Accenture PLC Chief Accounting Officer Sells Company Shares
Chief Accounting Officer Melissa Burgum has sold 3,010 shares of Accenture PLC (NYSE:ACN) on January 26, 2024, according to a recent SEC Filing. Over the past year, the insider has sold a total of 4,354 shares and has not made any purchases of the company's stock.
Accenture PLC is a global professional services company that provides a range of services in strategy, consulting, digital, technology, and operations. The company operates in various industries, offering specialized skills across more than 40 industries and all business functions.
The insider transaction history for Accenture PLC shows a trend of insider selling, with 29 insider sells and no insider buys over the past year.
On the day of the insider's recent sale, shares of Accenture PLC were trading at $371.8, resulting in a market cap of $234.087 billion. The price-earnings ratio of the stock stands at 34.60, which is above both the industry median of 27.02 and the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 1.09, with a GF Value of $342.26, indicating that Accenture PLC is considered Fairly Valued based on its GF Value.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
