Insider Selling: Accenture Plc (ACN) Insider Sells $510,634.50 in Stock

Accenture Plc (NYSE:ACN) insider Daniel T. London sold 3,610 shares of the stock in a transaction on Monday, January 7th. The shares were sold at an average price of $141.45, for a total transaction of $510,634.50. Following the transaction, the insider now directly owns 32,411 shares in the company, valued at approximately $4,584,535.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of ACN opened at $147.02 on Friday. The firm has a market cap of $96.89 billion, a price-to-earnings ratio of 21.11, a PEG ratio of 1.96 and a beta of 1.10. Accenture Plc has a twelve month low of $132.63 and a twelve month high of $175.64.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, December 20th. The information technology services provider reported $1.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.12. Accenture had a net margin of 9.99% and a return on equity of 40.31%. The firm had revenue of $10.61 billion during the quarter, compared to analysts’ expectations of $10.54 billion. During the same period last year, the company posted $1.79 EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, equities research analysts expect that Accenture Plc will post 7.2 earnings per share for the current fiscal year.



Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Accenture by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 53,259,800 shares of the information technology services provider’s stock worth $9,064,818,000 after purchasing an additional 770,904 shares during the period. Vanguard Group Inc lifted its position in shares of Accenture by 1.5% in the 3rd quarter. Vanguard Group Inc now owns 53,259,800 shares of the information technology services provider’s stock worth $9,064,818,000 after purchasing an additional 770,904 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Accenture by 115,500.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 10,222,554 shares of the information technology services provider’s stock worth $1,739,880,000 after purchasing an additional 10,213,711 shares during the period. Northern Trust Corp lifted its position in shares of Accenture by 2.6% in the 2nd quarter. Northern Trust Corp now owns 9,808,588 shares of the information technology services provider’s stock worth $1,604,587,000 after purchasing an additional 246,828 shares during the period. Finally, WCM Investment Management CA lifted its position in shares of Accenture by 3.7% in the 3rd quarter. WCM Investment Management CA now owns 5,905,897 shares of the information technology services provider’s stock worth $1,005,184,000 after purchasing an additional 212,432 shares during the period. 70.46% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently commented on ACN shares. Wells Fargo & Co set a $165.00 target price on shares of Accenture and gave the company a “buy” rating in a report on Thursday, December 20th. KeyCorp reduced their target price on shares of Accenture from $186.00 to $182.00 and set an “overweight” rating on the stock in a report on Wednesday, December 19th. Morgan Stanley set a $178.00 price target on shares of Accenture and gave the company a “buy” rating in a research report on Friday, December 21st. Zacks Investment Research raised shares of Accenture from a “sell” rating to a “hold” rating in a research report on Tuesday, September 25th. Finally, Argus increased their price target on shares of Accenture to $200.00 and gave the company a “positive” rating in a research report on Friday, September 28th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $173.55.

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About Accenture

Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.

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