Analysts Offer Insights on Technology Companies: Ansys (NASDAQ: ANSS) and Accenture (NYSE: ACN)

By Jason Carr

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Ansys (NASDAQ: ANSS) and Accenture (NYSE: ACN).

Ansys (NASDAQ: ANSS)

In a report issued on September 14, Ross MacMillan from RBC Capital reiterated a Hold rating on Ansys (NASDAQ: ANSS), with a price target of $130. The company’s shares closed yesterday at $121.82.

According to TipRanks.com, MacMillan is a top 25 analyst with an average return of 22.2% and a 81.7% success rate. MacMillan covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Intralinks Holdings, and Verint Systems Inc.

Currently, the analyst consensus on Ansys is Hold and the average price target is $120.17, representing a -1.4% downside.

In a report issued on September 13, Evercore ISI also assigned a Hold rating to the stock with a $113 price target.
Accenture (NYSE: ACN)

RBC Capital analyst Daniel Perlin reiterated a Buy rating on Accenture (NYSE: ACN) yesterday and set a price target of $145. The company’s shares closed yesterday at $135.35, close to its 52-week high of $136.95.

According to TipRanks.com, Perlin is a top 100 analyst with an average return of 19.4% and a 85.8% success rate. Perlin covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Automatic Data Processing, and Bottomline Technologies.

Currently, the analyst consensus on Accenture is Moderate Buy and the average price target is $136.80, representing a 1.1% upside.

In a report issued on September 12, Merrill Lynch also initiated coverage with a Buy rating on the stock with a $150 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.