Accenture Plc (NYSE:ACN) COO Johan Deblaere sold 5,000 shares of the company’s stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $162.36, for a total transaction of $811,800.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of ACN opened at $163.34 on Wednesday. The stock has a market cap of $103.70 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 2.43 and a beta of 0.97. Accenture Plc has a 1 year low of $122.03 and a 1 year high of $165.58.
Accenture (NYSE:ACN) last issued its earnings results on Thursday, June 28th. The information technology services provider reported $1.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.07. The firm had revenue of $10.32 billion for the quarter, compared to analysts’ expectations of $10.04 billion. Accenture had a net margin of 9.76% and a return on equity of 42.01%. The firm’s revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.52 earnings per share. research analysts expect that Accenture Plc will post 6.71 EPS for the current fiscal year.
A number of research analysts have commented on ACN shares. Wedbush decreased their target price on shares of Accenture from $180.00 to $153.50 and set an “outperform” rating on the stock in a research report on Monday, April 2nd. BMO Capital Markets upped their target price on shares of Accenture from $156.00 to $158.00 and gave the company a “market perform” rating in a research report on Friday, March 23rd. Sanford C. Bernstein started coverage on shares of Accenture in a research report on Wednesday, March 28th. They issued an “outperform” rating and a $180.00 target price on the stock. Pivotal Research reaffirmed a “buy” rating and issued a $180.00 target price on shares of Accenture in a research report on Wednesday, April 11th. Finally, Barclays upped their target price on shares of Accenture from $152.00 to $154.00 and gave the company an “equal weight” rating in a research report on Friday, March 23rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $162.11.
A number of large investors have recently modified their holdings of ACN. Summit Trail Advisors LLC raised its holdings in Accenture by 14,894.9% in the first quarter. Summit Trail Advisors LLC now owns 5,129,307 shares of the information technology services provider’s stock valued at $5,129,000 after acquiring an additional 5,095,100 shares in the last quarter. BlackRock Inc. raised its holdings in Accenture by 7.2% in the first quarter. BlackRock Inc. now owns 42,348,766 shares of the information technology services provider’s stock valued at $6,500,537,000 after acquiring an additional 2,861,472 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Accenture by 656.0% in the first quarter. Robeco Institutional Asset Management B.V. now owns 957,614 shares of the information technology services provider’s stock valued at $146,994,000 after acquiring an additional 830,948 shares in the last quarter. Swedbank acquired a new stake in Accenture in the fourth quarter valued at approximately $90,670,000. Finally, Deutsche Bank AG raised its holdings in Accenture by 34.3% in the fourth quarter. Deutsche Bank AG now owns 1,453,595 shares of the information technology services provider’s stock valued at $222,522,000 after acquiring an additional 370,895 shares in the last quarter. 73.79% of the stock is currently owned by hedge funds and other institutional investors.
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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