Jean-Marc Ollagnier Sells 2,663 Shares of Accenture Plc (NYSE:ACN) Stock

Accenture Plc (NYSE:ACN) insider Jean-Marc Ollagnier sold 2,663 shares of the stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $185.21, for a total value of $493,214.23. Following the sale, the insider now owns 165,426 shares in the company, valued at approximately $30,638,549.46. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of Accenture stock opened at $185.00 on Friday. The firm has a market cap of $122.78 billion, a P/E ratio of 25.14, a P/E/G ratio of 2.27 and a beta of 1.04. Accenture Plc has a 12 month low of $132.63 and a 12 month high of $202.80. The stock’s fifty day moving average price is $190.28 and its 200-day moving average price is $186.95.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, September 26th. The information technology services provider reported $1.74 EPS for the quarter, beating the consensus estimate of $1.71 by $0.03. The firm had revenue of $11.06 billion for the quarter, compared to analyst estimates of $11.07 billion. Accenture had a return on equity of 34.30% and a net margin of 11.06%. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.58 earnings per share. As a group, research analysts forecast that Accenture Plc will post 7.78 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 17th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, October 16th. This represents a $3.20 annualized dividend and a dividend yield of 1.73%. Accenture’s dividend payout ratio is currently 43.48%.

Several institutional investors have recently made changes to their positions in the company. Farmers National Bank boosted its position in Accenture by 6.2% during the second quarter. Farmers National Bank now owns 924 shares of the information technology services provider’s stock valued at $171,000 after purchasing an additional 54 shares in the last quarter. Private Trust Co. NA boosted its position in Accenture by 1.6% during the second quarter. Private Trust Co. NA now owns 3,642 shares of the information technology services provider’s stock valued at $672,000 after purchasing an additional 57 shares in the last quarter. Modera Wealth Management LLC boosted its position in Accenture by 1.5% during the second quarter. Modera Wealth Management LLC now owns 3,891 shares of the information technology services provider’s stock valued at $719,000 after purchasing an additional 57 shares in the last quarter. Enterprise Bank & Trust Co boosted its position in Accenture by 0.7% during the second quarter. Enterprise Bank & Trust Co now owns 9,780 shares of the information technology services provider’s stock valued at $1,807,000 after purchasing an additional 65 shares in the last quarter. Finally, Tarbox Family Office Inc. boosted its position in Accenture by 34.6% during the second quarter. Tarbox Family Office Inc. now owns 253 shares of the information technology services provider’s stock valued at $47,000 after purchasing an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 69.82% of the company’s stock.

ACN has been the topic of several recent research reports. Robert W. Baird decreased their price target on Accenture from $212.00 to $208.00 and set a “neutral” rating on the stock in a report on Friday, September 27th. Wells Fargo & Co increased their price target on Accenture from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. Cowen reiterated an “outperform” rating and issued a $205.00 target price (up previously from $195.00) on shares of Accenture in a research note on Monday, September 30th. Argus increased their target price on Accenture to $220.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Finally, Redburn Partners initiated coverage on Accenture in a research note on Monday, September 23rd. They issued a “buy” rating and a $227.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $203.25.

Accenture Company Profile

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

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