Accenture Plc (NYSE:ACN) opened trading today as $96.05 and is trading in the range of 95.67-97.79 today. The stock has a market capitalization of $61.02 billion and a price-to-earnings ratio of 20.84.
The change was measured at 793,120 shares or 7.1%. The days to cover are 4, given the average daily volume of 2,667,284 shares.
Accenture expects net revenues for the first quarter of fiscal 2016 to be in the range of $7.70 billion to $7.95 billion, a growth rate of 6 percent to 9 percent in local currency. The company had revenue of $7.90 billion for the quarter. Revenues before reimbursements were reported to be $7.89 billion, up from $7.78 billion past year and would have been up by 12% when adjusted for the impact of foreign exchange. For the full fiscal year, we gained substantial market share, delivered strong new bookings, earnings per share and free cash flow, and returned $3.8 billion in cash to our shareholders.
The stock has increased 23 percent in the last 12 months. The shares were sold at an average price of $97.58, for a total value of $4,621,681.54. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Richard Lumb sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The disclosure for this sale can be found here. Barclays reaffirmed a hold rating on shares of Accenture Plc in a research report on Saturday, June 27th. JPMorgan Chase & Co. upped their price target on shares of Accenture Plc from $103.00 to $117.00 and gave the stock an “overweight” rating in a report on Friday, August 14th. In a research note released to the investors, Argus Research upgrades its rating on Accenture plc.
Accenture plc. (NYSE:ACN) has received a hold rating for the short term, according to the latest rank of 3 from research firm, Zacks. Finally, BMO Capital Markets raised their price objective on shares of Accenture Plc from $96.00 to $100.00 and gave the company a “market perform” rating in a research note on Friday, June 26th. They issued a “buy” rating and a $115.00 target price on the stock. The company has a consensus rating of Hold and an average price target of $102.67.
Management was not expecting that much interest in this particular service category, which makes digital a clear driver of Accenture’s surprising growth figures. The business of the Firm is structured around five operating groups, which collectively consists of 19 industry groups serving clients in industries internationally.
Sales were particularly strong in the health and public service and communications and technology departments, held back by lower orders in the natural resources division. The Communications, Technology & Media section functions the communications, electronics, technology, media and entertainment industries.