Accenture plc (NYSE:ACN - Get Free Report) CFO Kathleen R. Mcclure sold 4,500 shares of the stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $316.00, for a total transaction of $1,422,000.00. Following the sale, the chief financial officer now directly owns 42,781 shares of the company's stock, valued at $13,518,796. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Accenture Stock Up 0.3 %
Shares of ACN opened at $314.73 on Thursday. The company's fifty day moving average is $357.35 and its 200-day moving average is $341.95. Accenture plc has a 12 month low of $261.68 and a 12 month high of $387.51. The firm has a market cap of $211.10 billion, a price-to-earnings ratio of 28.53, a price-to-earnings-growth ratio of 2.97 and a beta of 1.19.
Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings results on Thursday, March 21st. The information technology services provider reported $2.77 EPS for the quarter, topping the consensus estimate of $2.66 by $0.11. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The company had revenue of $15.80 billion for the quarter, compared to analyst estimates of $15.85 billion. During the same quarter in the prior year, the business posted $2.69 EPS. Accenture's quarterly revenue was down .1% on a year-over-year basis. As a group, research analysts predict that Accenture plc will post 12.09 earnings per share for the current fiscal year.
Accenture Dividend Announcement
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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th will be paid a dividend of $1.29 per share. The ex-dividend date is Wednesday, April 10th. This represents a $5.16 annualized dividend and a dividend yield of 1.64%. Accenture's dividend payout ratio (DPR) is 46.78%.
Analyst Upgrades and Downgrades
Several research firms recently commented on ACN. Royal Bank of Canada increased their target price on shares of Accenture from $374.00 to $381.00 and gave the company an "outperform" rating in a research note on Friday, March 22nd. BMO Capital Markets cut their target price on shares of Accenture from $385.00 to $375.00 and set a "market perform" rating for the company in a research note on Friday, March 22nd. Robert W. Baird increased their target price on shares of Accenture from $364.00 to $375.00 and gave the company a "neutral" rating in a research note on Thursday, March 7th. Guggenheim started coverage on shares of Accenture in a research note on Tuesday, March 19th. They set a "buy" rating and a $425.00 target price for the company. Finally, Piper Sandler boosted their price target on shares of Accenture from $335.00 to $394.00 and gave the company a "neutral" rating in a report on Monday, March 18th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $387.00.
Get Our Latest Stock Analysis on ACN
Institutional Trading of Accenture
Large investors have recently modified their holdings of the company. Chilton Capital Management LLC boosted its holdings in shares of Accenture by 180.0% during the 4th quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider's stock worth $25,000 after buying an additional 45 shares during the period. DiNuzzo Private Wealth Inc. bought a new stake in shares of Accenture during the 4th quarter worth $27,000. Annapolis Financial Services LLC boosted its holdings in shares of Accenture by 507.7% during the 1st quarter. Annapolis Financial Services LLC now owns 79 shares of the information technology services provider's stock worth $27,000 after buying an additional 66 shares during the period. Strategic Investment Solutions Inc. IL bought a new stake in shares of Accenture during the 1st quarter worth $28,000. Finally, Ables Iannone Moore & Associates Inc. bought a new stake in shares of Accenture during the 4th quarter worth $29,000. 75.14% of the stock is owned by institutional investors.
About Accenture
(
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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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