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.
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.
TRADEMARK VIOLATION NOTICE: This news story was posted by WKRB News and is the sole property of of WKRB News. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.wkrb13.com/2018/11/08/accenture-plc-acn-insider-ellyn-shook-sells-2344-shares.html.
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: What is Cost of Debt?
Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.