Accenture (NYSE:ACN) updated its FY19 earnings guidance on Thursday. The company provided earnings per share guidance of $7.28-7.35 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.33.
A number of research firms have issued reports on ACN. BMO Capital Markets lowered their price target on Methanex from $70.00 to $65.00 and set an outperform rating for the company in a research report on Friday, June 28th. UBS Group set a $170.00 price target on United Rentals and gave the company a buy rating in a research report on Friday, June 28th. SunTrust Banks boosted their price target on Accenture to $180.00 and gave the company a hold rating in a research report on Friday, March 29th. They noted that the move was a valuation call. Bank of America set a $7.00 price target on CannTrust and gave the company a buy rating in a research report on Thursday, June 20th. Finally, Wells Fargo & Co reissued a hold rating on shares of Medidata Solutions in a research report on Thursday, June 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. Accenture presently has a consensus rating of Buy and an average target price of $191.13.
Shares of NYSE ACN traded up $2.96 on Thursday, hitting $194.67. The company had a trading volume of 1,862,461 shares, compared to its average volume of 1,912,339. Accenture has a 12-month low of $132.63 and a 12-month high of $194.67. The company has a 50 day moving average price of $183.99. The firm has a market cap of $129.57 billion, a price-to-earnings ratio of 28.88, a P/E/G ratio of 2.53 and a beta of 1.05.
In other news, insider ‘T Noordende Alexander M. Van sold 8,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $177.78, for a total value of $1,422,240.00. Following the completion of the sale, the insider now owns 116,753 shares of the company’s stock, valued at $20,756,348.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Richard Lumb sold 2,000 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $186.35, for a total value of $372,700.00. Following the completion of the sale, the insider now directly owns 77,240 shares of the company’s stock, valued at approximately $14,393,674. The disclosure for this sale can be found here. Insiders sold 65,823 shares of company stock valued at $11,734,229 in the last ninety days. Company insiders own 0.18% of the company’s stock.
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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