Accenture PLC (NYSE:ACN) insider Richard Lumb sold 2,200 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $129.26, for a total transaction of $284,372.00. Following the completion of the transaction, the insider now directly owns 119,013 shares of the company’s stock, valued at approximately $15,383,620.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

  • On Wednesday, July 19th, Richard Lumb sold 2,200 shares of Accenture PLC stock. The shares were sold at an average price of $127.51, for a total transaction of $280,522.00.

Accenture PLC (NYSE:ACN) traded down 1.06% on Thursday, hitting $128.24. 1,800,865 shares of the stock traded hands. Accenture PLC has a 52 week low of $108.83 and a 52 week high of $130.67. The firm has a market capitalization of $79.25 billion, a PE ratio of 22.71 and a beta of 1.11. The stock has a 50 day moving average of $126.45 and a 200 day moving average of $122.38.

Accenture PLC (NYSE:ACN) last announced its quarterly earnings data on Thursday, June 22nd. The information technology services provider reported $1.52 EPS for the quarter, hitting the consensus estimate of $1.52. The business had revenue of $8.87 billion for the quarter, compared to analyst estimates of $8.82 billion. Accenture PLC had a net margin of 9.92% and a return on equity of 43.96%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.41 earnings per share. Equities research analysts anticipate that Accenture PLC will post $5.90 earnings per share for the current year.

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Several equities analysts have recently issued reports on ACN shares. BidaskClub lowered shares of Accenture PLC from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Cowen and Company reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Accenture PLC in a research report on Friday, July 28th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Accenture PLC in a research report on Monday, May 29th. Berenberg Bank set a $140.00 price objective on shares of Accenture PLC and gave the company a “buy” rating in a research report on Saturday, June 24th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $130.00 price objective (up from $125.00) on shares of Accenture PLC in a research report on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $130.71.

A number of hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its position in Accenture PLC by 2,139.5% in the first quarter. BlackRock Inc. now owns 39,462,967 shares of the information technology services provider’s stock valued at $4,730,821,000 after buying an additional 37,700,871 shares during the last quarter. Vanguard Group Inc. increased its position in Accenture PLC by 6.2% in the first quarter. Vanguard Group Inc. now owns 47,379,397 shares of the information technology services provider’s stock valued at $5,679,843,000 after buying an additional 2,749,896 shares during the last quarter. Wellington Management Group LLP increased its position in Accenture PLC by 8.8% in the first quarter. Wellington Management Group LLP now owns 21,583,126 shares of the information technology services provider’s stock valued at $2,587,385,000 after buying an additional 1,738,262 shares during the last quarter. Lazard Asset Management LLC increased its position in Accenture PLC by 38.8% in the first quarter. Lazard Asset Management LLC now owns 4,297,555 shares of the information technology services provider’s stock valued at $515,189,000 after buying an additional 1,202,048 shares during the last quarter. Finally, Schroder Investment Management Group increased its position in Accenture PLC by 212.6% in the first quarter. Schroder Investment Management Group now owns 1,295,260 shares of the information technology services provider’s stock valued at $156,105,000 after buying an additional 880,905 shares during the last quarter. 77.48% of the stock is currently owned by institutional investors and hedge funds.

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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