Market Update (NYSE:ACN): Cushman & Wakefield Teams with Accenture, Workday to Transform Finance and Human Resources with Digital, Analytic, Cloud Solutions

[PR Newswire] – CHICAGO, Jan. 21, 2016 /PRNewswire/ — Cushman & Wakefield, a global leader in commercial real estate services, announced today an evolution of its processes and technologies that will result in better outcomes, expanded capabilities and powerful analytics – all in the name of enhancing the client experience. To that end, Cushman & Wakefield has selected Accenture (ACN) to provide consulting services to help the company design and implement standardized HR and finance back-office processes, enabled by digital, analytic, and cloud capabilities. In addition, Accenture will manage select HR and finance and accounting functions through its business process outsourcing services, leveraging a digitally-enabled workforce. Read more on this. Accenture plc (ACN) , with a current value of $61.84B, began trading this morning at $99.04. During the trading session, ACN traded between $98.00 to $99.92 with a trailing 52-week range being $83.47 to $109.86. Priced at 19.01x this year’s forecasted earnings, ACN shares are relatively expensive compared to the industry’s 12.46x forward p/e ratio. The company pays shareholders $2.20 per share annually in dividends, yielding 2.17%. Consensus earnings for the current quarter by the 24 sell-side analysts covering the stock is an estimate of $1.18 per share, which would be $0.10 better than the year-ago quarter and a $0.01 sequential increase. The full-year EPS estimate is $5.21 which would be a $0.39 improvement than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $7.72 Billion. If reported, that would be a 3.07% increase over the year-ago quarter. More recently, Cantor Fitzgerald Initiated ACN at Buy (Oct 16, 2015). Previously, Argus upgraded ACN from Hold to Buy. The average price target for ACN shares by the analysts covering it is $112.74, which is 13.83% above where the stock opened. See more in (NYSE:ACN) Similar Articles: Stock Update: Accenture plc (NYSE:ACN) – Accenture Acquires CRMWaypoint to Strengthen its Cloud First Agenda and Salesforce Capabilities Market Update (NYSE:ACN): Accenture and Oracle Launch Hospitality Finance Cloud Solution to Help Clients Improve Financial Management Performance Stock Update: Accenture plc (NYSE:ACN) – U.S. Health Systems to Increase Acquisitions of Clinics, Physician Practices and Digital Resources, Accenture Forecasts