[Business Wire] – Accenture announced an agreement with Berkshire Hathaway Specialty Insurance to deploy the Accenture Duck Creek Suite through a Software as a Service model to support the insurer’s policy, claims and billing functions.
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Accenture plc (ACN), valued at $50.28B, started the session at $79.24.
Looking at the equity, the company’s one day range is $79.20 to $79.54 with the price of the stock fluctuating between $69.00 to $85.88 over the last 52 weeks.
ACN shares are currently priced at 17.48x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -5.76x earnings multiple.
And for dividend hunters, the company pays shareholders $1.86 per share annually in dividends, yielding 2.40%.
According to a consensus of 21 analysts, the earnings estimate of $1.21 per share would be $0.07 better than the year-ago quarter and a $0.01 sequential increase. The full-year EPS estimate is $4.53, which would be a $0.32 better than last year.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $7.54 Billion. If realized, that would be a 4.72% increase over the year-ago quarter.
In terms of ratings, RBC Capital Mkts Initiated ACN at Outperform (Dec 12, 2013). Previously, Robert W. Baird upgraded ACN from Neutral to Outperform.
The average price target for ACN shares by the analysts covering it is $86.95, which is 9.73% above where the stock opened.
Summary (NYSE:ACN) : Accenture plc provides management consulting, technology, and business process outsourcing (BPO) services worldwide. The company operates through Communications, Media & Technology; Financial Services; Health & Public Service; Products; and Resources segments. It offers management consulting services in the finance and enterprise performance, operations, risk management, sales and customer service, strategy, sustainability, and talent and organization management areas; and industry-specific management consulting services. The company also offers system integration consulting services and solutions, including enterprise solutions and enterprise resource planning, industry and functional solutions, information management services, custom solutions, and Microsoft solutions; and technology consulting services and solutions comprising information technology (IT) strategy, infrastructure and IT security consulting, and application modernization and optimization. In addition, it provides technology outsourcing services, such as application outsourcing services; infrastructure outsourcing services in service desk, workplace, data-center, network, security, and IT spend management service areas; and cloud computing, mobility, and embedded software services. Further, the company provides BPO services for business functions and processes, including finance and accounting, human resources, learning and procurement, and others, as well as industry-specific BPO services, such as credit services. It serves communications, electronics and high technology, media and entertainment, banking, capital markets, insurance, health, public service, airlines, freight and logistics, travel, automotive, consumer goods and service, industrial equipment, infrastructure and transportation service, life sciences, retail, chemical, energy, natural resources, and utility industries. Accenture plc has a strategic collaboration with Marriott International, Inc. The company is based in Dublin, Ireland.