Accenture Plc CEO Unloads $656,910 in Stock (ACN)
Accenture Plc (NYSE:ACN) CEO Pierre Nanterme sold 8,100 shares of the company’s stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $81.10, for a total transaction of $656,910.00. Following the completion of the transaction, the chief executive officer now directly owns 316,409 shares of the company’s stock, valued at approximately $25,660,770. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Accenture Plc (NYSE:ACN) traded down 0.61% on Monday, hitting $81.05. The stock had a trading volume of 2,083,541 shares. Accenture Plc has a 52 week low of $69.78 and a 52 week high of $85.88. The stock has a 50-day moving average of $81.5 and a 200-day moving average of $81.07. The company has a market cap of $51.162 billion and a P/E ratio of 19.83.
Accenture Plc (NYSE:ACN) last issued its quarterly earnings data on Thursday, June 26th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.14 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, analysts predict that Accenture Plc will post $4.53 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. 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 analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $87.43.
Accenture plc (NYSE:ACN) is engaged in providing management consulting, technology and outsourcing services.
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