Accenture PLC (NYSE:ACN) insider Gianfranco Casati sold 5,000 shares of the firm’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $121.29, for a total transaction of $606,450.00. Following the transaction, the insider now owns 62,160 shares of the company’s stock, valued at $7,539,386.40. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of Accenture PLC (NYSE:ACN) opened at 118.21 on Thursday. The firm’s 50-day moving average is $114.36 and its 200 day moving average is $114.86. Accenture PLC has a 1-year low of $91.40 and a 1-year high of $124.96. The company has a market cap of $73.59 billion, a price-to-earnings ratio of 18.33 and a beta of 1.25.

Accenture PLC (NYSE:ACN) last released its quarterly earnings results on Thursday, September 29th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.01. The business earned $8.49 billion during the quarter. Accenture PLC had a return on equity of 47.07% and a net margin of 12.00%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.15 earnings per share. Equities analysts expect that Accenture PLC will post $5.93 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Accenture PLC (NYSE:ACN)

A number of brokerages have recently commented on ACN. Zacks Investment Research upgraded shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a report on Tuesday. Pacific Crest lifted their price target on shares of Accenture PLC from $129.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday. Jefferies Group lifted their price target on shares of Accenture PLC from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Monday. Cantor Fitzgerald lifted their price target on shares of Accenture PLC from $132.00 to $139.00 and gave the stock a “buy” rating in a report on Monday. Finally, Credit Suisse Group AG set a $124.00 price target on shares of Accenture PLC and gave the stock a “hold” rating in a report on Saturday, October 1st. Ten investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Accenture PLC has an average rating of “Buy” and a consensus price target of $124.75.

A number of hedge funds have recently added to or reduced their stakes in ACN. Marathon Asset Management LLP increased its stake in Accenture PLC by 2.0% in the second quarter. Marathon Asset Management LLP now owns 527,157 shares of the company’s stock worth $59,784,000 after buying an additional 10,094 shares during the last quarter. Bartlett & Co. LLC increased its stake in Accenture PLC by 0.7% in the second quarter. Bartlett & Co. LLC now owns 110,438 shares of the company’s stock worth $12,512,000 after buying an additional 765 shares during the last quarter. Howard Capital Management increased its stake in Accenture PLC by 0.3% in the second quarter. Howard Capital Management now owns 109,623 shares of the company’s stock worth $12,419,000 after buying an additional 317 shares during the last quarter. CIBC World Markets Inc. increased its stake in Accenture PLC by 43.6% in the second quarter. CIBC World Markets Inc. now owns 103,061 shares of the company’s stock worth $11,676,000 after buying an additional 31,315 shares during the last quarter. Finally, Hermes Investment Management Ltd. increased its stake in Accenture PLC by 40.6% in the second quarter. Hermes Investment Management Ltd. now owns 274,458 shares of the company’s stock worth $31,093,000 after buying an additional 79,221 shares during the last quarter. Institutional investors and hedge funds own 77.18% of the company’s stock.

About Accenture PLC

Accenture plc is engaged in providing management consulting, technology and outsourcing services. The Company’s business is structured around five operating groups, which together consists of 19 industry groups serving clients in industries globally. The Company’s segment includes Communications, Media & Technology, Financial Services, Health & Public Service, Products and Resources.

5 Day Chart for NYSE:ACN

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