Angela Beatty, Chief Leadership & HR Officer at Accenture plc (NYSE:ACN), has recently sold a portion of her holdings in the company. According to a filing submitted to the Securities and Exchange Commission, Beatty sold a total of 375 Class A ordinary shares on December 23, 2024. The shares were sold at prices ranging from $356.7917 to $361.5182, amounting to a total transaction value of approximately $134,438.
Following these transactions, Beatty retains ownership of 5,149 shares in Accenture. According to InvestingPro analysis, the stock currently trades near its Fair Value, with 12 additional exclusive insights available to subscribers. The sales were executed as part of a pre-arranged trading plan under Rule 10b5-1, which allows insiders to set up a predetermined plan to sell shares at a later date, helping to avoid potential claims of insider trading.
In other recent news, Accenture's impressive Q1 performance has prompted several financial firms to raise their target prices for the company. Mizuho (NYSE:MFG) Securities increased its target to $428, while BMO (TSX:BMO) Capital raised its target to $425. Deutsche Bank (ETR:DBKGn), Baird Financial Services, and Stifel Financial (NYSE:SF) Services also adjusted their targets to $365, $390, and $390 respectively. These adjustments reflect Accenture's strong start to the year and potential for future growth.
The company's Q1 performance exceeded growth projections, leading to an increase in the FY25 growth guide to 4-7% in constant currency. This performance is attributed to Accenture's strategic focus on securing larger transformative deals. The company also reported $1.2 billion in bookings and approximately $500 million in revenue in Generation AI.
Analysts from these firms maintain a generally positive outlook on Accenture's stock, with the consensus leaning towards a bullish stance. However, they also note that the company's market position relative to its peers remains unchanged. These are some of the recent developments regarding Accenture.
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