Jean-Marc Ollagnier Sells 5,233 Shares of Accenture plc (NYSE:ACN) Stock

Accenture plc (NYSE:ACN) insider Jean-Marc Ollagnier sold 5,233 shares of the company’s stock in a transaction on Friday, April 16th. The shares were sold at an average price of $286.38, for a total value of $1,498,626.54. Following the sale, the insider now owns 176,415 shares of the company’s stock, valued at approximately $50,521,727.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jean-Marc Ollagnier also recently made the following trade(s):

  • On Monday, March 22nd, Jean-Marc Ollagnier sold 581 shares of Accenture stock. The shares were sold at an average price of $264.76, for a total value of $153,825.56.

Shares of Accenture stock opened at $288.60 on Wednesday. The firm has a market cap of $183.60 billion, a PE ratio of 35.54, a PEG ratio of 3.09 and a beta of 1.08. The stock has a 50 day moving average of $271.63 and a 200 day moving average of $252.50. Accenture plc has a 12 month low of $165.71 and a 12 month high of $288.90.

Accenture (NYSE:ACN) last released its quarterly earnings data on Wednesday, March 17th. The information technology services provider reported $2.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.13. Accenture had a net margin of 11.74% and a return on equity of 29.32%. The business had revenue of $12.09 billion during the quarter, compared to analyst estimates of $11.83 billion. During the same quarter last year, the business earned $1.91 earnings per share. Accenture’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, sell-side analysts predict that Accenture plc will post 8.22 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 14th. Shareholders of record on Thursday, April 15th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Wednesday, April 14th. Accenture’s dividend payout ratio (DPR) is 47.18%.

Large investors have recently modified their holdings of the stock. Treasurer of the State of North Carolina raised its position in Accenture by 0.4% in the 4th quarter. Treasurer of the State of North Carolina now owns 268,695 shares of the information technology services provider’s stock worth $70,186,000 after purchasing an additional 1,000 shares during the period. Intrepid Capital Management Inc. raised its holdings in shares of Accenture by 37.0% in the fourth quarter. Intrepid Capital Management Inc. now owns 12,595 shares of the information technology services provider’s stock worth $3,290,000 after buying an additional 3,404 shares during the period. Somerset Trust Co raised its holdings in shares of Accenture by 0.9% in the first quarter. Somerset Trust Co now owns 13,484 shares of the information technology services provider’s stock worth $3,725,000 after buying an additional 116 shares during the period. Sompo Asset Management Co. Ltd. boosted its holdings in Accenture by 8.4% during the 4th quarter. Sompo Asset Management Co. Ltd. now owns 42,060 shares of the information technology services provider’s stock valued at $10,986,000 after acquiring an additional 3,270 shares during the period. Finally, Gateway Investment Advisers LLC boosted its holdings in Accenture by 23.3% during the 4th quarter. Gateway Investment Advisers LLC now owns 11,229 shares of the information technology services provider’s stock valued at $2,933,000 after acquiring an additional 2,121 shares during the period. Institutional investors own 70.99% of the company’s stock.

ACN has been the topic of several recent research reports. Morgan Stanley increased their price target on shares of Accenture from $297.00 to $305.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 23rd. BMO Capital Markets raised their target price on Accenture from $292.00 to $302.00 and gave the stock a “market perform” rating in a report on Thursday, March 25th. Susquehanna boosted their price target on Accenture from $290.00 to $325.00 and gave the company a “positive” rating in a report on Thursday, March 25th. Bank of America raised Accenture from a “neutral” rating to a “buy” rating and set a $300.00 price objective on the stock in a research report on Wednesday, March 24th. Finally, Royal Bank of Canada increased their target price on shares of Accenture from $278.00 to $301.00 in a report on Friday, March 19th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Accenture currently has an average rating of “Buy” and a consensus price target of $276.05.

About Accenture

Accenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operations services worldwide. The company also provides outsourcing services. It serves communications, media, high tech, software, and platform companies; banking, capital market, and insurance industries; and consumer goods, retail, travel services, industrial, and life science industries, as well as clients in health, public service, chemicals and natural resources, energy, and utilities sectors.

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

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