Insider Selling: Richard Lumb Sells 2,000 Shares of Accenture Plc Stock (ACN)
Accenture Plc (NYSE:ACN) Insider Richard Lumb sold 2,000 shares of the stock on the open market in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $81.38, for a total value of $162,760.00. Following the completion of the sale, the insider now directly owns 148,906 shares in the company, valued at approximately $12,117,970. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on ACN shares. Analysts at Societe Generale raised their price target on shares of Accenture Plc from $80.00 to $84.00 in a research note on Friday, June 27th. They now have a “hold” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Accenture Plc in a research note on Friday, June 27th. They now have a $86.00 price target on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Accenture Plc from $82.00 to $83.00 in a research note on Friday, June 27th. They now have a “market perform” rating on the stock. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Accenture Plc presently has a consensus rating of “Buy” and an average price target of $87.43.
Accenture Plc (NYSE:ACN) traded up 0.60% on Thursday, hitting $81.55. 1,042,859 shares of the company’s stock traded hands. Accenture Plc has a 1-year low of $69.78 and a 1-year high of $85.88. The stock’s 50-day moving average is $81.46 and its 200-day moving average is $81.06. The company has a market cap of $51.632 billion and a P/E ratio of 19.71.
Accenture Plc (NYSE:ACN) last issued its quarterly earnings data on Thursday, June 26th. The company reported $1.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.21 by $0.05. The company had revenue of $7.74 million for the quarter, compared to the consensus estimate of $7.55 million. During the same quarter last year, the company posted $1.14 earnings per share. Accenture Plc’s revenue was up 7.5% compared to the same quarter last year. On average, analysts predict that Accenture Plc will post $4.53 earnings per share for the current fiscal year.
Accenture plc (NYSE:ACN) is engaged in providing management consulting, technology and outsourcing services.
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