Accenture Plc (NYSE:ACN) insider Richard Lumb sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 16th. The stock was sold at an average price of $160.63, for a total transaction of $321,260.00. Following the completion of the transaction, the insider now owns 117,683 shares of the company’s stock, valued at $18,903,420.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Richard Lumb also recently made the following trade(s):

  • On Monday, August 13th, Richard Lumb sold 2,000 shares of Accenture stock. The stock was sold at an average price of $160.86, for a total transaction of $321,720.00.
  • On Friday, July 20th, Richard Lumb sold 2,000 shares of Accenture stock. The stock was sold at an average price of $166.66, for a total transaction of $333,320.00.

Shares of NYSE:ACN opened at $158.28 on Friday. Accenture Plc has a fifty-two week low of $138.05 and a fifty-two week high of $175.64. The firm has a market cap of $105.39 billion, a P/E ratio of 23.17, a P/E/G ratio of 2.10 and a beta of 0.98.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, September 27th. The information technology services provider reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.02. Accenture had a net margin of 9.76% and a return on equity of 41.92%. The firm had revenue of $10.15 billion during the quarter, compared to analyst estimates of $10.01 billion. During the same quarter in the prior year, the business earned $1.48 earnings per share. Accenture’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, analysts expect that Accenture Plc will post 7.21 EPS for the current year.

The firm also recently disclosed a semiannual dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, October 18th will be given a dividend of $1.46 per share. The ex-dividend date of this dividend is Wednesday, October 17th. This represents a yield of 1.68%. This is a positive change from Accenture’s previous semiannual dividend of $1.21. Accenture’s dividend payout ratio (DPR) is 43.32%.

Hedge funds have recently added to or reduced their stakes in the business. Zurich Insurance Group Ltd FI lifted its position in Accenture by 17.0% during the second quarter. Zurich Insurance Group Ltd FI now owns 134,458 shares of the information technology services provider’s stock valued at $21,996,000 after purchasing an additional 19,496 shares during the last quarter. Commonwealth Bank of Australia lifted its position in Accenture by 4.7% during the second quarter. Commonwealth Bank of Australia now owns 52,871 shares of the information technology services provider’s stock valued at $8,644,000 after purchasing an additional 2,364 shares during the last quarter. Janus Henderson Group PLC lifted its position in Accenture by 13.6% during the second quarter. Janus Henderson Group PLC now owns 3,887,804 shares of the information technology services provider’s stock valued at $636,010,000 after purchasing an additional 466,745 shares during the last quarter. HM Payson & Co. lifted its position in Accenture by 2.5% during the second quarter. HM Payson & Co. now owns 235,334 shares of the information technology services provider’s stock valued at $38,498,000 after purchasing an additional 5,679 shares during the last quarter. Finally, Putnam Investments LLC lifted its position in Accenture by 51.1% during the second quarter. Putnam Investments LLC now owns 507,768 shares of the information technology services provider’s stock valued at $83,065,000 after purchasing an additional 171,759 shares during the last quarter. Institutional investors and hedge funds own 70.30% of the company’s stock.

A number of equities analysts have weighed in on the stock. Cantor Fitzgerald upped their price target on shares of Accenture from $180.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, June 29th. BMO Capital Markets upped their price target on shares of Accenture to $170.00 and gave the stock a “market perform” rating in a research report on Friday, June 29th. Citigroup upped their price target on shares of Accenture from $159.00 to $163.00 and gave the stock a “neutral” rating in a research report on Friday, June 29th. Bank of America reiterated a “neutral” rating and issued a $79.00 price target on shares of Accenture in a research report on Friday, June 29th. Finally, Credit Suisse Group upped their price target on shares of Accenture from $151.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, June 29th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $176.37.

Accenture Company Profile

Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions for communications, media, and high tech industries, as well as for software platforms.

See Also: Retained Earnings

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

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