Accenture plc (NYSE:ACN) CEO Julie Spellman Sweet Sells 8,136 Shares

Accenture plc (NYSE:ACNGet Free Report) CEO Julie Spellman Sweet sold 8,136 shares of Accenture stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $362.07, for a total transaction of $2,945,801.52. Following the completion of the transaction, the chief executive officer now directly owns 12,188 shares in the company, valued at $4,412,909.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Julie Spellman Sweet also recently made the following trade(s):

  • On Monday, October 21st, Julie Spellman Sweet sold 9,000 shares of Accenture stock. The stock was sold at an average price of $376.16, for a total transaction of $3,385,440.00.

Accenture Stock Performance

Shares of Accenture stock traded up $1.72 during midday trading on Tuesday, reaching $363.04. 2,642,697 shares of the company’s stock traded hands, compared to its average volume of 2,722,000. Accenture plc has a 52 week low of $278.69 and a 52 week high of $387.51. The company’s 50 day simple moving average is $350.88 and its 200 day simple moving average is $323.18. The company has a market cap of $227.51 billion, a price-to-earnings ratio of 33.09, a price-to-earnings-growth ratio of 3.47 and a beta of 1.25.

Accenture (NYSE:ACNGet Free Report) last posted its earnings results on Thursday, September 26th. The information technology services provider reported $2.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.01. Accenture had a net margin of 11.20% and a return on equity of 26.83%. The business had revenue of $16.41 billion for the quarter, compared to analyst estimates of $16.37 billion. During the same period last year, the business posted $2.71 EPS. Accenture’s revenue was up 2.6% compared to the same quarter last year. As a group, equities research analysts predict that Accenture plc will post 12.79 earnings per share for the current year.

Accenture Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 10th will be given a $1.48 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.63%. This is an increase from Accenture’s previous quarterly dividend of $1.29. Accenture’s dividend payout ratio (DPR) is currently 54.21%.

Accenture declared that its Board of Directors has approved a share repurchase plan on Thursday, September 26th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the information technology services provider to purchase up to 1.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Masso Torrence Wealth Management Inc. boosted its position in shares of Accenture by 2.0% during the 3rd quarter. Masso Torrence Wealth Management Inc. now owns 1,447 shares of the information technology services provider’s stock valued at $511,000 after acquiring an additional 28 shares in the last quarter. Slow Capital Inc. boosted its holdings in Accenture by 0.3% during the third quarter. Slow Capital Inc. now owns 9,067 shares of the information technology services provider’s stock valued at $3,205,000 after purchasing an additional 29 shares in the last quarter. NBC Securities Inc. grew its stake in shares of Accenture by 0.6% in the 3rd quarter. NBC Securities Inc. now owns 5,206 shares of the information technology services provider’s stock valued at $1,840,000 after purchasing an additional 30 shares during the period. Conscious Wealth Investments LLC raised its holdings in shares of Accenture by 0.4% in the 3rd quarter. Conscious Wealth Investments LLC now owns 7,744 shares of the information technology services provider’s stock worth $2,870,000 after buying an additional 31 shares in the last quarter. Finally, Tsfg LLC lifted its position in shares of Accenture by 31.1% during the 2nd quarter. Tsfg LLC now owns 135 shares of the information technology services provider’s stock worth $41,000 after buying an additional 32 shares during the period. 75.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ACN has been the topic of a number of recent research reports. BMO Capital Markets lifted their target price on Accenture from $380.00 to $390.00 and gave the stock a “market perform” rating in a report on Friday, September 27th. TD Cowen upgraded Accenture from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $321.00 to $400.00 in a report on Monday, September 30th. Guggenheim raised their target price on shares of Accenture from $380.00 to $395.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Bank of America boosted their target price on shares of Accenture from $365.00 to $388.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Royal Bank of Canada raised their target price on Accenture from $377.00 to $389.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. Nine analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $371.18.

Get Our Latest Research Report on ACN

About Accenture

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Accenture (NYSE:ACN)

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