Accenture plc (NYSE:ACN - Get Free Report) insider Angela Beatty sold 169 shares of Accenture stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $281.90, for a total value of $47,641.10. Following the completion of the transaction, the insider now directly owns 5,364 shares of the company's stock, valued at approximately $1,512,111.60. This represents a 3.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Angela Beatty also recently made the following trade(s):
- On Friday, January 17th, Angela Beatty sold 961 shares of Accenture stock. The shares were sold at an average price of $354.47, for a total transaction of $340,645.67.
Accenture Stock Up 2.0 %
NYSE ACN opened at $289.93 on Tuesday. Accenture plc has a 12 month low of $275.01 and a 12 month high of $398.35. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. The stock has a market cap of $181.59 billion, a PE ratio of 24.32, a P/E/G ratio of 3.23 and a beta of 1.32. The stock's 50 day moving average is $334.44 and its 200 day moving average is $351.59.
Accenture (NYSE:ACN - Get Free Report) last issued its earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, topping analysts' consensus estimates of $2.81 by $0.01. The firm had revenue of $16.70 billion during the quarter, compared to analyst estimates of $16.64 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. Accenture's revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.77 earnings per share. Research analysts predict that Accenture plc will post 12.73 EPS for the current fiscal year.
Accenture Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 10th will be given a $1.48 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 2.04%. Accenture's dividend payout ratio is currently 48.89%.
Wall Street Analysts Forecast Growth
Several research firms recently commented on ACN. Wolfe Research raised Accenture from a "peer perform" rating to an "outperform" rating and set a $425.00 price objective on the stock in a research report on Wednesday, January 8th. Baird R W raised shares of Accenture from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. BMO Capital Markets raised their target price on shares of Accenture to $355.00 and gave the stock a "hold" rating in a report on Wednesday, March 26th. Robert W. Baird upgraded shares of Accenture from a "neutral" rating to an "outperform" rating and set a $390.00 target price for the company in a research note on Monday, March 17th. Finally, UBS Group dropped their price target on Accenture from $455.00 to $387.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Eight analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $378.23.
Get Our Latest Analysis on Accenture
Hedge Funds Weigh In On Accenture
Several institutional investors have recently added to or reduced their stakes in ACN. Morse Asset Management Inc purchased a new position in shares of Accenture in the 3rd quarter worth $25,000. SkyView Investment Advisors LLC grew its position in Accenture by 1.9% in the third quarter. SkyView Investment Advisors LLC now owns 1,796 shares of the information technology services provider's stock worth $635,000 after acquiring an additional 33 shares in the last quarter. Anchor Investment Management LLC increased its stake in Accenture by 8.4% during the third quarter. Anchor Investment Management LLC now owns 6,135 shares of the information technology services provider's stock worth $2,169,000 after acquiring an additional 474 shares during the last quarter. Arvest Bank Trust Division purchased a new stake in Accenture during the third quarter valued at approximately $18,115,000. Finally, Wilmington Savings Fund Society FSB boosted its holdings in shares of Accenture by 2.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 41,175 shares of the information technology services provider's stock worth $14,555,000 after purchasing an additional 1,015 shares during the period. Hedge funds and other institutional investors own 75.14% of the company's stock.
Accenture Company Profile
(
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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