Accenture Ends Friday Up 7.8% After Hitting 52-Week High (ACN)

Shares of Accenture plc. ACN ended the Friday trading session up 7.8% at $50.32 per share. Accenture's shares surged after the company announced financial results on Thursday after the market closed that beat Wall Street estimates and raised its guidance. Chairman & CEO William D. Green said, “We continue to see strong demand for our services, demonstrated by bookings of more than $6.3 billion in the quarter, including our highest consulting bookings in more than two years. Accenture continues on a solid growth trajectory; we've raised our revenue outlook for the full year and are well positioned for the future. We remain focused on driving the business to capture growth and market share — and to deliver strong results for our clients and our shareholders alike.” The day's range for shares of Accenture plc was between $49.89 and a 52-week high of $51.43 per share. The average price target of analysts who cover Accenture plc. (ACN) is $49.06 per share. Volume of 17.8 million shares was more than 4 times the daily average volume of 4 million shares. Read more from Benzinga's Company news.