Accenture Plc (ACN) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 128 from a previous price target of $116 . Stifel advised their investors in a research report released on May 20, 2016.
Many Wall Street Analysts have commented on Accenture Plc. Company shares were Reiterated by UBS on Mar 28, 2016 to “Neutral”, Firm has raised the Price Target to $ 115 from a previous price target of $109 .Company shares were Reiterated by Stifel on Mar 21, 2016 to “Buy”, Firm has raised the Price Target to $ 116 from a previous price target of $113 .
On the company’s financial health, Accenture Plc reported $1.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on Mar 24, 2016. Analyst had a consensus of $1.18. The company had revenue of $7945.60 million for the quarter, compared to analysts expectations of $7723.48 million. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS.
Accenture Plc closed down -0.49 points or -0.42% at $116.03 with 17,52,528 shares getting traded on Thursday. Post opening the session at $116.27, the shares hit an intraday low of $114.59 and an intraday high of $116.27 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on May 13, 2016, Richard Lumb (Group Chief Executive-Fin Serv) sold 2,500 shares at $116.45 per share price. According to the SEC, on Apr 11, 2016, Marjorie Magner (director) sold 3,000 shares at $112.49 per share price. On Apr 7, 2016, Daniel T London (Grp Chief Exec-Health & PS) sold 5,363 shares at $114.46 per share price, according to the Form-4 filing with the securities and exchange commission.
Accenture plc is engaged in providing management consulting technology and outsourcing services. The Companys business is structured around five operating groups which together consists of 19 industry groups serving clients in industries globally. The Companys segment includes Communications Media & Technology Financial Services Health & Public Service Products and Resources. The Communications Media & Technology segment serves the communications electronics technology media and entertainment industries. The Financial Services segment serves the banking capital markets and insurance industries. The Health & Public Service segment serves healthcare payers and providers government departments public service organizations educational institutions and non-profit organizations. The Products segment serves consumer-relevant industries. The Resources segment serves the chemicals energy forest products metals and mining utilities and related industries.