Accenture Plc (NYSE:ACN) insider Richard Lumb sold 2,000 shares of the firm’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $160.30, for a total transaction of $320,600.00. Following the transaction, the insider now directly owns 123,863 shares in the company, valued at $19,855,238.90. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of Accenture Plc (ACN) traded up $0.73 on Friday, reaching $160.94. 1,715,400 shares of the company’s stock were exchanged, compared to its average volume of 2,210,142. The firm has a market capitalization of $103,090.00, a PE ratio of 28.54, a P/E/G ratio of 2.41 and a beta of 1.08. Accenture Plc has a one year low of $112.31 and a one year high of $161.08.
Accenture (NYSE:ACN) last announced its earnings results on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.12. The company had revenue of $9.52 billion during the quarter, compared to analysts’ expectations of $9.25 billion. Accenture had a net margin of 9.43% and a return on equity of 41.79%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.58 earnings per share. sell-side analysts forecast that Accenture Plc will post 6.64 EPS for the current year.
Several research analysts have issued reports on ACN shares. Berenberg Bank reissued a “buy” rating and set a $160.00 price objective on shares of Accenture in a research report on Thursday, September 21st. Zacks Investment Research raised shares of Accenture from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a research report on Thursday, September 21st. KeyCorp reaffirmed a “buy” rating and issued a $135.00 target price on shares of Accenture in a report on Friday, September 22nd. Morgan Stanley lifted their target price on shares of Accenture from $132.00 to $140.00 and gave the company an “equal weight” rating in a report on Friday, September 22nd. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $148.00 target price (up previously from $142.00) on shares of Accenture in a report on Friday, September 22nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $156.57.
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Accenture 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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