Insider Selling: Accenture PLC (ACN) COO Sells 5,000 Shares of Stock
Accenture PLC (NYSE:ACN) COO Johan Deblaere sold 5,000 shares of Accenture PLC stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $135.05, for a total value of $675,250.00. Following the sale, the chief operating officer now directly owns 120,817 shares in the company, valued at approximately $16,316,335.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Accenture PLC (NYSE ACN) traded down 0.88% during mid-day trading on Tuesday, reaching $134.25. The company’s stock had a trading volume of 2,535,494 shares. Accenture PLC has a 12 month low of $112.31 and a 12 month high of $138.70. The stock’s 50 day moving average is $132.95 and its 200 day moving average is $125.87. The company has a market cap of $82.90 billion, a price-to-earnings ratio of 24.67 and a beta of 1.08.
Accenture PLC (NYSE:ACN) last posted its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $9.15 billion for the quarter, compared to the consensus estimate of $9.01 billion. During the same quarter in the prior year, the business posted $1.31 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. Equities research analysts predict that Accenture PLC will post $6.55 EPS for the current year.
The business also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, October 19th will be paid a dividend of $1.33 per share. The ex-dividend date is Wednesday, October 18th. This represents a dividend yield of 1.97%. Accenture PLC’s dividend payout ratio (DPR) is presently 44.49%.
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Several research firms recently commented on ACN. Stifel Nicolaus restated a “buy” rating and issued a $150.00 target price on shares of Accenture PLC in a research report on Sunday. Zacks Investment Research raised Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research note on Wednesday, September 6th. Barclays PLC boosted their price target on Accenture PLC from $124.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 27th. Morgan Stanley boosted their price target on Accenture PLC from $132.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday, September 22nd. Finally, BMO Capital Markets reiterated a “hold” rating and set a $130.00 price target (up previously from $125.00) on shares of Accenture PLC in a research report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Accenture PLC currently has a consensus rating of “Buy” and an average price target of $140.38.
A number of large investors have recently added to or reduced their stakes in the business. Vantage Financial Partners Ltd. Inc. bought a new position in Accenture PLC during the second quarter worth about $533,000. TCI Wealth Advisors Inc. increased its stake in shares of Accenture PLC by 23.4% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock valued at $106,000 after acquiring an additional 162 shares during the last quarter. Bellwether Investment Group LLC increased its stake in shares of Accenture PLC by 64.2% in the 1st quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock valued at $110,000 after acquiring an additional 359 shares during the last quarter. Manchester Capital Management LLC increased its stake in shares of Accenture PLC by 7.0% in the 2nd quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock valued at $114,000 after acquiring an additional 60 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in shares of Accenture PLC by 2.0% in the 1st quarter. Parkside Financial Bank & Trust now owns 978 shares of the information technology services provider’s stock valued at $117,000 after acquiring an additional 19 shares during the last quarter. 77.73% of the stock is currently owned by hedge funds and other institutional investors.
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.
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