Accenture Plc (NYSE:ACN) Insider Ellyn Shook Sells 2,501 Shares

Accenture Plc (NYSE:ACN) insider Ellyn Shook sold 2,501 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $212.27, for a total value of $530,887.27. Following the completion of the sale, the insider now owns 24,071 shares of the company’s stock, valued at $5,109,551.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Ellyn Shook also recently made the following trade(s):

  • On Wednesday, April 29th, Ellyn Shook sold 1,251 shares of Accenture stock. The shares were sold at an average price of $185.00, for a total value of $231,435.00.
  • On Thursday, April 23rd, Ellyn Shook sold 1,251 shares of Accenture stock. The shares were sold at an average price of $175.00, for a total value of $218,925.00.

Shares of Accenture stock traded up $1.60 during trading hours on Tuesday, hitting $214.32. The company’s stock had a trading volume of 738,710 shares, compared to its average volume of 2,506,215. Accenture Plc has a twelve month low of $137.15 and a twelve month high of $217.89. The firm has a fifty day moving average of $199.62 and a 200-day moving average of $193.06. The stock has a market cap of $135.06 billion, a price-to-earnings ratio of 27.84, a P/E/G ratio of 2.78 and a beta of 1.06. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.38 and a current ratio of 1.38.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, June 25th. The information technology services provider reported $1.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.06. Accenture had a return on equity of 32.04% and a net margin of 11.11%. The business had revenue of $10.99 billion for the quarter, compared to analyst estimates of $10.89 billion. During the same quarter in the prior year, the company posted $1.93 EPS. The company’s quarterly revenue was down 1.0% on a year-over-year basis. On average, sell-side analysts expect that Accenture Plc will post 7.63 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 16th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Wednesday, July 15th. Accenture’s payout ratio is 43.48%.

A number of analysts have recently commented on the company. BMO Capital Markets boosted their price objective on Accenture from $188.00 to $215.00 and gave the company a “market perform” rating in a research report on Friday. They noted that the move was a valuation call. Moffett Nathanson upgraded Accenture from a “neutral” rating to a “buy” rating and set a $200.00 price target for the company in a research report on Friday, March 20th. Wells Fargo & Co cut Accenture from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $190.00 to $200.00 in a research report on Thursday, June 18th. They noted that the move was a valuation call. Cowen boosted their price target on Accenture from $175.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, June 19th. Finally, Bank of America boosted their price target on Accenture from $154.00 to $182.00 and gave the stock an “underperform” rating in a research report on Thursday, June 18th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the company’s stock. Accenture has an average rating of “Buy” and an average target price of $219.44.

A number of institutional investors and hedge funds have recently bought and sold shares of ACN. Victory Capital Management Inc. raised its position in Accenture by 15.4% in the 4th quarter. Victory Capital Management Inc. now owns 58,517 shares of the information technology services provider’s stock valued at $12,322,000 after purchasing an additional 7,804 shares in the last quarter. Chicago Equity Partners LLC raised its position in Accenture by 49.5% in the 4th quarter. Chicago Equity Partners LLC now owns 4,200 shares of the information technology services provider’s stock valued at $884,000 after purchasing an additional 1,390 shares in the last quarter. Mutual Advisors LLC acquired a new stake in Accenture in the 4th quarter valued at about $203,000. MUFG Securities EMEA plc raised its position in Accenture by 236.7% in the 4th quarter. MUFG Securities EMEA plc now owns 101,000 shares of the information technology services provider’s stock valued at $21,268,000 after purchasing an additional 71,000 shares in the last quarter. Finally, Mid Atlantic Financial Management Inc. ADV raised its position in Accenture by 3.6% in the 4th quarter. Mid Atlantic Financial Management Inc. ADV now owns 5,071 shares of the information technology services provider’s stock valued at $1,068,000 after purchasing an additional 174 shares in the last quarter. 73.64% of the stock is currently owned by hedge funds and other institutional investors.

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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