Accenture Plc (NYSE:ACN) Insider Sells $393,900.00 in Stock

Accenture Plc (NYSE:ACN) insider Richard Lumb sold 2,000 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $196.95, for a total value of $393,900.00. Following the sale, the insider now owns 73,548 shares in the company, valued at $14,485,278.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Richard Lumb also recently made the following trade(s):

  • On Monday, July 1st, Richard Lumb sold 2,000 shares of Accenture stock. The stock was sold at an average price of $186.35, for a total value of $372,700.00.
  • On Friday, May 10th, Richard Lumb sold 18,000 shares of Accenture stock. The stock was sold at an average price of $172.82, for a total value of $3,110,760.00.

Accenture stock opened at $194.16 on Friday. Accenture Plc has a one year low of $132.63 and a one year high of $197.47. The business has a 50 day moving average of $190.46. The firm has a market capitalization of $131.47 billion, a price-to-earnings ratio of 27.17, a P/E/G ratio of 2.58 and a beta of 1.05.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, June 27th. The information technology services provider reported $1.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.89 by $0.04. Accenture had a return on equity of 36.24% and a net margin of 10.93%. The firm had revenue of $11.10 billion for the quarter, compared to analyst estimates of $11.03 billion. During the same period in the previous year, the firm earned $1.79 earnings per share. The company’s revenue was up 3.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Accenture Plc will post 7.33 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Lenox Wealth Advisors LLC lifted its stake in Accenture by 297.1% in the second quarter. Lenox Wealth Advisors LLC now owns 135 shares of the information technology services provider’s stock valued at $25,000 after buying an additional 101 shares during the period. Truvestments Capital LLC acquired a new position in Accenture in the first quarter valued at approximately $27,000. Financial Gravity Wealth Inc. acquired a new position in Accenture in the first quarter valued at approximately $30,000. Semmax Financial Advisors Inc. acquired a new position in Accenture in the first quarter valued at approximately $32,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in Accenture by 455.9% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 189 shares of the information technology services provider’s stock valued at $33,000 after buying an additional 155 shares during the period. 69.42% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on ACN. Wells Fargo & Co boosted their price target on Accenture from $193.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 13th. Credit Suisse Group set a $180.00 price objective on Accenture and gave the stock a “hold” rating in a research note on Friday, June 28th. Deutsche Bank lifted their price objective on Accenture from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Citigroup lifted their price objective on Accenture from $194.00 to $211.00 and gave the stock a “buy” rating in a research note on Thursday, June 20th. Finally, Argus lifted their price objective on Accenture to $220.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $192.38.

About Accenture

Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.

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Insider Buying and Selling by Quarter for Accenture (NYSE:ACN)

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