Insider Selling: Accenture Plc (NYSE:ACN) CEO Sells $437,537.65 in Stock

Accenture Plc (NYSE:ACN) CEO David Rowland sold 2,255 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $194.03, for a total value of $437,537.65. Following the sale, the chief executive officer now directly owns 25,078 shares of the company’s stock, valued at approximately $4,865,884.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

David Rowland also recently made the following trade(s):

  • On Tuesday, April 23rd, David Rowland sold 4,869 shares of Accenture stock. The shares were sold at an average price of $179.72, for a total value of $875,056.68.

Shares of NYSE ACN opened at $193.93 on Friday. Accenture Plc has a 1-year low of $132.63 and a 1-year high of $196.36. The stock has a 50-day moving average of $186.64. The stock has a market capitalization of $130.23 billion, a P/E ratio of 28.77, a price-to-earnings-growth ratio of 2.56 and a beta of 1.05.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, June 27th. The information technology services provider reported $1.93 earnings per share for the quarter, topping 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 company had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $11.03 billion. During the same quarter in the prior year, the business earned $1.79 earnings per share. The company’s revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts anticipate that Accenture Plc will post 7.33 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in ACN. Norges Bank acquired a new position in shares of Accenture in the fourth quarter worth about $825,602,000. FMR LLC lifted its stake in shares of Accenture by 48.1% in the fourth quarter. FMR LLC now owns 6,830,316 shares of the information technology services provider’s stock worth $963,143,000 after acquiring an additional 2,217,910 shares in the last quarter. Lazard Asset Management LLC lifted its stake in shares of Accenture by 23.0% in the first quarter. Lazard Asset Management LLC now owns 6,270,138 shares of the information technology services provider’s stock worth $1,103,668,000 after acquiring an additional 1,173,313 shares in the last quarter. Railway Pension Investments Ltd acquired a new position in shares of Accenture in the second quarter worth about $15,355,000. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Accenture by 71.4% in the first quarter. The Manufacturers Life Insurance Company now owns 1,338,821 shares of the information technology services provider’s stock worth $235,659,000 after acquiring an additional 557,879 shares in the last quarter. Institutional investors and hedge funds own 69.24% of the company’s stock.

A number of equities research analysts have issued reports on the company. Robert W. Baird boosted their price target on Total System Services from $98.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, March 29th. UBS Group set a $170.00 target price on United Rentals and gave the stock a “buy” rating in a research report on Friday, June 28th. Credit Suisse Group set a $180.00 target price on Accenture and gave the stock a “hold” rating in a research report on Friday, June 28th. William Blair reaffirmed an “outperform” rating on shares of Accenture in a research report on Friday, March 29th. Finally, BMO Capital Markets decreased their target price on Methanex from $70.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price 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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