Accenture PLC (NYSE:ACN) insider Ellyn Shook sold 4,375 shares of the business’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $139.81, for a total transaction of $611,668.75. Following the sale, the insider now directly owns 33,081 shares of the company’s stock, valued at $4,625,054.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Accenture PLC (NYSE:ACN) traded up $0.06 during trading on Friday, reaching $143.89. 922,400 shares of the company were exchanged, compared to its average volume of 2,145,217. The company has a market cap of $88,414.87, a price-to-earnings ratio of 24.34, a PEG ratio of 2.13 and a beta of 1.08. Accenture PLC has a twelve month low of $112.31 and a twelve month high of $145.00.
Accenture PLC (NYSE:ACN) last posted its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.01. The business had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.01 billion. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. Accenture PLC’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.31 EPS. analysts forecast that Accenture PLC will post 6.54 EPS for the current year.
The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, October 19th will be issued a dividend of $1.33 per share. This represents a yield of 1.97%. The ex-dividend date is Wednesday, October 18th. Accenture PLC’s dividend payout ratio (DPR) is presently 48.90%.
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Several research firms have recently commented on ACN. Stifel Nicolaus reissued a “buy” rating and set a $150.00 target price on shares of Accenture PLC in a research report on Friday, November 3rd. Pivotal Research began coverage on shares of Accenture PLC in a report on Wednesday. They set a “buy” rating and a $165.00 price target on the stock. KeyCorp restated a “buy” rating and set a $149.00 price target on shares of Accenture PLC in a report on Sunday, October 29th. Cowen and Company set a $150.00 price target on shares of Accenture PLC and gave the stock a “buy” rating in a report on Monday, October 23rd. Finally, Berenberg Bank restated a “buy” rating and set a $160.00 price target on shares of Accenture PLC in a report on Thursday, September 21st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Accenture PLC presently has an average rating of “Buy” and an average target price of $142.89.
Several large investors have recently modified their holdings of the company. Flagship Harbor Advisors LLC increased its holdings in shares of Accenture PLC by 0.4% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 2,917 shares of the information technology services provider’s stock worth $362,000 after buying an additional 12 shares during the last quarter. Glenview Trust Co increased its holdings in shares of Accenture PLC by 0.3% in the 1st quarter. Glenview Trust Co now owns 4,935 shares of the information technology services provider’s stock worth $591,000 after buying an additional 15 shares during the last quarter. AlphaMark Advisors LLC increased its holdings in shares of Accenture PLC by 0.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 2,319 shares of the information technology services provider’s stock worth $287,000 after buying an additional 20 shares during the last quarter. Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Accenture PLC by 1.4% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,801 shares of the information technology services provider’s stock worth $223,000 after buying an additional 24 shares during the last quarter. Finally, Bank of The Ozarks increased its holdings in shares of Accenture PLC by 0.7% in the 1st quarter. Bank of The Ozarks now owns 3,490 shares of the information technology services provider’s stock worth $418,000 after buying an additional 25 shares during the last quarter. 77.47% of the stock is currently owned by hedge funds and other institutional investors.
About Accenture PLC
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.
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