Accenture plc (NYSE:ACN) CFO Kathleen R. Mcclure Sells 3,000 Shares

Accenture plc (NYSE:ACN) CFO Kathleen R. Mcclure sold 3,000 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $309.22, for a total value of $927,660.00. Following the sale, the chief financial officer now directly owns 40,070 shares of the company’s stock, valued at $12,390,445.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Accenture Stock Up 2.3 %

NYSE ACN traded up $7.24 during mid-day trading on Monday, hitting $317.87. The stock had a trading volume of 3,863,005 shares, compared to its average volume of 2,907,120. The company has a 50 day simple moving average of $299.12 and a 200 day simple moving average of $332.84. The company has a market cap of $199.21 billion, a price-to-earnings ratio of 29.13, a P/E/G ratio of 3.46 and a beta of 1.23. Accenture plc has a 52-week low of $278.69 and a 52-week high of $387.51.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, June 20th. The information technology services provider reported $3.13 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). Accenture had a net margin of 10.79% and a return on equity of 27.48%. The company had revenue of $16.47 billion for the quarter, compared to analyst estimates of $16.55 billion. During the same period in the previous year, the business earned $3.19 EPS. The firm’s revenue was down .6% on a year-over-year basis. As a group, equities analysts anticipate that Accenture plc will post 11.95 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 11th will be paid a $1.29 dividend. This represents a $5.16 annualized dividend and a yield of 1.62%. The ex-dividend date is Thursday, July 11th. Accenture’s payout ratio is 47.25%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ACN. Central Bank & Trust Co. increased its stake in shares of Accenture by 123.8% during the 4th quarter. Central Bank & Trust Co. now owns 2,762 shares of the information technology services provider’s stock valued at $969,000 after acquiring an additional 1,528 shares during the last quarter. Wedmont Private Capital increased its stake in shares of Accenture by 7.7% during the 4th quarter. Wedmont Private Capital now owns 4,114 shares of the information technology services provider’s stock valued at $1,400,000 after acquiring an additional 293 shares during the last quarter. Beese Fulmer Investment Management Inc. acquired a new position in shares of Accenture during the 4th quarter valued at about $217,000. Farmers Trust Co. acquired a new position in shares of Accenture during the 4th quarter valued at about $202,000. Finally, Elevated Capital Advisors LLC increased its stake in shares of Accenture by 7.7% during the 4th quarter. Elevated Capital Advisors LLC now owns 2,174 shares of the information technology services provider’s stock valued at $763,000 after acquiring an additional 156 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Robert W. Baird decreased their price objective on Accenture from $372.00 to $345.00 and set a “neutral” rating for the company in a research report on Thursday, May 16th. Royal Bank of Canada increased their price objective on Accenture from $374.00 to $381.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Citigroup decreased their price objective on Accenture from $430.00 to $400.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Stifel Nicolaus reduced their price target on Accenture from $395.00 to $340.00 and set a “buy” rating for the company in a report on Wednesday, June 12th. Finally, Wedbush reduced their price target on Accenture from $400.00 to $350.00 and set an “outperform” rating for the company in a report on Wednesday, June 12th. Twelve analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Accenture presently has a consensus rating of “Hold” and a consensus target price of $351.82.

Accenture Company Profile

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.