Accenture plc (NYSE:ACN) General Counsel Sells $1,369,747.96 in Stock

Accenture plc (NYSE:ACN) General Counsel Joel Unruch sold 4,333 shares of the firm’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $316.12, for a total value of $1,369,747.96. Following the completion of the transaction, the general counsel now directly owns 30,702 shares in the company, valued at $9,705,516.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Joel Unruch also recently made the following trade(s):

• On Friday, January 26th, Joel Unruch sold 4,333 shares of Accenture stock. The stock was sold at an average price of $371.83, for a total transaction of $1,611,139.39.

Accenture Trading Down 0.2 %

Shares of NYSE:ACN opened at $316.80 on Wednesday. The company has a 50-day moving average price of $353.29 and a 200 day moving average price of $342.40. Accenture plc has a 12 month low of $261.68 and a 12 month high of $387.51. The company has a market cap of $212.49 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 3.00 and a beta of 1.19.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.11. The firm had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $15.85 billion. Accenture had a return on equity of 28.30% and a net margin of 10.89%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $2.69 earnings per share. As a group, equities analysts forecast that Accenture plc will post 12.09 EPS for the current year.

Accenture Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th will be paid a $1.29 dividend. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $5.16 dividend on an annualized basis and a yield of 1.63%. Accenture’s dividend payout ratio is currently 46.78%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC raised its stake in Accenture by 3.2% in the third quarter. International Assets Investment Management LLC now owns 1,690 shares of the information technology services provider’s stock worth $531,000 after buying an additional 52 shares in the last quarter. RFG Advisory LLC grew its stake in Accenture by 3.1% in the third quarter. RFG Advisory LLC now owns 3,278 shares of the information technology services provider’s stock valued at $1,007,000 after purchasing an additional 100 shares during the last quarter. Rothschild Investment LLC IL lifted its position in shares of Accenture by 26.1% during the third quarter. Rothschild Investment LLC IL now owns 986 shares of the information technology services provider’s stock valued at $303,000 after buying an additional 204 shares during the last quarter. McBroom & Associates LLC boosted its holdings in shares of Accenture by 5.8% in the 3rd quarter. McBroom & Associates LLC now owns 17,671 shares of the information technology services provider’s stock valued at $5,427,000 after buying an additional 973 shares in the last quarter. Finally, Ziegler Capital Management LLC raised its stake in shares of Accenture by 42.3% during the 3rd quarter. Ziegler Capital Management LLC now owns 41,383 shares of the information technology services provider’s stock worth $12,709,000 after acquiring an additional 12,302 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Susquehanna reiterated a “neutral” rating and issued a $360.00 price target (down from $400.00) on shares of Accenture in a research report on Thursday, March 21st. UBS Group raised their target price on Accenture from $365.00 to $400.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. BNP Paribas raised Accenture from a “neutral” rating to an “outperform” rating and set a $440.00 price target for the company in a report on Wednesday, January 17th. Citigroup lowered their price objective on Accenture from $430.00 to $400.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Finally, Bank of America upped their price target on shares of Accenture from $379.00 to $419.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $387.00.

About Accenture

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.