Accenture Plc Insider Sells $157,320 in Stock (ACN)
Accenture Plc (NYSE:ACN) Insider Richard Lumb sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $78.66, for a total transaction of $157,320.00. Following the sale, the insider now directly owns 148,049 shares in the company, valued at approximately $11,645,534. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Accenture Plc in a research note on Friday, August 8th. They now have a $81.00 price target on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of Accenture Plc in a research note on Wednesday, July 9th. They set an “equal weight” rating on the stock. Finally, 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. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $87.07.
Accenture Plc (NYSE:ACN) traded up 0.53% on Wednesday, hitting $78.99. 2,103,668 shares of the company’s stock traded hands. Accenture Plc has a one year low of $69.78 and a one year high of $85.88. The stock’s 50-day moving average is $80.0 and its 200-day moving average is $80.70. The company has a market cap of $49.862 billion and a P/E ratio of 19.11.
Accenture Plc (NYSE:ACN) last announced its earnings results on Thursday, June 26th. The company reported $1.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.21 by $0.05. The company had revenue of $7.74 billion for the quarter, compared to the consensus estimate of $7.55 billion. During the same quarter in the prior year, the company posted $1.14 earnings per share. The company’s quarterly revenue 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.
Accenture plc (NYSE:ACN) is engaged in providing management consulting, technology and outsourcing services.
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