Accenture Plc (NYSE:ACN) insider Richard Lumb sold 2,000 shares of Accenture stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $160.30, for a total value of $320,600.00. Following the completion of the transaction, the insider now owns 123,863 shares in the company, valued at $19,855,238.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Accenture Plc (ACN) opened at $161.75 on Friday. Accenture Plc has a 52 week low of $112.31 and a 52 week high of $162.50. The company has a market capitalization of $103,700.00, a PE ratio of 28.68, a price-to-earnings-growth ratio of 2.44 and a beta of 1.08.
Accenture (NYSE:ACN) last issued its earnings results on Thursday, December 21st. The information technology services provider reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.12. Accenture had a return on equity of 41.79% and a net margin of 9.43%. The firm had revenue of $9.52 billion for the quarter, compared to the consensus estimate of $9.25 billion. During the same quarter in the previous year, the company posted $1.58 earnings per share. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. sell-side analysts forecast that Accenture Plc will post 6.64 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Jacobi Capital Management LLC lifted its position in shares of Accenture by 104.8% in the third quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock worth $100,000 after buying an additional 372 shares during the last quarter. TCI Wealth Advisors Inc. lifted its position in shares of Accenture by 23.4% in the second quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock worth $106,000 after buying an additional 162 shares during the last quarter. Manchester Capital Management LLC lifted its position in shares of Accenture by 7.0% in the second quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock worth $114,000 after buying an additional 60 shares during the last quarter. Captrust Financial Advisors acquired a new stake in shares of Accenture in the second quarter worth about $129,000. Finally, Monroe Bank & Trust MI lifted its position in shares of Accenture by 37.3% in the second quarter. Monroe Bank & Trust MI now owns 1,288 shares of the information technology services provider’s stock worth $159,000 after buying an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 75.28% of the company’s stock.
A number of brokerages recently issued reports on ACN. Pivotal Research set a $180.00 target price on Accenture and gave the stock a “buy” rating in a report on Tuesday, January 16th. Cowen reiterated a “buy” rating and set a $175.00 price target on shares of Accenture in a report on Friday, January 12th. Credit Suisse Group set a $165.00 price target on Accenture and gave the company a “hold” rating in a report on Tuesday, January 2nd. KeyCorp lifted their price target on Accenture from $157.00 to $172.00 and gave the company an “overweight” rating in a report on Saturday, December 30th. Finally, Barclays lifted their price target on Accenture from $135.00 to $152.00 and gave the company an “equal weight” rating in a report on Saturday, December 30th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company. Accenture presently has a consensus rating of “Hold” and an average price target of $156.57.
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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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