Accenture Plc (ACN) Insider Richard Lumb Sells 2,000 Shares of Stock

Accenture Plc (NYSE:ACN) insider Richard Lumb sold 2,000 shares of Accenture stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $160.30, for a total transaction of $320,600.00. Following the completion of the sale, the insider now owns 123,863 shares of the company’s stock, valued at $19,855,238.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Accenture Plc (NYSE ACN) traded up $0.81 on Friday, hitting $161.75. 2,246,733 shares of the company traded hands, compared to its average volume of 2,110,000. Accenture Plc has a 1 year low of $112.31 and a 1 year high of $162.50. The firm has a market cap of $103,700.00, a PE ratio of 28.68, a P/E/G ratio of 2.41 and a beta of 1.08.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.12. Accenture had a net margin of 9.43% and a return on equity of 41.79%. The firm had revenue of $9.52 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same period in the previous year, the business posted $1.58 EPS. The business’s revenue was up 11.8% compared to the same quarter last year. sell-side analysts forecast that Accenture Plc will post 6.64 earnings per share for the current year.

Several brokerages have commented on ACN. Societe Generale cut shares of Accenture from a “buy” rating to a “hold” rating and set a $144.00 price objective for the company. in a research note on Thursday, September 28th. Susquehanna Bancshares restated a “neutral” rating and set a $144.00 price objective on shares of Accenture in a research note on Tuesday, October 3rd. KeyCorp restated a “buy” rating and set a $135.00 price objective on shares of Accenture in a research note on Friday, September 22nd. Royal Bank of Canada lifted their price objective on shares of Accenture from $145.00 to $148.00 and gave the company an “outperform” rating in a research note on Friday, September 29th. Finally, SunTrust Banks set a $130.00 price objective on shares of Accenture and gave the company a “hold” rating in a research note on Sunday, October 1st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $156.57.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Flagship Harbor Advisors LLC increased its holdings in Accenture by 0.4% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 2,917 shares of the information technology services provider’s stock worth $362,000 after acquiring an additional 12 shares in the last quarter. AlphaMark Advisors LLC increased its holdings in Accenture by 0.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 2,319 shares of the information technology services provider’s stock worth $287,000 after acquiring an additional 20 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its holdings in Accenture by 1.4% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,801 shares of the information technology services provider’s stock worth $223,000 after acquiring an additional 24 shares in the last quarter. Manchester Capital Management LLC increased its holdings in Accenture by 7.0% in the 2nd quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock worth $114,000 after acquiring an additional 60 shares in the last quarter. Finally, MAI Capital Management increased its holdings in Accenture by 0.6% in the 2nd quarter. MAI Capital Management now owns 14,744 shares of the information technology services provider’s stock worth $1,824,000 after acquiring an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 75.28% of the company’s stock.

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About Accenture

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 (NYSE:ACN)

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