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 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.
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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