The firm had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $11.03 billion. Accenture had a return on equity of 36.24% and a net margin of 10.93%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.79 EPS. On average, equities research analysts predict that Accenture will post 7.33 EPS for the current year.
In other news, insider Richard Lumb sold 18,000 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $181.19, for a total transaction of $3,261,420.00. Following the completion of the transaction, the insider now directly owns 95,215 shares of the company’s stock, valued at approximately $17,252,005.85. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Chad T. Jerdee sold 2,441 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $177.77, for a total value of $433,936.57. Following the transaction, the general counsel now directly owns 13,381 shares of the company’s stock, valued at $2,378,740.37. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,823 shares of company stock valued at $11,734,229. 0.18% of the stock is owned by company insiders.
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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