Accenture PLC (NYSE:ACN) insider Daniel T. London sold 637 shares of the company’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $136.03, for a total value of $86,651.11. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Accenture PLC (ACN) traded up 0.30% during mid-day trading on Tuesday, hitting $137.40. The stock had a trading volume of 354,068 shares. The firm has a market cap of $84.85 billion, a PE ratio of 25.25 and a beta of 1.08. The stock’s 50-day moving average is $133.81 and its 200 day moving average is $126.22. Accenture PLC has a 12 month low of $112.31 and a 12 month high of $138.70.
Accenture PLC (NYSE:ACN) last issued its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. The firm had revenue of $9.15 billion during the quarter, compared to the consensus estimate of $9.01 billion. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.31 earnings per share. Equities research analysts predict that Accenture PLC will post $6.56 earnings per share for the current fiscal year.
The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, October 19th will be paid a dividend of $1.33 per share. The ex-dividend date of this dividend is Wednesday, October 18th. This represents a dividend yield of 1.97%. Accenture PLC’s payout ratio is currently 44.49%.
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Several research analysts recently issued reports on ACN shares. Stifel Nicolaus increased their price objective on Accenture PLC from $138.00 to $146.00 and gave the stock a “buy” rating in a research note on Thursday, September 7th. Zacks Investment Research raised Accenture PLC from a “hold” rating to a “buy” rating and set a $151.00 price objective on the stock in a research note on Thursday, September 14th. Royal Bank Of Canada increased their price objective on Accenture PLC from $145.00 to $148.00 and gave the stock an “outperform” rating in a research note on Friday, September 29th. BidaskClub cut Accenture PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Finally, Morgan Stanley set a $132.00 price objective on Accenture PLC and gave the stock a “hold” rating in a research note on Friday, June 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $141.84.
Several hedge funds have recently modified their holdings of the stock. Ropes Wealth Advisors LLC grew its stake in shares of Accenture PLC by 0.5% during the first quarter. Ropes Wealth Advisors LLC now owns 1,412 shares of the information technology services provider’s stock worth $169,000 after purchasing an additional 7 shares in the last quarter. Flagship Harbor Advisors LLC grew its stake in shares of Accenture PLC by 0.4% during the second quarter. Flagship Harbor Advisors LLC now owns 2,917 shares of the information technology services provider’s stock worth $362,000 after purchasing an additional 12 shares in the last quarter. Glenview Trust Co grew its stake in shares of Accenture PLC by 0.3% during the first quarter. Glenview Trust Co now owns 4,935 shares of the information technology services provider’s stock worth $591,000 after purchasing an additional 15 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Accenture PLC by 2.0% during the first quarter. Parkside Financial Bank & Trust now owns 978 shares of the information technology services provider’s stock worth $117,000 after purchasing an additional 19 shares in the last quarter. Finally, AlphaMark Advisors LLC grew its stake in shares of Accenture PLC by 0.9% during the second quarter. AlphaMark Advisors LLC now owns 2,319 shares of the information technology services provider’s stock worth $287,000 after purchasing an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 77.73% of the company’s stock.
Accenture PLC 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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