Accenture Plc (ACN) Insider Sells $310,680.00 in Stock

Accenture Plc (NYSE:ACN) insider Richard Lumb sold 2,000 shares of Accenture stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $155.34, for a total value of $310,680.00. Following the transaction, the insider now owns 121,041 shares of the company’s stock, valued at $18,802,508.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Richard Lumb also recently made the following trade(s):

  • On Thursday, January 18th, Richard Lumb sold 2,000 shares of Accenture stock. The shares were sold at an average price of $160.30, for a total value of $320,600.00.

Accenture Plc (ACN) traded up $1.89 during trading on Tuesday, hitting $156.84. The stock had a trading volume of 2,029,790 shares, compared to its average volume of 2,240,000. The stock has a market capitalization of $100,550.00, a PE ratio of 27.81, a PEG ratio of 2.31 and a beta of 1.05. Accenture Plc has a 1-year low of $114.82 and a 1-year high of $162.60.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, December 21st. The information technology services provider reported $1.79 EPS for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.12. Accenture had a return on equity of 41.79% and a net margin of 9.43%. The business had revenue of $9.52 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same period in the previous year, the business earned $1.58 earnings per share. The business’s revenue was up 11.8% compared to the same quarter last year. equities analysts predict that Accenture Plc will post 6.65 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of ACN. Amundi Pioneer Asset Management Inc. increased its position in shares of Accenture by 261.6% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 3,792,124 shares of the information technology services provider’s stock worth $580,537,000 after purchasing an additional 2,743,482 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Accenture by 54.1% during the fourth quarter. Wells Fargo & Company MN now owns 6,977,987 shares of the information technology services provider’s stock worth $1,068,260,000 after purchasing an additional 2,450,772 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Accenture by 2,531.4% during 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 purchasing an additional 2,424,888 shares in the last quarter. Capital International Investors increased its position in shares of Accenture by 89.1% during the third quarter. Capital International Investors now owns 4,670,977 shares of the information technology services provider’s stock worth $630,909,000 after purchasing an additional 2,200,243 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Accenture by 2.3% during the second quarter. Vanguard Group Inc. now owns 48,468,073 shares of the information technology services provider’s stock worth $5,994,531,000 after purchasing an additional 1,088,676 shares in the last quarter. Hedge funds and other institutional investors own 75.63% of the company’s stock.

Several brokerages recently weighed in on ACN. Pivotal Research lifted their price target on Accenture from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, December 22nd. Zacks Investment Research upgraded Accenture from a “hold” rating to a “buy” rating and set a $172.00 price target for the company in a research report on Wednesday, December 27th. Morgan Stanley upgraded Accenture from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $159.00 to $140.00 in a research report on Monday, February 5th. Cowen reiterated a “buy” rating and set a $165.00 price target on shares of Accenture in a research report on Thursday, December 14th. Finally, Credit Suisse Group set a $165.00 price target on Accenture and gave the company a “hold” rating in a research report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the stock. The stock currently 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.

Insider Buying and Selling by Quarter for Accenture (NYSE:ACN)

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