Accenture Plc (ACN) Insider Daniel T. London Sells 697 Shares of Stock

Accenture Plc (NYSE:ACN) insider Daniel T. London sold 697 shares of Accenture Plc stock in a transaction that occurred on Thursday, April 6th. The shares were sold at an average price of $117.29, for a total value of $81,751.13. Following the completion of the sale, the insider now owns 27,179 shares in the company, valued at $3,187,824.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of Accenture Plc (NYSE:ACN) opened at 120.82 on Friday. The firm has a market capitalization of $74.92 billion, a P/E ratio of 20.13 and a beta of 1.17. The company’s 50-day moving average price is $119.65 and its 200-day moving average price is $118.99. Accenture Plc has a 52-week low of $108.66 and a 52-week high of $126.53.

Accenture Plc (NYSE:ACN) last posted its quarterly earnings results on Thursday, March 23rd. The information technology services provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.03. The firm earned $8.32 billion during the quarter, compared to the consensus estimate of $8.34 billion. Accenture Plc had a net margin of 12.34% and a return on equity of 46.99%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.34 earnings per share. On average, equities research analysts expect that Accenture Plc will post $5.86 EPS for the current fiscal year.

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

The company also recently declared a semiannual dividend, which will be paid on Monday, May 15th. Investors of record on Thursday, April 13th will be issued a dividend of $1.21 per share. The ex-dividend date is Tuesday, April 11th. This is a boost from Accenture Plc’s previous semiannual dividend of $1.02. This represents a yield of 2.03%. Accenture Plc’s payout ratio is 35.85%.

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ACN has been the topic of several recent research reports. BMO Capital Markets upped their price objective on Accenture Plc to $125.00 in a research report on Friday, March 24th. Stifel Nicolaus upped their price objective on Accenture Plc from $128.00 to $138.00 and gave the company a “buy” rating in a research report on Tuesday, March 21st. Deutsche Bank AG upped their target price on Accenture Plc from $127.00 to $133.00 and gave the company a “buy” rating in a research note on Friday, March 24th. Berenberg Bank reiterated a “buy” rating and issued a $140.00 target price on shares of Accenture Plc in a research note on Sunday, January 8th. Finally, Zacks Investment Research upgraded Accenture Plc from a “sell” rating to a “hold” rating in a research note on Tuesday, March 14th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $128.08.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Coconut Grove Bank boosted its position in Accenture Plc by 75.7% in the first quarter. Coconut Grove Bank now owns 845 shares of the information technology services provider’s stock worth $101,000 after buying an additional 364 shares during the last quarter. Elgethun Capital Management acquired a new stake in Accenture Plc during the fourth quarter valued at about $102,000. Farmers & Merchants Investments Inc. raised its stake in Accenture Plc by 1.3% in the first quarter. Farmers & Merchants Investments Inc. now owns 865 shares of the information technology services provider’s stock worth $104,000 after buying an additional 11 shares during the period. Howe & Rusling Inc. raised its stake in Accenture Plc by 14.2% in the first quarter. Howe & Rusling Inc. now owns 908 shares of the information technology services provider’s stock worth $109,000 after buying an additional 113 shares during the period. Finally, Parkside Financial Bank & Trust raised its stake in Accenture Plc by 3.6% in the third quarter. Parkside Financial Bank & Trust now owns 945 shares of the information technology services provider’s stock worth $115,000 after buying an additional 33 shares during the period. Institutional investors and hedge funds own 77.38% 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.

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