Wednesday, November 01, 2017 10:15 PM ET
Insider Selling in Accenture (ACN) Shares Continues
There was a substantial sale of shares of Accenture by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Gianfranco Casati, Officer — disposed of 20,380 shares in the company having a market value of approximately $2,908,554. There have been 12 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 90,368 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 110,748 shares and have averaged 8,519 shares per transaction over this time period.
The number of insider buy/sell trades at Accenture is higher than that of the 156 peer company average over the last 90-day period. The IT Services & Consulting peer group saw 254 buy/sell trades during this period for an average of 1.6 transactions per company. However, the number of shares traded per transaction by Accenture insiders is lower than its peers. Within the peer group there were 1,800,751 shares purchased and 15,028,761 shares sold with company insiders disposing of 52,079 shares on average over this time period.
The data obtained in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
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