Accenture Plc (ACN) Insider Sells $321,260.00 in Stock

Accenture Plc (NYSE:ACN) insider Richard Lumb sold 2,000 shares of Accenture stock in a transaction dated Tuesday, October 16th. The shares were sold at an average price of $160.63, for a total transaction of $321,260.00. Following the sale, the insider now directly owns 117,683 shares in the company, valued at approximately $18,903,420.29. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Richard Lumb also recently made the following trade(s):

  • On Monday, August 13th, Richard Lumb sold 2,000 shares of Accenture stock. The shares were sold at an average price of $160.86, for a total transaction of $321,720.00.
  • On Friday, July 20th, Richard Lumb sold 2,000 shares of Accenture stock. The shares were sold at an average price of $166.66, for a total transaction of $333,320.00.

ACN opened at $158.28 on Friday. Accenture Plc has a twelve month low of $138.05 and a twelve month high of $175.64. The company has a market cap of $105.39 billion, a PE ratio of 23.17, a P/E/G ratio of 2.10 and a beta of 0.98.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, September 27th. The information technology services provider reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.02. Accenture had a net margin of 9.76% and a return on equity of 41.92%. The firm had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $10.01 billion. During the same period in the previous year, the company earned $1.48 earnings per share. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. As a group, analysts anticipate that Accenture Plc will post 7.21 EPS for the current fiscal year.

The firm also recently announced a semiannual dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, October 18th will be issued a dividend of $1.46 per share. This is a boost from Accenture’s previous semiannual dividend of $1.21. This represents a yield of 1.68%. The ex-dividend date is Wednesday, October 17th. Accenture’s dividend payout ratio is currently 43.32%.

Hedge funds have recently made changes to their positions in the business. WP Advisors LLC purchased a new stake in Accenture during the second quarter valued at approximately $106,000. MUFG Securities EMEA plc purchased a new stake in Accenture during the second quarter valued at approximately $118,000. BDO Wealth Advisors LLC increased its holdings in Accenture by 105.3% during the first quarter. BDO Wealth Advisors LLC now owns 739 shares of the information technology services provider’s stock valued at $113,000 after buying an additional 379 shares during the last quarter. Fort L.P. purchased a new stake in Accenture during the second quarter valued at approximately $124,000. Finally, Valeo Financial Advisors LLC increased its holdings in Accenture by 48.3% during the second quarter. Valeo Financial Advisors LLC now owns 1,010 shares of the information technology services provider’s stock valued at $162,000 after buying an additional 329 shares during the last quarter. 70.30% of the stock is owned by institutional investors and hedge funds.

ACN has been the topic of several research reports. Bank of America reissued a “neutral” rating and set a $79.00 price objective on shares of Accenture in a research note on Friday, June 29th. Citigroup boosted their price objective on shares of Accenture from $163.00 to $172.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 18th. Pivotal Research set a $180.00 price objective on shares of Accenture and gave the stock a “buy” rating in a research note on Friday, June 29th. Cantor Fitzgerald boosted their price objective on shares of Accenture from $180.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, June 29th. Finally, Moffett Nathanson initiated coverage on shares of Accenture in a research note on Thursday, October 4th. They set a “buy” rating and a $200.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $176.37.

About Accenture

Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions for communications, media, and high tech industries, as well as for software platforms.

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

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