Accenture (NYSE:ACN) CFO David Rowland sold 3,270 shares of the firm’s stock in a transaction dated Friday, April 20th. The stock was sold at an average price of $152.93, for a total value of $500,081.10. Following the sale, the chief financial officer now owns 20,243 shares of the company’s stock, valued at $3,095,761.99. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
David Rowland also recently made the following trade(s):
- On Thursday, January 25th, David Rowland sold 3,102 shares of Accenture stock. The shares were sold at an average price of $161.21, for a total value of $500,073.42.
Shares of NYSE ACN opened at $153.04 on Tuesday. The company has a market capitalization of $96,822.73, a price-to-earnings ratio of 25.90, a price-to-earnings-growth ratio of 2.28 and a beta of 1.04. Accenture has a 12 month low of $118.40 and a 12 month high of $165.58.
Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, March 22nd. The information technology services provider reported $1.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.09. The company had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.31 billion. Accenture had a return on equity of 41.50% and a net margin of 9.18%. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.33 EPS. equities analysts anticipate that Accenture will post 6.69 earnings per share for the current year.
Several equities research analysts have recently issued reports on ACN shares. Pivotal Research set a $180.00 price target on Accenture and gave the company a “buy” rating in a report on Wednesday, January 3rd. Sanford C. Bernstein started coverage on Accenture in a report on Wednesday, March 28th. They set an “outperform” rating and a $180.00 price target for the company. Robert W. Baird lifted their price target on Accenture from $162.00 to $165.00 and gave the company a “neutral” rating in a report on Tuesday, March 20th. Wedbush reiterated an “outperform” rating and set a $180.00 price target (up from $165.00) on shares of Accenture in a report on Tuesday, March 20th. Finally, Zacks Investment Research upgraded Accenture from a “hold” rating to a “buy” rating and set a $172.00 price target for the company in a report on Wednesday, December 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Accenture has an average rating of “Buy” and an average price target of $161.80.
Hedge funds and other institutional investors have recently modified their holdings of the business. Farmers National Bank bought a new stake in shares of Accenture during the fourth quarter valued at approximately $107,000. Virtue Capital Management LLC bought a new stake in shares of Accenture during the fourth quarter valued at approximately $128,000. Aevitas Wealth Management Inc. bought a new stake in shares of Accenture during the fourth quarter valued at approximately $131,000. Wagner Wealth Management LLC bought a new stake in shares of Accenture during the fourth quarter valued at approximately $179,000. Finally, Santori & Peters Inc. bought a new stake in shares of Accenture during the fourth quarter valued at approximately $181,000. 75.61% of the stock is currently owned by institutional investors.
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Accenture Company Profile
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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