Accenture Plc (NYSE:ACN) insider Richard P. Clark sold 10,715 shares of Accenture Plc stock in a transaction on Monday, March 27th. The stock was sold at an average price of $119.31, for a total transaction of $1,278,406.65. Following the sale, the insider now directly owns 18,987 shares of the company’s stock, valued at $2,265,338.97. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Accenture Plc (NYSE:ACN) traded up 1.64% on Tuesday, hitting $121.35. 5,516,010 shares of the stock were exchanged. The firm’s 50 day moving average price is $121.82 and its 200 day moving average price is $118.29. Accenture Plc has a one year low of $108.66 and a one year high of $126.53. The firm has a market cap of $75.25 billion, a price-to-earnings ratio of 20.21 and a beta of 1.17.
Accenture Plc (NYSE:ACN) last posted its quarterly earnings results on Thursday, March 23rd. The company reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.03. Accenture Plc had a net margin of 12.34% and a return on equity of 46.99%. The company had revenue of $8.32 billion for the quarter, compared to the consensus estimate of $8.34 billion. During the same period last year, the firm posted $1.34 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities analysts anticipate that Accenture Plc will post $5.87 earnings per share for the current year.
The firm also recently declared a semiannual dividend, which will be paid on Monday, May 15th. Stockholders of record on Thursday, April 13th will be given a $1.21 dividend. This is an increase from Accenture Plc’s previous semiannual dividend of $1.02. This represents a dividend yield of 2.03%. The ex-dividend date is Tuesday, April 11th. Accenture Plc’s dividend payout ratio (DPR) is presently 35.85%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in Accenture Plc during the fourth quarter worth about $649,544,000. The Manufacturers Life Insurance Company acquired a new position in Accenture Plc during the third quarter worth about $287,741,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in Accenture Plc during the fourth quarter worth about $258,021,000. WCM Investment Management CA increased its position in Accenture Plc by 58.9% in the third quarter. WCM Investment Management CA now owns 3,140,505 shares of the company’s stock worth $383,676,000 after buying an additional 1,164,609 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in Accenture Plc during the fourth quarter worth about $133,387,000. Institutional investors own 77.38% of the company’s stock.
Several equities research analysts have recently issued reports on ACN shares. Vetr raised shares of Accenture Plc from a “buy” rating to a “strong-buy” rating and set a $130.68 price objective for the company in a research report on Wednesday, December 28th. Zacks Investment Research raised shares of Accenture Plc from a “sell” rating to a “hold” rating in a research report on Tuesday, March 14th. Wedbush reaffirmed a “top pick” rating and set a $135.00 price objective on shares of Accenture Plc in a research report on Monday, March 20th. William Blair reaffirmed an “outperform” rating on shares of Accenture Plc in a research report on Monday, January 9th. Finally, Barclays PLC decreased their price objective on shares of Accenture Plc from $128.00 to $124.00 and set an “equal weight” rating for the company in a research report on Thursday, December 22nd. Ten investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. Accenture Plc presently has an average rating of “Buy” and a consensus price target of $127.99.
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.