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Sen. Shelley Moore Capito Sells Off Shares of Accenture plc (NYSE:ACN)

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Senator Shelley Moore Capito (R-West Virginia) recently sold shares of Accenture plc NYSE: ACN. In a filing disclosed on March 06th, the Senator disclosed that they had sold between $1,001 and $15,000 in Accenture stock on February 24th.

Senator Shelley Moore Capito also recently made the following trade(s):

  • Sold $1,001 - $15,000 in shares of Abbott Laboratories NYSE: ABT on 2/24/2025.
  • Sold $1,001 - $15,000 in shares of Comcast NASDAQ: CMCSA on 2/24/2025.
  • Sold $1,001 - $15,000 in shares of Apple NASDAQ: AAPL on 2/5/2025.
  • Purchased $1,001 - $15,000 in shares of Constellation Energy NASDAQ: CEG on 2/4/2025.
  • Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 2/4/2025.
  • Sold $1,001 - $15,000 in shares of W.W. Grainger NYSE: GWW on 1/17/2025.
  • Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 1/17/2025.
  • Sold $1,001 - $15,000 in shares of BlackRock NYSE: BLK on 1/17/2025.
  • Sold $1,001 - $15,000 in shares of JPMorgan Chase & Co. NYSE: JPM on 1/17/2025.
  • Sold $1,001 - $15,000 in shares of Phillips 66 NYSE: PSX on 1/17/2025.

Accenture Price Performance

Shares of NYSE ACN traded down $0.16 during midday trading on Friday, reaching $341.68. 4,459,862 shares of the company were exchanged, compared to its average volume of 2,708,053. The stock's 50-day moving average price is $365.74 and its 200-day moving average price is $358.46. The stock has a market cap of $213.82 billion, a P/E ratio of 28.66, a PEG ratio of 3.23 and a beta of 1.24. Accenture plc has a one year low of $278.69 and a one year high of $398.35. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17.

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Accenture (NYSE:ACN - Get Free Report) last posted its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, topping analysts' consensus estimates of $3.43 by $0.16. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The firm had revenue of $17.69 billion for the quarter, compared to analysts' expectations of $17.15 billion. During the same quarter in the previous year, the firm posted $3.27 earnings per share. The company's revenue was up 9.0% on a year-over-year basis. On average, sell-side analysts anticipate that Accenture plc will post 12.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ACN. Jefferies Financial Group dropped their target price on shares of Accenture from $385.00 to $355.00 and set a "hold" rating on the stock in a report on Tuesday, January 21st. Robert W. Baird restated a "neutral" rating and issued a $370.00 target price on shares of Accenture in a report on Tuesday, December 3rd. Morgan Stanley boosted their target price on shares of Accenture from $335.00 to $380.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Stifel Nicolaus dropped their target price on shares of Accenture from $390.00 to $380.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Finally, BMO Capital Markets upped their price objective on shares of Accenture from $390.00 to $425.00 and gave the company a "market perform" rating in a report on Friday, December 20th. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $388.96.

View Our Latest Stock Report on Accenture

Institutional Investors Weigh In On Accenture

Institutional investors have recently added to or reduced their stakes in the company. Morse Asset Management Inc bought a new stake in Accenture in the 3rd quarter worth about $25,000. FPC Investment Advisory Inc. grew its position in Accenture by 62.2% in the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider's stock worth $28,000 after purchasing an additional 28 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in Accenture in the 3rd quarter worth about $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in Accenture in the 4th quarter worth about $30,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in Accenture in the 4th quarter worth about $30,000. 75.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Melissa A. Burgum sold 232 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $394.46, for a total transaction of $91,514.72. Following the completion of the transaction, the chief accounting officer now directly owns 8,915 shares of the company's stock, valued at $3,516,610.90. This represents a 2.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Julie Spellman Sweet sold 8,793 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $394.47, for a total transaction of $3,468,574.71. Following the transaction, the chief executive officer now directly owns 11,858 shares of the company's stock, valued at $4,677,625.26. This represents a 42.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,280 shares of company stock valued at $8,316,190. Corporate insiders own 0.02% of the company's stock.

About Senator Capito

Shelley Moore Capito (Republican Party) is a member of the U.S. Senate from West Virginia. She assumed office on January 3, 2015. Her current term ends on January 3, 2027. Capito (Republican Party) ran for re-election to the U.S. Senate to represent West Virginia. She won in the general election on November 3, 2020. Capito was first elected to the Senate in 2014, becoming the first female U.S. Senator in the state's history. Prior to serving in the Senate, Capito was a member of the West Virginia House of Representatives from 1997 to 2001 and a member of the United States House of Representatives from 2001 to 2015. At the start of the 116th Congress, Capito was a member of the U.S. Senate committees on Appropriations, Commerce, Science, and Transportation, Environment and Public Works, and Rules and Administration. As of a 2014 analysis of multiple outside rankings, Capito is a more moderate right of center Republican Party vote. As a result, she may break with the Republican Party line more than her fellow members. Capito earned her bachelor's degree from Duke University. After earning her M.Ed. from the University of Virginia, Capito was a college counselor and then director of an educational information center. She was the only Republican in the West Virginia congressional delegation until the 2010 elections and is the first Republican woman elected to Congress from West Virginia. Capito is a former chairwoman of the Congressional Caucus for Women's Issues, as well as a member of the Congressional Arts Caucus. After an explosion responsible for the death of 29 coal workers, Capito founded the Congressional Coal Caucus. Prior to her election to the U.S. House, Capito served in the West Virginia House of Delegates.

About Accenture

(Get Free Report)

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.

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