Ellyn Shook Sells 4,375 Shares of Accenture PLC (ACN) Stock
Accenture PLC (NYSE:ACN) insider Ellyn Shook sold 4,375 shares of the company’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $139.81, for a total value of $611,668.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Accenture PLC (NYSE:ACN) traded down 0.30% during trading on Tuesday, hitting $138.91. The stock had a trading volume of 1,214,963 shares. The firm has a market cap of $85.78 billion, a P/E ratio of 25.53 and a beta of 1.08. The firm’s 50-day moving average is $136.44 and its 200-day moving average is $127.63. Accenture PLC has a one year low of $112.31 and a one year high of $140.17.
Accenture PLC (NYSE:ACN) last announced its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, topping 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 firm had revenue of $9.15 billion for the quarter, compared to analysts’ expectations of $9.01 billion. During the same quarter in the previous year, the company earned $1.31 earnings per share. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. Equities research analysts forecast that Accenture PLC will post $6.56 EPS for the current year.
The company 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. The ex-dividend date of this dividend is Wednesday, October 18th. This represents a yield of 1.97%. Accenture PLC’s payout ratio is 48.90%.
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A number of large investors have recently made changes to their positions in the stock. Huntington National Bank raised its holdings in Accenture PLC by 1.2% during the third quarter. Huntington National Bank now owns 246,014 shares of the information technology services provider’s stock worth $33,230,000 after purchasing an additional 2,809 shares in the last quarter. First Trust Advisors LP raised its holdings in Accenture PLC by 24.3% during the third quarter. First Trust Advisors LP now owns 238,201 shares of the information technology services provider’s stock worth $32,174,000 after purchasing an additional 46,588 shares in the last quarter. Stock Yards Bank & Trust Co. raised its holdings in Accenture PLC by 0.6% during the third quarter. Stock Yards Bank & Trust Co. now owns 99,149 shares of the information technology services provider’s stock worth $13,392,000 after purchasing an additional 576 shares in the last quarter. Independent Franchise Partners LLP raised its holdings in Accenture PLC by 3.7% during the third quarter. Independent Franchise Partners LLP now owns 6,293,362 shares of the information technology services provider’s stock worth $850,044,000 after purchasing an additional 222,828 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in Accenture PLC during the third quarter worth approximately $1,270,000. 77.68% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently issued reports on the company. Cowen and Company set a $150.00 target price on Accenture PLC and gave the company a “buy” rating in a research report on Monday. Berenberg Bank reissued a “buy” rating and issued a $160.00 target price on shares of Accenture PLC in a research report on Thursday, September 21st. Zacks Investment Research raised Accenture PLC from a “hold” rating to a “buy” rating and set a $155.00 target price for the company in a research report on Thursday, September 21st. KeyCorp reissued a “buy” rating and issued a $135.00 target price on shares of Accenture PLC in a research report on Friday, September 22nd. Finally, Morgan Stanley upped their target price on Accenture PLC from $132.00 to $140.00 and gave the company an “equal weight” rating in a research report on Friday, September 22nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $141.84.
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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