Chief Accounting Officer Melissa Burgum of Accenture PLC (ACN, Financial) sold 458 shares on October 17, 2024, according to a recent SEC Filing. Following this transaction, the insider now owns 9,777 shares of the company.
Accenture PLC is a global professional services company, providing a range of services and solutions in strategy, consulting, digital, technology, and operations. The company combines unmatched experience and specialized skills across more than 40 industries — powered by the world’s largest network of Advanced Technology and Intelligent Operations centers.
Over the past year, Melissa Burgum has sold a total of 3,468 shares of the company and has not purchased any shares. This recent sale is part of a broader trend seen within the company, where there have been 38 insider sells and no insider buys over the same timeframe.
Shares of Accenture PLC were trading at $373.25 on the day of the sale. The company has a market cap of approximately $234.38 billion. The price-earnings ratio stands at 32.82, which is above both the industry median of 26.66 and the company's historical median.
According to the GF Value, the intrinsic value of Accenture PLC's stock is estimated at $328.27, suggesting that the stock is Modestly Overvalued with a price-to-GF-Value ratio of 1.14.
This insider sale could be of interest to investors tracking insider behaviors as an indicator of potential stock performance, particularly in the context of the company's valuation and stock trends.
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