Accenture Plc (ACN) Insider Ellyn Shook Sells 2,344 Shares

Accenture Plc (NYSE:ACN) insider Ellyn Shook sold 2,344 shares of the stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $160.00, for a total transaction of $375,040.00. Following the sale, the insider now directly owns 31,951 shares of the company’s stock, valued at approximately $5,112,160. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

ACN traded down $0.37 on Thursday, reaching $163.50. 3,969 shares of the company’s stock were exchanged, compared to its average volume of 2,403,453. The firm has a market capitalization of $105.89 billion, a PE ratio of 24.27, a PEG ratio of 2.14 and a beta of 1.01. Accenture Plc has a twelve month low of $142.70 and a twelve month high of $175.64.

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

The firm also recently declared a semiannual dividend, which will be paid on Thursday, November 15th. Investors 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 is a positive change from Accenture’s previous semiannual dividend of $1.21. This represents a yield of 1.68%. Accenture’s payout ratio is presently 43.32%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Windsor Group LTD raised its stake in Accenture by 5.3% during the third quarter. Windsor Group LTD now owns 6,121 shares of the information technology services provider’s stock worth $1,042,000 after purchasing an additional 307 shares during the period. Capital Analysts LLC raised its stake in Accenture by 4.0% during the third quarter. Capital Analysts LLC now owns 8,021 shares of the information technology services provider’s stock worth $1,365,000 after purchasing an additional 307 shares during the period. Boston Advisors LLC raised its stake in Accenture by 0.9% during the second quarter. Boston Advisors LLC now owns 33,207 shares of the information technology services provider’s stock worth $5,432,000 after purchasing an additional 312 shares during the period. Valeo Financial Advisors LLC raised its stake in Accenture by 48.3% during the second quarter. Valeo Financial Advisors LLC now owns 1,010 shares of the information technology services provider’s stock worth $162,000 after purchasing an additional 329 shares during the period. Finally, M Holdings Securities Inc. raised its stake in Accenture by 4.6% during the second quarter. M Holdings Securities Inc. now owns 7,453 shares of the information technology services provider’s stock worth $1,219,000 after purchasing an additional 330 shares during the period. Hedge funds and other institutional investors own 70.27% of the company’s stock.

ACN has been the subject of a number of research analyst reports. Citigroup raised their price target on shares of Accenture from $163.00 to $172.00 and gave the stock a “neutral” rating in a report on Tuesday, September 18th. Moffett Nathanson initiated coverage on shares of Accenture in a report on Thursday, October 4th. They issued a “buy” rating and a $200.00 price target for the company. Wolfe Research initiated coverage on shares of Accenture in a report on Tuesday, July 17th. They issued an “underperform” rating for the company. Zacks Investment Research raised shares of Accenture from a “sell” rating to a “hold” rating in a report on Tuesday, September 25th. Finally, Deutsche Bank raised their price target on shares of Accenture from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, September 20th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $176.37.

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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.

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