Insider Selling: Accenture PLC (ACN) Insider Sells 2,200 Shares of Stock
Accenture PLC (NYSE:ACN) insider Richard Lumb sold 2,200 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $135.06, for a total value of $297,132.00. Following the sale, the insider now directly owns 118,085 shares of the company’s stock, valued at $15,948,560.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Richard Lumb also recently made the following trade(s):
- On Thursday, August 10th, Richard Lumb sold 2,200 shares of Accenture PLC stock. The stock was sold at an average price of $129.26, for a total value of $284,372.00.
- 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 value of $280,522.00.
Accenture PLC (NYSE:ACN) traded down 0.88% during mid-day trading on Tuesday, hitting $134.25. 2,535,494 shares of the stock traded hands. The company’s 50 day moving average price is $132.95 and its 200-day moving average price is $125.87. Accenture PLC has a 1-year low of $112.31 and a 1-year high of $138.70. The stock 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 issued its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.01. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. The business had revenue of $9.15 billion for the quarter, compared to analysts’ expectations of $9.01 billion. During the same quarter last year, the company posted $1.31 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. Analysts predict that Accenture PLC will post $6.55 earnings per share for the current year.
The firm also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th will be paid a $1.33 dividend. This represents a dividend yield of 1.97%. The ex-dividend date of this dividend is Wednesday, October 18th. Accenture PLC’s dividend payout ratio (DPR) is 44.49%.
Several brokerages recently issued reports on ACN. 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 report on Thursday, June 22nd. Zacks Investment Research upgraded Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research note on Monday, August 28th. Wells Fargo & Company restated an “outperform” rating and set a $138.00 price objective (up from $131.50) on shares of Accenture PLC in a research note on Friday, June 16th. Berenberg Bank reaffirmed a “buy” rating and set a $160.00 price objective on shares of Accenture PLC in a report on Thursday, September 21st. Finally, SunTrust Banks, Inc. set a $130.00 price objective on shares of Accenture PLC and gave the stock a “hold” rating in a report on Sunday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $140.38.
Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of 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 worth $4,730,821,000 after buying an additional 37,700,871 shares in the last quarter. Vanguard Group Inc. lifted 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 worth $5,679,843,000 after buying an additional 2,749,896 shares during the last quarter. Janus Henderson Group PLC lifted its position in Accenture PLC by 2,531.4% in the second quarter. Janus Henderson Group PLC now owns 2,520,680 shares of the information technology services provider’s stock worth $311,760,000 after buying an additional 2,424,888 shares during the last quarter. BT Investment Management Ltd bought a new stake in Accenture PLC in the second quarter worth $220,158,000. Finally, Wellington Management Group LLP lifted 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 worth $2,587,385,000 after buying an additional 1,738,262 shares during the last quarter. Hedge funds and other institutional investors own 77.73% of the company’s stock.
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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