‘T Noordende Alexander M. Van Sells 6,500 Shares of Accenture Plc (ACN) Stock

Accenture Plc (NYSE:ACN) insider ‘T Noordende Alexander M. Van sold 6,500 shares of the firm’s stock in a transaction dated Monday, January 1st. The shares were sold at an average price of $153.48, for a total value of $997,620.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Accenture Plc (NYSE:ACN) opened at $156.38 on Friday. The firm has a market capitalization of $98,182.22, a PE ratio of 27.68, a P/E/G ratio of 2.33 and a beta of 1.08. Accenture Plc has a 1 year low of $112.31 and a 1 year high of $158.44.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.12. The company had revenue of $9.52 billion for the quarter, compared to the consensus estimate of $9.25 billion. Accenture had a return on equity of 41.79% and a net margin of 9.43%. The company’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.58 earnings per share. equities research analysts anticipate that Accenture Plc will post 6.64 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on ACN shares. Zacks Investment Research downgraded Accenture from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Stifel Nicolaus raised their price target on Accenture from $138.00 to $146.00 and gave the company a “buy” rating in a research report on Thursday, September 7th. KeyCorp reaffirmed a “buy” rating and issued a $149.00 price target on shares of Accenture in a research report on Sunday, October 29th. Pivotal Research started coverage on Accenture in a research report on Wednesday, November 8th. They issued a “buy” rating and a $165.00 price target on the stock. Finally, Deutsche Bank lifted their target price on Accenture to $165.00 in a research report on Monday, December 11th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $155.11.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ACN. Jacobi Capital Management LLC boosted its holdings in Accenture by 104.8% during the third quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock valued at $100,000 after purchasing an additional 372 shares in the last quarter. TCI Wealth Advisors Inc. boosted its holdings in Accenture by 23.4% during the second quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock valued at $106,000 after purchasing an additional 162 shares in the last quarter. Manchester Capital Management LLC boosted its holdings in Accenture by 7.0% during the second quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock valued at $114,000 after purchasing an additional 60 shares in the last quarter. Captrust Financial Advisors acquired a new stake in Accenture during the second quarter valued at approximately $129,000. Finally, Monroe Bank & Trust MI boosted its holdings in Accenture by 37.3% during the second quarter. Monroe Bank & Trust MI now owns 1,288 shares of the information technology services provider’s stock valued at $159,000 after purchasing an additional 350 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors.

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Accenture Company Profile

Accenture plc is a professional services company serving clients in various industries and in geographic regions, including North America, Europe and Growth Markets. The Company provides management and technology consulting services. Its segments include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources.

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

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