Accenture Plc (NYSE:ACN) CFO David Rowland sold 2,916 shares of Accenture stock in a transaction dated Friday, January 18th. The shares were sold at an average price of $150.00, for a total value of $437,400.00. Following the sale, the chief financial officer now owns 30,250 shares of the company’s stock, valued at $4,537,500. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
ACN traded down $0.98 on Tuesday, hitting $149.47. The company had a trading volume of 14,232 shares, compared to its average volume of 1,972,669. Accenture Plc has a 1-year low of $132.63 and a 1-year high of $175.64. The firm has a market cap of $99.94 billion, a P/E ratio of 22.16, a price-to-earnings-growth ratio of 2.02 and a beta of 1.10.
Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, December 20th. The information technology services provider reported $1.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.12. The company had revenue of $10.61 billion for the quarter, compared to the consensus estimate of $10.54 billion. Accenture had a return on equity of 40.31% and a net margin of 9.99%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.79 EPS. On average, research analysts expect that Accenture Plc will post 7.2 EPS for the current year.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research lowered Accenture from a “hold” rating to a “sell” rating in a report on Wednesday, November 28th. UBS Group set a $180.00 price target on Accenture and gave the company a “hold” rating in a report on Wednesday, September 26th. Citigroup upgraded Accenture from a “neutral” rating to a “buy” rating and lifted their price target for the company from $161.00 to $169.00 in a report on Wednesday, January 16th. SunTrust Banks lifted their price target on Accenture to $178.00 and gave the company a “hold” rating in a report on Monday, October 1st. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $193.00 price target on shares of Accenture in a report on Thursday, December 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $173.84.
Hedge funds and other institutional investors have recently modified their holdings of the business. Providence Capital Advisors LLC increased its position in Accenture by 2,784.6% in the 3rd quarter. Providence Capital Advisors LLC now owns 1,125 shares of the information technology services provider’s stock worth $191,000 after buying an additional 1,086 shares during the period. Paulson Wealth Management Inc. bought a new stake in shares of Accenture during the third quarter valued at approximately $204,000. Breiter Capital Management Inc. bought a new stake in shares of Accenture during the third quarter valued at approximately $205,000. Keating Investment Counselors Inc. bought a new stake in shares of Accenture during the third quarter valued at approximately $205,000. Finally, Exane Derivatives increased its position in shares of Accenture by 164.7% during the third quarter. Exane Derivatives now owns 1,207 shares of the information technology services provider’s stock valued at $206,000 after purchasing an additional 751 shares during the period. 70.56% of the stock is currently owned by institutional investors.
Accenture Company Profile
Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.
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