Accenture Plc (NYSE:ACN) insider Gianfranco Casati sold 18,258 shares of Accenture stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $158.19, for a total value of $2,888,233.02. Following the completion of the transaction, the insider now directly owns 49,476 shares in the company, valued at $7,826,608.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
ACN traded up $0.96 during trading on Thursday, hitting $158.58. The company’s stock had a trading volume of 1,760,726 shares, compared to its average volume of 2,201,313. Accenture Plc has a twelve month low of $141.93 and a twelve month high of $175.64. The firm has a market cap of $104.32 billion, a PE ratio of 23.53, a price-to-earnings-growth ratio of 2.08 and a beta of 0.98.
Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, September 27th. The information technology services provider reported $1.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.02. Accenture had a return on equity of 41.92% and a net margin of 9.76%. The firm had revenue of $10.15 billion for the quarter, compared to analyst estimates of $10.01 billion. During the same period in the previous year, the firm earned $1.48 earnings per share. The company’s revenue was up 10.9% compared to the same quarter last year. As a group, equities research analysts expect that Accenture Plc will post 7.21 EPS for the current fiscal year.
The firm also recently declared a semiannual dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, October 18th will be paid a $1.46 dividend. The ex-dividend date is Wednesday, October 17th. This is a positive change from Accenture’s previous semiannual dividend of $1.21. This represents a yield of 1.68%. Accenture’s payout ratio is 43.32%.
A number of equities analysts recently commented on ACN shares. Zacks Investment Research raised Accenture from a “sell” rating to a “hold” rating in a research note on Tuesday, September 25th. Argus lifted their price objective on Accenture to $200.00 and gave the stock a “positive” rating in a research note on Friday, September 28th. They noted that the move was a valuation call. BMO Capital Markets lifted their price objective on Accenture to $180.00 and gave the stock a “market perform” rating in a research note on Friday, September 28th. Credit Suisse Group set a $170.00 price objective on Accenture and gave the stock a “hold” rating in a research note on Friday, September 28th. Finally, Robert W. Baird lifted their price objective on Accenture from $174.00 to $176.00 and gave the stock a “neutral” rating in a research note on Friday, September 28th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Accenture presently has a consensus rating of “Buy” and an average target price of $176.37.
A number of institutional investors and hedge funds have recently modified their holdings of the business. WP Advisors LLC bought a new stake in shares of Accenture during the second quarter valued at approximately $106,000. MUFG Securities EMEA plc bought a new stake in shares of Accenture during the second quarter valued at approximately $118,000. Fort L.P. bought a new stake in shares of Accenture during the second quarter valued at approximately $124,000. Valeo Financial Advisors LLC increased its holdings in shares of Accenture by 48.3% during the second quarter. Valeo Financial Advisors LLC now owns 1,010 shares of the information technology services provider’s stock valued at $162,000 after acquiring an additional 329 shares in the last quarter. Finally, Charter Trust Co. bought a new stake in shares of Accenture during the second quarter valued at approximately $204,000. 70.37% of the stock is currently owned by hedge funds and other institutional investors.
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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