Accenture PLC (NYSE:ACN) Insider Sells $550,000.00 in Stock

Accenture PLC (NYSE:ACN) insider Ellyn Shook sold 4,400 shares of the stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $125.00, for a total transaction of $550,000.00. Following the sale, the insider now directly owns 37,344 shares in the company, valued at approximately $4,668,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Ellyn Shook also recently made the following trade(s):

  • On Wednesday, April 26th, Ellyn Shook sold 2,200 shares of Accenture PLC stock. The stock was sold at an average price of $119.02, for a total transaction of $261,844.00.

Accenture PLC (NYSE:ACN) traded down 0.03% on Friday, hitting $128.20. The stock had a trading volume of 1,105,546 shares. The company has a market cap of $79.23 billion, a PE ratio of 22.70 and a beta of 1.11. Accenture PLC has a one year low of $108.83 and a one year high of $130.67. The stock has a 50-day moving average of $126.66 and a 200-day moving average of $122.51.

Accenture PLC (NYSE:ACN) last issued its quarterly earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 EPS for the quarter, meeting analysts’ consensus estimates of $1.52. The company had revenue of $8.87 billion for the quarter, compared to analyst estimates of $8.82 billion. Accenture PLC had a return on equity of 43.96% and a net margin of 9.92%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.41 earnings per share. Equities analysts expect that Accenture PLC will post $5.90 earnings per share for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in ACN. BlackRock Inc. raised its stake in Accenture PLC by 2,139.5% in the first quarter. BlackRock Inc. now owns 39,462,967 shares of the information technology services provider’s stock valued at $4,730,821,000 after buying an additional 37,700,871 shares during the last quarter. Norges Bank bought a new stake in Accenture PLC during the fourth quarter valued at about $649,544,000. Vanguard Group Inc. raised its stake in Accenture PLC by 6.2% in the first quarter. Vanguard Group Inc. now owns 47,379,397 shares of the information technology services provider’s stock valued at $5,679,843,000 after buying an additional 2,749,896 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Accenture PLC during the fourth quarter valued at about $258,021,000. Finally, BT Investment Management Ltd bought a new stake in Accenture PLC during the second quarter valued at about $220,158,000. Institutional investors and hedge funds own 77.48% of the company’s stock.

ACN has been the topic of several analyst reports. SunTrust Banks, Inc. cut shares of Accenture PLC from a “buy” rating to a “hold” rating and raised their target price for the company from $122.15 to $130.00 in a report on Wednesday, May 24th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $135.00 target price on shares of Accenture PLC in a report on Monday, May 29th. Zacks Investment Research cut shares of Accenture PLC from a “hold” rating to a “sell” rating in a report on Tuesday, May 30th. Robert W. Baird reaffirmed a “neutral” rating and issued a $138.00 target price (up previously from $132.00) on shares of Accenture PLC in a report on Wednesday, June 14th. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $138.00 price target (up from $131.50) on shares of Accenture PLC in a research note on Friday, June 16th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $130.71.

About Accenture PLC

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.

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

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