Accenture Plc (ACN) Insider Sells $447,406.20 in Stock

Accenture Plc (NYSE:ACN) insider Richard P. Clark sold 2,857 shares of the firm’s stock in a transaction that occurred on Thursday, October 25th. The stock was sold at an average price of $156.60, for a total transaction of $447,406.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

NYSE:ACN opened at $157.62 on Thursday. The firm has a market capitalization of $104.20 billion, a PE ratio of 23.39, a P/E/G ratio of 2.05 and a beta of 0.98. Accenture Plc has a twelve month low of $141.47 and a twelve month high of $175.64.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, September 27th. The information technology services provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.02. Accenture had a net margin of 9.76% and a return on equity of 41.92%. The business had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $10.01 billion. During the same quarter last year, the firm posted $1.48 EPS. Accenture’s revenue was up 10.9% compared to the same quarter last year. On average, analysts expect that Accenture Plc will post 7.21 earnings per share for the current fiscal year.



The firm also recently declared a semiannual dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, October 18th will be given a $1.46 dividend. The ex-dividend date is Wednesday, October 17th. This represents a yield of 1.68%. This is an increase from Accenture’s previous semiannual dividend of $1.21. Accenture’s dividend payout ratio (DPR) is presently 43.32%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System grew its position in Accenture by 0.5% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 857,576 shares of the information technology services provider’s stock valued at $145,959,000 after purchasing an additional 4,223 shares during the period. Moody National Bank Trust Division grew its position in Accenture by 873.2% in the 3rd quarter. Moody National Bank Trust Division now owns 43,550 shares of the information technology services provider’s stock valued at $7,413,000 after purchasing an additional 39,075 shares during the period. Robeco Institutional Asset Management B.V. grew its position in Accenture by 13.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,099,055 shares of the information technology services provider’s stock valued at $187,058,000 after purchasing an additional 130,664 shares during the period. Provident Trust Co. grew its position in Accenture by 2.8% in the 3rd quarter. Provident Trust Co. now owns 1,226,459 shares of the information technology services provider’s stock valued at $208,743,000 after purchasing an additional 33,446 shares during the period. Finally, Meritage Portfolio Management acquired a new stake in Accenture in the 3rd quarter valued at $5,232,000. 70.37% of the stock is owned by institutional investors and hedge funds.

Several research analysts have issued reports on ACN shares. Zacks Investment Research upgraded shares of Accenture from a “sell” rating to a “hold” rating in a report on Tuesday, September 25th. Argus raised their price target on shares of Accenture to $200.00 and gave the stock a “positive” rating in a report on Friday, September 28th. They noted that the move was a valuation call. BMO Capital Markets raised their price target on shares of Accenture to $180.00 and gave the stock a “market perform” rating in a report on Friday, September 28th. Credit Suisse Group set a $170.00 price target on shares of Accenture and gave the stock a “hold” rating in a report on Friday, September 28th. Finally, Robert W. Baird raised their price target on shares of Accenture from $174.00 to $176.00 and gave the stock a “neutral” rating in a report on Friday, September 28th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $176.37.

About Accenture

Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions for communications, media, and high tech industries, as well as for software platforms.

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

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