Accenture Plc (NYSE:ACN) insider Richard Lumb sold 2,000 shares of Accenture stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $160.30, for a total value of $320,600.00. Following the sale, the insider now directly owns 123,863 shares of the company’s stock, valued at approximately $19,855,238.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Accenture Plc (ACN) traded up $1.11 during mid-day trading on Monday, reaching $154.95. The company had a trading volume of 2,230,152 shares, compared to its average volume of 2,210,000. The company has a market cap of $99,340.00, a PE ratio of 27.47, a PEG ratio of 2.31 and a beta of 1.05. Accenture Plc has a fifty-two week low of $114.82 and a fifty-two week high of $162.60.
Accenture (NYSE:ACN) last released 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 consensus estimate of $1.67 by $0.12. The business had revenue of $9.52 billion for 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 firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.58 EPS. research analysts forecast that Accenture Plc will post 6.65 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Beach Investment Management LLC. increased its stake in shares of Accenture by 1,024.2% in the 2nd quarter. Beach Investment Management LLC. now owns 36,537 shares of the information technology services provider’s stock worth $4,519,000 after purchasing an additional 33,287 shares in the last quarter. William Blair Investment Management LLC increased its stake in Accenture by 20.8% in the 2nd quarter. William Blair Investment Management LLC now owns 775,538 shares of the information technology services provider’s stock worth $95,919,000 after buying an additional 133,586 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in Accenture by 0.3% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 904,760 shares of the information technology services provider’s stock worth $111,901,000 after buying an additional 2,795 shares in the last quarter. Pax World Management LLC increased its stake in Accenture by 9.0% in the 2nd quarter. Pax World Management LLC now owns 4,830 shares of the information technology services provider’s stock worth $597,000 after buying an additional 400 shares in the last quarter. Finally, Cadence Capital Management LLC increased its stake in Accenture by 1.4% in the 2nd quarter. Cadence Capital Management LLC now owns 18,498 shares of the information technology services provider’s stock worth $2,288,000 after buying an additional 258 shares in the last quarter. Institutional investors and hedge funds own 75.63% of the company’s stock.
Several equities research analysts recently issued reports on the company. Pivotal Research lifted their price objective on Accenture from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, December 22nd. Zacks Investment Research raised Accenture from a “hold” rating to a “buy” rating and set a $172.00 price objective for the company in a research note on Wednesday, December 27th. Morgan Stanley upgraded Accenture from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $159.00 to $140.00 in a report on Monday, February 5th. Cowen reiterated a “buy” rating and issued a $165.00 price objective on shares of Accenture in a report on Thursday, December 14th. Finally, Credit Suisse Group set a $165.00 price objective on Accenture and gave the stock a “hold” rating in a report on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus 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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