Accenture (ACN) to Announce Quarterly Earnings on Thursday

Accenture (NYSE:ACN) will post its quarterly earnings results before the market opens on Thursday, September 26th. Analysts expect Accenture to post earnings of $2.77 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Accenture Stock Up 0.1 %

Shares of Accenture stock opened at $339.64 on Wednesday. Accenture has a 52 week low of $278.69 and a 52 week high of $387.51. The company has a 50 day moving average price of $332.73 and a 200 day moving average price of $321.04. The firm has a market capitalization of $212.85 billion, a P/E ratio of 31.10, a PEG ratio of 3.82 and a beta of 1.24.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ACN. Citigroup increased their target price on Accenture from $350.00 to $405.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. Barclays reduced their price target on shares of Accenture from $390.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, June 17th. Morgan Stanley lowered Accenture from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $382.00 to $300.00 in a research note on Wednesday, June 26th. The Goldman Sachs Group began coverage on Accenture in a research report on Monday, June 24th. They set a “neutral” rating and a $335.00 price target for the company. Finally, Jefferies Financial Group lowered their target price on shares of Accenture from $340.00 to $275.00 and set a “hold” rating on the stock in a research note on Wednesday, June 5th. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Accenture has a consensus rating of “Moderate Buy” and a consensus price target of $356.14.

Insider Transactions at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 3,776 shares of the business’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $309.05, for a total transaction of $1,166,972.80. Following the sale, the chief executive officer now directly owns 11,819 shares in the company, valued at approximately $3,652,661.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Julie Spellman Sweet sold 3,776 shares of Accenture stock in a transaction on Friday, July 12th. The stock was sold at an average price of $309.05, for a total transaction of $1,166,972.80. Following the completion of the transaction, the chief executive officer now directly owns 11,819 shares of the company’s stock, valued at $3,652,661.95. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Kathleen R. Mcclure sold 1,500 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $315.00, for a total value of $472,500.00. Following the completion of the transaction, the chief financial officer now owns 38,570 shares of the company’s stock, valued at approximately $12,149,550. The disclosure for this sale can be found here. In the last three months, insiders sold 21,421 shares of company stock valued at $6,912,635. Corporate insiders own 0.07% of the company’s stock.

Accenture Company Profile

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.