Accenture PLC (ACN) CFO David Rowland Sells 3,702 Shares
Accenture PLC (NYSE:ACN) CFO David Rowland sold 3,702 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $135.04, for a total value of $499,918.08. Following the transaction, the chief financial officer now directly owns 9,864 shares in the company, valued at approximately $1,332,034.56. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Accenture PLC (ACN) opened at 134.25 on Wednesday. The company has a market cap of $82.90 billion, a P/E ratio of 24.67 and a beta of 1.08. Accenture PLC has a 12-month low of $112.31 and a 12-month high of $138.70. The company has a 50-day moving average price of $132.95 and a 200-day moving average price of $125.87.
Accenture PLC (NYSE:ACN) last issued its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.01. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. The business had revenue of $9.15 billion for the quarter, compared to analysts’ expectations of $9.01 billion. During the same quarter in the prior year, the firm posted $1.31 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, analysts predict that Accenture PLC will post $6.55 earnings per share for the current year.
The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th will be issued a dividend of $1.33 per share. The ex-dividend date is Wednesday, October 18th. This represents a dividend yield of 1.97%. Accenture PLC’s dividend payout ratio is 44.49%.
Institutional investors have recently added to or reduced their stakes in the business. Vantage Financial Partners Ltd. Inc. bought a new stake in Accenture PLC during the second quarter worth $533,000. TCI Wealth Advisors Inc. increased its position in shares of Accenture PLC by 23.4% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock valued at $106,000 after purchasing an additional 162 shares during the last quarter. Bellwether Investment Group LLC increased its position in shares of Accenture PLC by 64.2% during the 1st quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock valued at $110,000 after purchasing an additional 359 shares during the last quarter. Manchester Capital Management LLC increased its position in shares of Accenture PLC by 7.0% during the 2nd quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock valued at $114,000 after purchasing an additional 60 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in shares of Accenture PLC by 2.0% during the 1st quarter. Parkside Financial Bank & Trust now owns 978 shares of the information technology services provider’s stock valued at $117,000 after purchasing an additional 19 shares during the last quarter. 77.73% of the stock is currently owned by hedge funds and other institutional investors.
ACN has been the topic of a number of research analyst reports. BMO Capital Markets reaffirmed a “hold” rating and issued a $130.00 target price (up previously from $125.00) on shares of Accenture PLC in a report on Thursday, June 22nd. Zacks Investment Research upgraded shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research note on Monday, August 28th. Wells Fargo & Company reissued an “outperform” rating and issued a $138.00 price target (up previously from $131.50) on shares of Accenture PLC in a report on Friday, June 16th. Berenberg Bank restated a “buy” rating and issued a $160.00 price objective on shares of Accenture PLC in a research note on Thursday, September 21st. Finally, SunTrust Banks, Inc. set a $130.00 price objective on shares of Accenture PLC and gave the stock a “hold” rating in a report on Sunday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $141.84.
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.
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