Accenture Plc (NYSE:ACN) insider Richard P. Clark sold 1,754 shares of the firm’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $158.39, for a total transaction of $277,816.06. Following the completion of the sale, the insider now owns 10,543 shares in the company, valued at approximately $1,669,905.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Accenture Plc (NYSE ACN) opened at $158.90 on Thursday. The stock has a market capitalization of $101,870.00, a price-to-earnings ratio of 28.17, a price-to-earnings-growth ratio of 2.38 and a beta of 1.08. Accenture Plc has a twelve month low of $112.31 and a twelve month high of $159.49.
Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.12. The company had revenue of $9.52 billion during the quarter, compared to analysts’ expectations of $9.25 billion. Accenture had a return on equity of 41.79% and a net margin of 9.43%. The business’s revenue was up 11.8% on a year-over-year basis. During the same period last year, the business earned $1.58 earnings per share. equities analysts anticipate that Accenture Plc will post 6.64 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Accenture by 2.3% during the second quarter. Vanguard Group Inc. now owns 48,468,073 shares of the information technology services provider’s stock valued at $5,994,531,000 after acquiring an additional 1,088,676 shares during the period. BlackRock Inc. lifted its holdings in shares of Accenture by 3.0% during the second quarter. BlackRock Inc. now owns 40,659,545 shares of the information technology services provider’s stock valued at $5,028,772,000 after acquiring an additional 1,196,578 shares during the period. Capital Research Global Investors lifted its holdings in shares of Accenture by 2.2% during the second quarter. Capital Research Global Investors now owns 28,501,643 shares of the information technology services provider’s stock valued at $3,525,083,000 after acquiring an additional 605,156 shares during the period. Northern Trust Corp raised its holdings in shares of Accenture by 0.8% in the second quarter. Northern Trust Corp now owns 9,476,570 shares of the information technology services provider’s stock valued at $1,172,063,000 after buying an additional 70,740 shares during the last quarter. Finally, Independent Franchise Partners LLP raised its holdings in shares of Accenture by 3.7% in the third quarter. Independent Franchise Partners LLP now owns 6,293,362 shares of the information technology services provider’s stock valued at $850,044,000 after buying an additional 222,828 shares during the last quarter. 75.23% of the stock is owned by institutional investors.
ACN has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Accenture from a “hold” rating to a “buy” rating and set a $151.00 price target on the stock in a research note on Thursday, September 14th. Cowen reiterated a “buy” rating and set a $150.00 price target (up previously from $135.00) on shares of Accenture in a research note on Tuesday, September 19th. Berenberg Bank reiterated a “buy” rating and set a $160.00 price target on shares of Accenture in a research note on Thursday, September 21st. KeyCorp reiterated a “buy” rating and set a $135.00 price target on shares of Accenture in a research note on Friday, September 22nd. Finally, Morgan Stanley lifted their price target on shares of Accenture from $132.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Friday, September 22nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $156.17.
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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.
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