Insider Selling: Accenture Plc Insider Sells 2,110 Shares of Stock (ACN)
Accenture Plc (NYSE:ACN) Insider Daniel T. London sold 2,110 shares of the company’s stock on the open market in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $81.04, for a total value of $170,994.40. Following the completion of the sale, the insider now directly owns 28,354 shares of the company’s stock, valued at approximately $2,297,808. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on ACN. 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 research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Accenture Plc currently has a consensus rating of “Buy” and a consensus target price of $87.43.
Shares of 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 price-to-earnings ratio of 19.83.
Accenture Plc (NYSE:ACN) last posted its quarterly earnings results 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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