Pierre Nanterme Sells 44,625 Shares of Accenture PLC (ACN) Stock
Accenture PLC (NYSE:ACN) CEO Pierre Nanterme sold 44,625 shares of the business’s stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $118.04, for a total transaction of $5,267,535.00. Following the sale, the chief executive officer now directly owns 162,615 shares in the company, valued at approximately $19,195,074.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Accenture PLC (NYSE:ACN) opened at 118.52 on Friday. The firm has a 50-day moving average of $114.51 and a 200-day moving average of $114.89. The company has a market capitalization of $73.79 billion, a P/E ratio of 18.38 and a beta of 1.25. Accenture PLC has a 12 month low of $91.40 and a 12 month high of $124.96.
Accenture PLC (NYSE:ACN) last announced its quarterly earnings results on Thursday, September 29th. The company reported $1.31 earnings per share 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 net margin of 12.00% and a return on equity of 47.07%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.15 EPS. On average, equities analysts predict that Accenture PLC will post $5.93 earnings per share for the current year.
Large investors have recently made changes to their positions in the stock. Cribstone Capital Management LLC purchased a new stake in shares of Accenture PLC during the second quarter valued at $104,000. Exane Derivatives boosted its stake in Accenture PLC by 92.0% in the second quarter. Exane Derivatives now owns 954 shares of the company’s stock valued at $108,000 after buying an additional 457 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in Accenture PLC by 1,091.0% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,060 shares of the company’s stock valued at $120,000 after buying an additional 971 shares in the last quarter. Tanaka Capital Management Inc. boosted its stake in Accenture PLC by 314.8% in the second quarter. Tanaka Capital Management Inc. now owns 1,120 shares of the company’s stock valued at $127,000 after buying an additional 850 shares in the last quarter. Finally, City Holding Co. boosted its stake in Accenture PLC by 8.4% in the second quarter. City Holding Co. now owns 1,221 shares of the company’s stock valued at $138,000 after buying an additional 95 shares in the last quarter. 77.18% of the stock is owned by institutional investors and hedge funds.
ACN has been the topic of a number of research reports. Zacks Investment Research cut shares of Accenture PLC from a “hold” rating to a “sell” rating in a research note on Wednesday, September 14th. Citigroup Inc. boosted their target price on shares of Accenture PLC from $115.50 to $116.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 28th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Accenture PLC in a research note on Monday, July 18th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Accenture PLC in a report on Tuesday, July 19th. Finally, Morgan Stanley reiterated a “hold” rating and set a $120.00 price target on shares of Accenture PLC in a report on Wednesday, September 21st. Ten research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $124.75.
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.
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