Accenture Plc (ACN) Files Form 4 Insider Selling : Richard Lumb Sells 2,500 Shares

Accenture Plc (ACN): Richard Lumb , Group Chief Executive-Fin Serv of Accenture Plc sold 2,500 shares on May 11, 2016. The Insider selling transaction was reported by the company on May 13, 2016 to the Securities and Exchange Commission. The shares were sold at $116.45 per share for a total value of $291,131.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 25, 2016, Richard Lumb (Group Chief Executive-Fin Serv) sold 2,500 shares at $114.58 per share price.On Apr 11, 2016, Marjorie Magner (director) sold 3,000 shares at $112.49 per share price.Also, On Apr 7, 2016, Daniel T London (Grp Chief Exec-Health & PS) sold 5,363 shares at $114.46 per share price.On Mar 30, 2016, Ellyn Shook (Chief Human Resources Officer) sold 3,200 shares at $114.33 per share price.

Accenture Plc: On Tuesday, May 10, 2016 heightened volatility was witnessed in Accenture Plc which led to swings in the share price. The shares opened for trading at $115.59 and hit $116.95 on the upside , eventually ending the session at $116.94, with a gain of 1.27% or 1.47 points. The heightened volatility saw the trading volume jump to 16,22,165 shares. The 52-week high of the share price is $116.95 and the company has a market cap of $75,615 M . The 52-week low of the share price is at $88.43.

Accenture Plc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Accenture Plc is Reiterated by UBS to Neutral and the brokerage firm has raised the Price Target to $ 115 from a previous price target of $109 .The Rating was issued on Mar 28, 2016.Accenture Plc is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 116 from a previous price target of $113 .The Rating was issued on Mar 21, 2016.

Accenture plc is engaged in providing management consulting technology and outsourcing services. The Company’s business is structured around five operating groups which together consists of 19 industry groups serving clients in industries globally. The Company’s segment includes Communications Media & Technology Financial Services Health & Public Service Products and Resources. The Communications Media & Technology segment serves the communications electronics technology media and entertainment industries. The Financial Services segment serves the banking capital markets and insurance industries. The Health & Public Service segment serves healthcare payers and providers government departments public service organizations educational institutions and non-profit organizations. The Products segment serves consumer-relevant industries. The Resources segment serves the chemicals energy forest products metals and mining utilities and related industries.

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