Accenture PLC (NYSE:ACN) insider Richard Lumb sold 2,200 shares of the firm’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $127.51, for a total value of $280,522.00. Following the sale, the insider now directly owns 119,942 shares in the company, valued at approximately $15,293,804.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Richard Lumb also recently made the following trade(s):

  • On Wednesday, May 10th, Richard Lumb sold 2,200 shares of Accenture PLC stock. The shares were sold at an average price of $121.06, for a total value of $266,332.00.
  • On Monday, April 24th, Richard Lumb sold 2,200 shares of Accenture PLC stock. The shares were sold at an average price of $120.00, for a total value of $264,000.00.

Shares of Accenture PLC (NYSE:ACN) traded up 0.59% during mid-day trading on Thursday, reaching $128.54. The company had a trading volume of 1,655,339 shares. Accenture PLC has a 12-month low of $108.83 and a 12-month high of $128.76. The company has a market capitalization of $79.44 billion, a P/E ratio of 22.76 and a beta of 1.11. The firm has a 50-day moving average of $125.31 and a 200-day moving average of $121.02.

Accenture PLC (NYSE:ACN) last issued its quarterly earnings data on Thursday, June 22nd. The information technology services provider reported $1.52 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.52. Accenture PLC had a net margin of 9.92% and a return on equity of 43.96%. The business had revenue of $8.87 billion during the quarter, compared to analyst estimates of $8.82 billion. During the same period last year, the business posted $1.41 earnings per share. Accenture PLC’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities analysts anticipate that Accenture PLC will post $5.90 earnings per share for the current fiscal year.

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Hedge funds have recently modified their holdings of the company. Coconut Grove Bank increased its position in Accenture PLC by 75.7% in the first quarter. Coconut Grove Bank now owns 845 shares of the information technology services provider’s stock valued at $101,000 after buying an additional 364 shares during the last quarter. Farmers & Merchants Investments Inc. increased its position in Accenture PLC by 1.3% in the first quarter. Farmers & Merchants Investments Inc. now owns 865 shares of the information technology services provider’s stock valued at $104,000 after buying an additional 11 shares during the last quarter. Howe & Rusling Inc. increased its position in Accenture PLC by 14.2% in the first quarter. Howe & Rusling Inc. now owns 908 shares of the information technology services provider’s stock valued at $109,000 after buying an additional 113 shares during the last quarter. Bellwether Investment Group LLC increased its position in Accenture PLC by 64.2% in the first quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock valued at $110,000 after buying an additional 359 shares during the last quarter. Finally, Independent Advisor Alliance purchased a new position in Accenture PLC during the fourth quarter valued at approximately $116,000. Institutional investors and hedge funds own 77.35% of the company’s stock.

ACN has been the topic of several recent research reports. BMO Capital Markets reissued a “hold” rating and set a $123.00 price objective on shares of Accenture PLC in a report on Thursday, March 23rd. Deutsche Bank AG raised their price objective on Accenture PLC from $127.00 to $133.00 and gave the company a “buy” rating in a report on Friday, March 24th. Credit Suisse Group reissued a “hold” rating and set a $124.00 price objective on shares of Accenture PLC in a report on Friday, March 24th. Evercore ISI reissued an “outperform” rating on shares of Accenture PLC in a report on Saturday, March 25th. Finally, Cowen and Company reissued an “outperform” rating and set a $131.00 price objective on shares of Accenture PLC in a report on Monday, March 27th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $130.71.

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.

Insider Buying and Selling by Quarter for Accenture PLC (NYSE:ACN)

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