Accenture PLC (NYSE:ACN) Insider Sells $254,014.32 in Stock

Accenture PLC (NYSE:ACN) insider Julie Spellman Sweet sold 1,974 shares of the firm’s stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $128.68, for a total value of $254,014.32. Following the sale, the insider now owns 14,082 shares in the company, valued at $1,812,071.76. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Accenture PLC (NYSE ACN) opened at 128.20 on Friday. The firm has a market cap of $79.23 billion, a PE ratio of 22.70 and a beta of 1.11. The company’s 50 day moving average price is $126.66 and its 200 day moving average price is $122.51. Accenture PLC has a 52-week low of $108.83 and a 52-week high of $130.67.

Accenture PLC (NYSE:ACN) last announced its quarterly earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.52. The company had revenue of $8.87 billion for 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%. Accenture PLC’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.41 EPS. Analysts predict that Accenture PLC will post $5.90 earnings per share for the current fiscal year.

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

Several hedge funds have recently made changes to their positions in the stock. Osborn Williams & Donohoe LLC boosted its stake in Accenture PLC by 1.4% in the first quarter. Osborn Williams & Donohoe LLC now owns 33,820 shares of the information technology services provider’s stock valued at $4,054,000 after buying an additional 465 shares in the last quarter. Acropolis Investment Management LLC boosted its stake in Accenture PLC by 1.9% in the first quarter. Acropolis Investment Management LLC now owns 11,242 shares of the information technology services provider’s stock valued at $1,348,000 after buying an additional 215 shares in the last quarter. CENTRAL TRUST Co boosted its stake in Accenture PLC by 2.2% in the first quarter. CENTRAL TRUST Co now owns 7,136 shares of the information technology services provider’s stock valued at $856,000 after buying an additional 152 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in Accenture PLC by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 842,576 shares of the information technology services provider’s stock valued at $101,008,000 after buying an additional 25,216 shares in the last quarter. Finally, Beacon Financial Group purchased a new stake in Accenture PLC during the first quarter valued at about $327,000. Institutional investors own 77.48% of the company’s stock.

About Accenture PLC

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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