Accenture Plc (NYSE:ACN) insider Richard Lumb sold 2,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $155.34, for a total value of $310,680.00. Following the completion of the sale, the insider now owns 121,041 shares of the company’s stock, valued at $18,802,508.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Richard Lumb also recently made the following trade(s):
- On Thursday, January 18th, Richard Lumb sold 2,000 shares of Accenture stock. The shares were sold at an average price of $160.30, for a total value of $320,600.00.
Accenture Plc (NYSE ACN) opened at $156.84 on Wednesday. Accenture Plc has a fifty-two week low of $114.82 and a fifty-two week high of $162.60. The company has a market capitalization of $98,436.33, a price-to-earnings ratio of 25.32, a PEG ratio of 2.33 and a beta of 1.05.
Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, December 21st. The information technology services provider reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.12. Accenture had a return on equity of 41.79% and a net margin of 9.43%. The company had revenue of $9.52 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter in the previous year, the firm earned $1.58 EPS. Accenture’s revenue was up 11.8% on a year-over-year basis. equities research analysts anticipate that Accenture Plc will post 6.65 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Accenture by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 48,468,073 shares of the information technology services provider’s stock worth $5,994,531,000 after buying an additional 1,088,676 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Accenture by 2.2% during the 2nd quarter. Capital Research Global Investors now owns 28,501,643 shares of the information technology services provider’s stock worth $3,525,083,000 after buying an additional 605,156 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Accenture by 0.8% during the 2nd quarter. Northern Trust Corp now owns 9,476,570 shares of the information technology services provider’s stock worth $1,172,063,000 after buying an additional 70,740 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Accenture by 54.1% during the 4th quarter. Wells Fargo & Company MN now owns 6,977,987 shares of the information technology services provider’s stock worth $1,068,260,000 after buying an additional 2,450,772 shares in the last quarter. Finally, Independent Franchise Partners LLP raised its holdings in shares of Accenture by 3.7% during the 3rd quarter. Independent Franchise Partners LLP now owns 6,293,362 shares of the information technology services provider’s stock worth $850,044,000 after buying an additional 222,828 shares in the last quarter. 75.63% of the stock is owned by institutional investors.
Several analysts recently issued reports on ACN shares. Robert W. Baird restated a “hold” rating and issued a $155.00 price target on shares of Accenture in a research note on Thursday, December 7th. Pivotal Research set a $180.00 price target on Accenture and gave the company a “buy” rating in a research note on Wednesday, January 3rd. KeyCorp restated a “buy” rating and issued a $149.00 price target on shares of Accenture in a research note on Sunday, October 29th. 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 report on Wednesday, December 27th. Finally, Bank of America lifted their price objective on Accenture from $150.00 to $171.00 in a report on Friday, December 22nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Accenture currently has a consensus rating of “Hold” and an average 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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