Key Points
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Accenture PLC (NYSE:ACN - Get Free Report) General Counsel Joel Unruch sold 1,332 shares of the firm's stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $275.00, for a total transaction of $366,300.00. Following the completion of the transaction, the general counsel directly owned 28,207 shares in the company, valued at approximately $7,756,925. This represents a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Accenture Stock Up 4.3%
Shares of NYSE ACN opened at $275.31 on Wednesday. The stock has a market cap of $169.48 billion, a PE ratio of 22.75, a P/E/G ratio of 2.55 and a beta of 1.25. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16. Accenture PLC has a 12-month low of $229.40 and a 12-month high of $398.35. The company has a 50-day moving average of $258.52 and a 200 day moving average of $259.72.
Accenture (NYSE:ACN - Get Free Report) last issued its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.21. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The business had revenue of $18.74 billion for the quarter, compared to analysts' expectations of $18.51 billion. During the same period in the previous year, the firm posted $3.59 EPS. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. As a group, sell-side analysts predict that Accenture PLC will post 12.73 EPS for the current fiscal year.
Accenture Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Tuesday, January 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.4%. Accenture's dividend payout ratio (DPR) is 53.88%.
Hedge Funds Weigh In On Accenture
A number of hedge funds have recently made changes to their positions in ACN. Global Retirement Partners LLC acquired a new stake in Accenture in the 2nd quarter valued at about $2,658,000. C WorldWide Group Holding A S increased its stake in shares of Accenture by 35.9% during the second quarter. C WorldWide Group Holding A S now owns 8,148 shares of the information technology services provider's stock worth $2,435,000 after buying an additional 2,151 shares during the period. Truist Financial Corp raised its holdings in Accenture by 7.0% in the second quarter. Truist Financial Corp now owns 436,202 shares of the information technology services provider's stock valued at $130,376,000 after acquiring an additional 28,685 shares in the last quarter. Norges Bank purchased a new position in Accenture in the second quarter worth approximately $2,216,850,000. Finally, Redwood Investments LLC grew its holdings in Accenture by 6.2% during the 1st quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider's stock worth $6,892,000 after acquiring an additional 1,287 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company's stock.
More Accenture News
Here are the key news stories impacting Accenture this week:
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the stock. Truist Financial began coverage on shares of Accenture in a report on Tuesday. They issued a "buy" rating and a $317.00 price objective for the company. Wall Street Zen lowered shares of Accenture from a "buy" rating to a "hold" rating in a report on Saturday, October 11th. Royal Bank Of Canada set a $300.00 price target on shares of Accenture in a research note on Thursday, December 18th. Argus reduced their price target on shares of Accenture from $370.00 to $335.00 and set a "buy" rating on the stock in a research report on Monday, December 29th. Finally, BMO Capital Markets reiterated a "market perform" rating and issued a $300.00 price objective on shares of Accenture in a research report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Accenture presently has a consensus rating of "Moderate Buy" and an average target price of $295.84.
Check Out Our Latest Analysis on ACN
Accenture Company Profile
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Get Free Report)
Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.
The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.
Further Reading
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