Insider Selling: Accenture PLC (ACN) Insider Sells $86,651.11 in Stock
Accenture PLC (NYSE:ACN) insider Daniel T. London sold 637 shares of the business’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $136.03, for a total value of $86,651.11. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Accenture PLC (NYSE ACN) opened at 139.20 on Friday. Accenture PLC has a 12-month low of $112.31 and a 12-month high of $139.65. The stock’s 50 day moving average price is $134.60 and its 200 day moving average price is $126.52. The company has a market capitalization of $85.96 billion, a price-to-earnings ratio of 25.58 and a beta of 1.08.
Accenture PLC (NYSE:ACN) last announced its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. The firm had revenue of $9.15 billion during the quarter, compared to analysts’ expectations of $9.01 billion. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.31 earnings per share. On average, equities research analysts anticipate that Accenture PLC will post $6.56 earnings per share for the current fiscal year.
The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th will be issued a dividend of $1.33 per share. This represents a dividend yield of 1.97%. The ex-dividend date is Wednesday, October 18th. Accenture PLC’s payout ratio is 44.49%.
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A number of brokerages have commented on ACN. BMO Capital Markets restated a “hold” rating and set a $130.00 price objective (up previously from $125.00) on shares of Accenture PLC in a research note on Thursday, June 22nd. Zacks Investment Research upgraded Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research note on Monday, August 28th. Wells Fargo & Company reiterated an “outperform” rating and issued a $138.00 price target (up previously from $131.50) on shares of Accenture PLC in a research note on Friday, June 16th. Berenberg Bank reiterated a “buy” rating and issued a $160.00 price target on shares of Accenture PLC in a research note on Thursday, September 21st. Finally, SunTrust Banks, Inc. set a $130.00 price target on Accenture PLC and gave the stock a “hold” rating in a research note on Sunday, October 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Accenture PLC currently has a consensus rating of “Buy” and an average target price of $141.84.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of Accenture PLC during the second quarter worth approximately $533,000. TCI Wealth Advisors Inc. increased its holdings in shares of Accenture PLC by 23.4% during the second quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock worth $106,000 after buying an additional 162 shares in the last quarter. Bellwether Investment Group LLC increased its holdings in shares of Accenture PLC by 64.2% during the first quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock worth $110,000 after buying an additional 359 shares in the last quarter. Manchester Capital Management LLC increased its holdings in shares of Accenture PLC by 7.0% during the second quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock worth $114,000 after buying an additional 60 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Accenture PLC by 2.0% during the first quarter. Parkside Financial Bank & Trust now owns 978 shares of the information technology services provider’s stock worth $117,000 after buying an additional 19 shares in the last quarter. 77.73% of the stock is owned by institutional investors.
About Accenture PLC
Accenture plc is a professional services company serving clients in various industries and in geographic regions, including North America, Europe and Growth Markets. The Company provides management and technology consulting services. Its segments include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources.
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