Accenture (NYSE:ACN) Given New $364.00 Price Target at Deutsche Bank Aktiengesellschaft

Accenture (NYSE:ACNGet Rating) had its price target dropped by analysts at Deutsche Bank Aktiengesellschaft from $440.00 to $364.00 in a report released on Friday, The Fly reports. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 34.37% from the company’s current price.

Several other analysts have also recently issued reports on the company. Morgan Stanley cut their target price on Accenture from $480.00 to $390.00 and set an “overweight” rating on the stock in a research note on Tuesday. BMO Capital Markets cut their target price on Accenture from $460.00 to $385.00 in a research note on Friday, March 18th. StockNews.com assumed coverage on Accenture in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Cowen cut their price objective on Accenture from $375.00 to $330.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Piper Sandler cut their price objective on Accenture from $433.00 to $368.00 and set a “neutral” rating on the stock in a research report on Friday, March 18th. Seven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $375.94.

ACN opened at $270.90 on Friday. The company has a market cap of $171.73 billion, a P/E ratio of 27.31, a P/E/G ratio of 2.60 and a beta of 1.24. The business’s 50-day moving average price is $299.60 and its 200-day moving average price is $332.77. Accenture has a 12 month low of $268.17 and a 12 month high of $417.37.

Accenture (NYSE:ACNGet Rating) last posted its earnings results on Thursday, March 17th. The information technology services provider reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.18. The company had revenue of $15.05 billion for the quarter, compared to analysts’ expectations of $14.67 billion. Accenture had a return on equity of 31.16% and a net margin of 11.28%. Accenture’s quarterly revenue was up 24.5% on a year-over-year basis. During the same period last year, the firm earned $2.03 earnings per share. Analysts expect that Accenture will post 10.8 earnings per share for the current year.

In other news, insider Ellyn Shook sold 750 shares of the business’s stock in a transaction that occurred on Monday, April 25th. The shares were sold at an average price of $310.55, for a total value of $232,912.50. Following the sale, the insider now directly owns 21,846 shares of the company’s stock, valued at approximately $6,784,275.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jean-Marc Ollagnier sold 6,250 shares of the company’s stock in a transaction that occurred on Monday, April 18th. The stock was sold at an average price of $315.13, for a total transaction of $1,969,562.50. Following the sale, the insider now directly owns 165,866 shares in the company, valued at $52,269,352.58. The disclosure for this sale can be found here. Insiders sold 10,757 shares of company stock valued at $3,386,681 in the last ninety days. 0.07% of the stock is owned by corporate insiders.

Several institutional investors have recently modified their holdings of the company. HHM Wealth Advisors LLC purchased a new position in shares of Accenture in the 4th quarter valued at about $31,000. Citizens National Bank Trust Department acquired a new position in Accenture during the fourth quarter valued at approximately $31,000. Ten Capital Wealth Advisors LLC raised its stake in shares of Accenture by 111.1% during the fourth quarter. Ten Capital Wealth Advisors LLC now owns 76 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 40 shares during the period. Ulland Investment Advisors LLC purchased a new stake in shares of Accenture during the first quarter valued at approximately $29,000. Finally, Blue Bell Private Wealth Management LLC purchased a new stake in shares of Accenture during the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 74.46% of the company’s stock.

About Accenture (Get Rating)

Accenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operations services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management, intelligent automation comprises robotic process automation, natural language processing, and virtual agents, and liquid application management services, as well as program, project, and service management services; strategy consulting services; critical data elements, data management and governance, data platform and architecture, product-based organization and skills, business adoption, and value realization services; engineering, and research and development digitization; smart connected product design and development; product platform engineering and modernization; product as-a-service enablement; products related to production and operations; autonomous robotics systems; the digital transformation of capital projects; and digital industrial workforce solutions.

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