Accenture PLC (ACN) Insider Julie Spellman Sweet Sells 1,974 Shares

Accenture PLC (NYSE:ACN) insider Julie Spellman Sweet sold 1,974 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $128.68, for a total value of $254,014.32. Following the transaction, the insider now directly owns 14,082 shares in the company, valued at approximately $1,812,071.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Accenture PLC (NYSE:ACN) traded down 0.12% on Friday, reaching $127.44. 1,263,534 shares of the company were exchanged. Accenture PLC has a 52-week low of $108.83 and a 52-week high of $130.67. The stock has a 50 day moving average of $127.52 and a 200-day moving average of $122.97. The company has a market capitalization of $78.76 billion, a P/E ratio of 22.57 and a beta of 1.11.

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

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A number of research firms have weighed in on ACN. BMO Capital Markets reiterated a “hold” rating and set a $130.00 price objective (up previously from $125.00) on shares of Accenture PLC in a report on Thursday, June 22nd. Wells Fargo & Company reiterated an “outperform” rating and set a $138.00 price objective (up previously from $131.50) on shares of Accenture PLC in a report on Friday, June 16th. Zacks Investment Research downgraded Accenture PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, May 30th. SunTrust Banks, Inc. downgraded Accenture PLC from a “buy” rating to a “hold” rating and upped their target price for the company from $122.15 to $130.00 in a research report on Wednesday, May 24th. Finally, Berenberg Bank set a $140.00 target price on Accenture PLC and gave the company a “buy” rating in a research report on Saturday, June 24th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Accenture PLC currently has an average rating of “Buy” and a consensus target price of $130.71.

Hedge funds have recently bought and sold shares of the stock. Coconut Grove Bank boosted its stake in Accenture PLC by 75.7% in the first quarter. Coconut Grove Bank now owns 845 shares of the information technology services provider’s stock worth $101,000 after buying an additional 364 shares during the period. Farmers & Merchants Investments Inc. boosted its stake in Accenture PLC by 1.3% in the first quarter. Farmers & Merchants Investments Inc. now owns 865 shares of the information technology services provider’s stock worth $104,000 after buying an additional 11 shares during the period. TCI Wealth Advisors Inc. boosted its stake in Accenture PLC by 23.4% in the second quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock worth $106,000 after buying an additional 162 shares during the period. Howe & Rusling Inc. boosted its stake in Accenture PLC by 14.2% in the first quarter. Howe & Rusling Inc. now owns 908 shares of the information technology services provider’s stock worth $109,000 after buying an additional 113 shares during the period. Finally, Bellwether Investment Group LLC boosted its stake in Accenture PLC by 64.2% in the first quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock worth $110,000 after buying an additional 359 shares during the period. Hedge funds and other institutional investors own 76.88% 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.

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

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