Accenture PLC (ACN) CEO Pierre Nanterme Sells 38,589 Shares
Accenture PLC (NYSE:ACN) CEO Pierre Nanterme sold 38,589 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $135.03, for a total value of $5,210,672.67. Following the sale, the chief executive officer now owns 179,083 shares in the company, valued at $24,181,577.49. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Accenture PLC (ACN) traded down 0.88% during trading on Tuesday, reaching $134.25. 2,535,494 shares of the company’s stock traded hands. Accenture PLC has a one year low of $112.31 and a one year high of $138.70. The stock has a market cap of $82.90 billion, a P/E ratio of 24.67 and a beta of 1.08. The company has a 50 day moving average price of $132.95 and a 200-day moving average price of $125.87.
Accenture PLC (NYSE:ACN) last issued its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.01. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The business had revenue of $9.15 billion during the quarter, compared to analysts’ expectations of $9.01 billion. During the same quarter in the previous year, the firm posted $1.31 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities research analysts expect that Accenture PLC will post $6.55 EPS for the current fiscal year.
The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, October 19th will be issued a dividend of $1.33 per share. This represents a yield of 1.97%. The ex-dividend date is Wednesday, October 18th. Accenture PLC’s dividend payout ratio (DPR) is 44.49%.
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Several research analysts have recently weighed in on ACN shares. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $144.00 price target on shares of Accenture PLC in a report on Tuesday. UBS AG cut Accenture PLC from a “positive” rating to a “neutral” rating in a research report on Tuesday. SunTrust Banks, Inc. set a $130.00 price objective on Accenture PLC and gave the company a “hold” rating in a research report on Sunday. Stifel Nicolaus reiterated a “buy” rating and issued a $150.00 price objective on shares of Accenture PLC in a report on Sunday. Finally, BMO Capital Markets lifted their price objective on Accenture PLC from $130.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday. One analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $140.38.
A number of hedge funds have recently made changes to their positions in ACN. Vantage Financial Partners Ltd. Inc. purchased a new stake in Accenture PLC in the 2nd quarter worth approximately $533,000. TCI Wealth Advisors Inc. grew its stake in shares of Accenture PLC by 23.4% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock worth $106,000 after purchasing an additional 162 shares during the period. Bellwether Investment Group LLC grew its stake in shares of Accenture PLC by 64.2% during the 1st quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock worth $110,000 after purchasing an additional 359 shares during the period. Manchester Capital Management LLC grew its stake in shares of Accenture PLC by 7.0% during the 2nd quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock worth $114,000 after purchasing an additional 60 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in shares of Accenture PLC by 2.0% during the 1st quarter. Parkside Financial Bank & Trust now owns 978 shares of the information technology services provider’s stock worth $117,000 after purchasing an additional 19 shares during the period. Institutional investors own 77.73% of the company’s stock.
Accenture PLC Company Profile
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.
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