Accenture Plc (NYSE:ACN) COO Johan Deblaere sold 55,000 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $154.24, for a total value of $8,483,200.00. Following the transaction, the chief operating officer now directly owns 112,208 shares in the company, valued at approximately $17,306,961.92. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of Accenture Plc (NYSE ACN) opened at $153.84 on Friday. Accenture Plc has a 52-week low of $114.82 and a 52-week high of $162.60. The company has a market capitalization of $95,615.69, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, December 21st. The information technology services provider reported $1.79 EPS for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.12. Accenture had a return on equity of 41.79% and a net margin of 9.43%. The company had revenue of $9.52 billion during the quarter, compared to the consensus estimate of $9.25 billion. During the same quarter last year, the company earned $1.58 EPS. The company’s quarterly revenue was up 11.8% on a year-over-year basis. equities analysts expect that Accenture Plc will post 6.65 earnings per share for the current year.

A number of research analysts have recently commented on ACN shares. Cowen set a $150.00 price objective on Accenture and gave the company a “buy” rating in a report on Monday, October 23rd. Susquehanna Bancshares reaffirmed a “hold” rating and issued a $145.00 target price on shares of Accenture in a report on Tuesday, December 26th. Pivotal Research set a $180.00 target price on Accenture and gave the company a “buy” rating in a report on Thursday, December 28th. Zacks Investment Research raised Accenture from a “hold” rating to a “buy” rating and set a $165.00 target price on the stock in a report on Tuesday, November 28th. Finally, Bank of America raised their target price on Accenture from $150.00 to $171.00 in a report on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $156.57.

Several hedge funds have recently made changes to their positions in the business. Peapack Gladstone Financial Corp lifted its position in shares of Accenture by 2.9% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 4,014 shares of the information technology services provider’s stock worth $496,000 after acquiring an additional 113 shares during the period. Nicholas Hoffman & Company LLC. lifted its position in shares of Accenture by 0.9% during the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 12,653 shares of the information technology services provider’s stock worth $1,565,000 after buying an additional 117 shares during the period. Arete Wealth Advisors LLC lifted its position in shares of Accenture by 5.2% during the 2nd quarter. Arete Wealth Advisors LLC now owns 2,371 shares of the information technology services provider’s stock worth $293,000 after buying an additional 117 shares during the period. Ropes Wealth Advisors LLC lifted its position in shares of Accenture by 10.1% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 1,555 shares of the information technology services provider’s stock worth $192,000 after buying an additional 143 shares during the period. Finally, Monetary Management Group Inc. lifted its position in shares of Accenture by 10.0% during the 2nd quarter. Monetary Management Group Inc. now owns 1,650 shares of the information technology services provider’s stock worth $204,000 after buying an additional 150 shares during the period. Institutional investors own 75.60% of the company’s stock.

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Accenture Company Profile

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 (NYSE:ACN)

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