Insider Selling: Accenture plc (NYSE:ACN) General Counsel Sells 555 Shares of Stock

Accenture plc (NYSE:ACNGet Rating) General Counsel Joel Unruch sold 555 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $300.00, for a total transaction of $166,500.00. Following the completion of the sale, the general counsel now owns 25,601 shares of the company’s stock, valued at $7,680,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Joel Unruch also recently made the following trade(s):

  • On Monday, July 25th, Joel Unruch sold 556 shares of Accenture stock. The stock was sold at an average price of $287.51, for a total transaction of $159,855.56.

Accenture Trading Up 0.8 %

Shares of NYSE:ACN opened at $306.26 on Friday. The company has a 50 day moving average of $286.18 and a 200 day moving average of $310.09. The stock has a market cap of $193.72 billion, a P/E ratio of 29.71, a P/E/G ratio of 2.67 and a beta of 1.22. Accenture plc has a 12 month low of $261.77 and a 12 month high of $417.37.

Accenture (NYSE:ACNGet Rating) last issued its quarterly earnings data on Thursday, June 23rd. The information technology services provider reported $2.79 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.05). Accenture had a net margin of 11.13% and a return on equity of 31.50%. The firm had revenue of $16.16 billion for the quarter, compared to analysts’ expectations of $16.05 billion. During the same period in the prior year, the firm posted $2.40 EPS. On average, equities analysts forecast that Accenture plc will post 10.68 earnings per share for the current fiscal year.

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Thursday, July 14th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, July 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.27%. Accenture’s dividend payout ratio is presently 37.63%.

Hedge Funds Weigh In On Accenture

A number of hedge funds and other institutional investors have recently bought and sold shares of ACN. Oliver Lagore Vanvalin Investment Group purchased a new position in Accenture in the 1st quarter worth approximately $26,000. Ulland Investment Advisors LLC purchased a new stake in shares of Accenture in the 1st quarter valued at $29,000. HHM Wealth Advisors LLC purchased a new stake in shares of Accenture in the 4th quarter valued at $31,000. Citizens National Bank Trust Department purchased a new stake in shares of Accenture in the 4th quarter valued at $31,000. Finally, Ten Capital Wealth Advisors LLC boosted its stake in shares of Accenture by 111.1% in the 4th quarter. Ten Capital Wealth Advisors LLC now owns 76 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 74.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ACN shares. Citigroup reduced their price target on shares of Accenture from $400.00 to $330.00 and set a “buy” rating for the company in a report on Friday, June 24th. Barclays reduced their price objective on shares of Accenture from $455.00 to $370.00 and set an “overweight” rating for the company in a report on Friday, June 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Accenture from $440.00 to $364.00 in a report on Friday, June 17th. Exane BNP Paribas cut shares of Accenture from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 29th. Finally, Cowen reduced their price objective on shares of Accenture from $330.00 to $325.00 and set an “outperform” rating for the company in a report on Friday, June 24th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $358.84.

About Accenture

(Get Rating)

Accenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operations services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management, intelligent automation comprises robotic process automation, natural language processing, and virtual agents, and liquid application management services, as well as program, project, and service management services; strategy consulting services; critical data elements, data management and governance, data platform and architecture, product-based organization and skills, business adoption, and value realization services; engineering, and research and development digitization; smart connected product design and development; product platform engineering and modernization; product as-a-service enablement; products related to production and operations; autonomous robotics systems; the digital transformation of capital projects; and digital industrial workforce solutions.

Further Reading

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

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