Accenture PLC (NYSE:ACN) insider Daniel T. London sold 4,808 shares of the firm’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $128.05, for a total value of $615,664.40. Following the transaction, the insider now owns 22,681 shares in the company, valued at approximately $2,904,302.05. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Accenture PLC (ACN) traded up 0.864% during trading on Tuesday, hitting $129.116. The stock had a trading volume of 789,068 shares. Accenture PLC has a 52-week low of $108.83 and a 52-week high of $129.31. The stock has a 50 day moving average of $125.59 and a 200 day moving average of $121.29. The firm has a market cap of $79.79 billion, a PE ratio of 22.865 and a beta of 1.11.

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

ILLEGAL ACTIVITY WARNING: This article was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & international copyright and trademark law. The original version of this article can be read at https://www.americanbankingnews.com/2017/07/25/accenture-plc-acn-insider-daniel-t-london-sells-4808-shares.html.

A number of large investors have recently modified their holdings of ACN. Coconut Grove Bank boosted its stake in shares of 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 in the last quarter. Farmers & Merchants Investments Inc. boosted its stake in shares of 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 in the last quarter. Howe & Rusling Inc. boosted its stake in shares of 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 in the last quarter. Bellwether Investment Group LLC boosted its stake in shares of 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 in the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Accenture PLC by 2.0% in the first quarter. Parkside Financial Bank & Trust now owns 978 shares of the information technology services provider’s stock valued at $117,000 after buying an additional 19 shares in the last quarter. Institutional investors own 77.43% of the company’s stock.

A number of brokerages have weighed in on ACN. Morgan Stanley set a $132.00 target price on Accenture PLC and gave the company a “hold” rating in a report on Friday, June 16th. Robert W. Baird reissued a “neutral” rating and set a $138.00 price objective (up previously from $132.00) on shares of Accenture PLC in a report on Wednesday, June 14th. BMO Capital Markets reissued a “hold” rating and set a $130.00 price objective (up previously from $125.00) on shares of Accenture PLC in a report on Thursday, June 22nd. Wells Fargo & Company reissued an “outperform” rating and set a $138.00 price objective (up previously from $131.50) on shares of Accenture PLC in a report on Friday, June 16th. Finally, Zacks Investment Research downgraded Accenture PLC from a “hold” rating to a “sell” rating in a report on Tuesday, May 30th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Accenture PLC presently has an average rating of “Buy” and a consensus target price 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)

Receive News & Ratings for Accenture PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture PLC and related companies with MarketBeat.com's FREE daily email newsletter.