UBS Raises Price Target on Accenture (ACN) to $125; Remains Sidelined

Go back to UBS Raises Price Target on Accenture (ACN) to $125; Remains Sidelined

Push to digital helps Accenture beat revenue estimate

September 29, 2016 7:36 AM EDT

By Rishika Sadam

(Reuters) - Consulting and outsourcing services provider Accenture Plc (NYSE: ACN) reported better-than-expected quarterly revenue and profit as its investments to boost digital and cloud services pay off.

Shares of the company were up 5.4 percent on Thursday and was the biggest boost on the S&P 500. They touched a record high of $124.96 earlier in the session.

Increasing demand for digital services from businesses has forced IT service providers to beef up their security, cloud and analytics services.... More

Accenture (ACN) Raises Semi-Annual Dividend 10% to $1.21; 2.1% Yield

September 29, 2016 7:17 AM EDT

Accenture (NYSE: ACN) declared a semi-annual dividend of $1.21 per share, or $2.42 annualized. This is a 10% increase from the prior dividend of $1.10.

The dividend will be payable on November 15, 2016, to stockholders of record on October 18, 2016, with an ex-dividend date of October 14,... More

Accenture (ACN) Tops Q4 EPS by 1c; Guides FY17

September 29, 2016 7:00 AM EDT

Accenture (NYSE: ACN) reported Q4 EPS of $1.31, $0.01 better than the analyst estimate of $1.30. Revenue for the quarter came in at $8.49 billion versus the consensus estimate of $8.46 billion.

GUIDANCE:

First Quarter Fiscal 2017

Accenture expects net revenues for... More

Trading Radar for 9/29: Pepsi (PEP), Accenture (ACN), Costco (COST), ConAgra (CAG) Report

September 28, 2016 2:40 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

GDP: Third Estimate - Street sees 1.3%GDP Deflator: Third Estimate - Street sees 2.3%Initial Claims - Street sees... More

Accenture (ACN) weekly volatility increases on more calls than puts into Q4 and outlook

September 28, 2016 11:49 AM EDT

Accenture (NYSE: ACN) September weekly call option implied volatility is at 56. October is at 24; compared to its 52-week range of 14 to 33 into the expected release of Q4 results on September 29. September weekly 118 and 120 calls are active on total call volume of 8,400 contracts (3,900 puts).

... More