Accenture CEO and Counsel Sold $506K Stock in January
Accenture CEO Mauro Macchi sold 500 shares at $280 on January 14 for $140,000, cutting his stake by 6.56% to 7,123 shares. General Counsel Joel Unruch sold 1,332 shares at $275 on January 6 for $366,300, trimming his stake by 4.51% to 28,207 shares.
1. CEO Executes $140,000 Stock Sale
On January 14, Accenture PLC Chief Executive Officer Mauro Macchi sold 500 shares of company stock in a transaction disclosed in an SEC filing. The shares were disposed of at an average price of $280 each, generating proceeds of $140,000. This followed a similar sale of 500 shares on January 7, also at $280 per share. The filings are available through the Securities and Exchange Commission’s online system.
2. Ownership Position Declines by 6.56%
Following the January 14 sale, Mr. Macchi’s remaining stake stands at 7,123 shares, valued at approximately $1,994,440. This represents a 6.56% reduction in his personal holdings over the last week. Insider ownership now accounts for just 0.02% of total shares outstanding, underscoring the relatively modest size of executive stakes at the firm.
3. Recent Financial and Operational Highlights
In its latest quarterly report, Accenture delivered revenue of $18.74 billion, up 5.7% year-over-year, and non-GAAP earnings per share of $3.94, beating consensus estimates by $0.21. The firm reported a net margin of 10.76% and return on equity of 26.65%. It declared a quarterly dividend of $1.63 per share, payable February 13 to holders of record as of January 13, reflecting a 53.9% payout ratio and a current annualized yield of 2.3%.