Accenture PLC (NYSE:ACN) insider Richard P. Clark sold 3,155 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $143.01, for a total transaction of $451,196.55. Following the sale, the insider now owns 5,533 shares of the company’s stock, valued at approximately $791,274.33. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Accenture PLC (ACN) opened at 143.29 on Tuesday. Accenture PLC has a 12-month low of $112.31 and a 12-month high of $143.78. The firm has a 50-day moving average of $137.64 and a 200 day moving average of $128.55. The company has a market capitalization of $88.48 billion, a price-to-earnings ratio of 26.33 and a beta of 1.08.

Accenture PLC (NYSE:ACN) last announced its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.01. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The firm had revenue of $9.15 billion for the quarter, compared to analysts’ expectations of $9.01 billion. During the same period in the prior year, the business posted $1.31 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. Analysts expect that Accenture PLC will post $6.56 EPS for the current fiscal year.

The business also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th will be given a dividend of $1.33 per share. This represents a dividend yield of 1.97%. The ex-dividend date is Wednesday, October 18th. Accenture PLC’s dividend payout ratio is presently 48.90%.

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Institutional investors and hedge funds have recently made changes to their positions in the company. Canada Pension Plan Investment Board increased its position in shares of Accenture PLC by 18.9% during the second quarter. Canada Pension Plan Investment Board now owns 473,257 shares of the information technology services provider’s stock valued at $58,532,000 after buying an additional 75,100 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of Accenture PLC by 4.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 2,087,814 shares of the information technology services provider’s stock valued at $258,221,000 after buying an additional 97,760 shares during the period. Retirement Systems of Alabama increased its position in shares of Accenture PLC by 0.3% during the second quarter. Retirement Systems of Alabama now owns 340,128 shares of the information technology services provider’s stock valued at $42,067,000 after buying an additional 916 shares during the period. Vigilant Capital Management LLC increased its position in shares of Accenture PLC by 1.8% during the second quarter. Vigilant Capital Management LLC now owns 101,619 shares of the information technology services provider’s stock valued at $12,568,000 after buying an additional 1,780 shares during the period. Finally, Stratos Wealth Partners LTD. increased its position in shares of Accenture PLC by 2.3% during the second quarter. Stratos Wealth Partners LTD. now owns 35,664 shares of the information technology services provider’s stock valued at $4,411,000 after buying an additional 795 shares during the period. Hedge funds and other institutional investors own 77.82% of the company’s stock.

ACN has been the subject of a number of research reports. Bank of America Corporation initiated coverage on shares of Accenture PLC in a research note on Tuesday, September 12th. They set a “buy” rating and a $150.00 target price for the company. Stifel Nicolaus raised their target price on shares of Accenture PLC from $138.00 to $146.00 and gave the stock a “buy” rating in a research note on Thursday, September 7th. Zacks Investment Research upgraded shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Wednesday, September 6th. BidaskClub cut shares of Accenture PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Finally, Cowen and Company restated a “buy” rating and set a $135.00 target price on shares of Accenture PLC in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $141.84.

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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