Insider Selling: Accenture plc (NYSE:ACN) CFO Sells 1,500 Shares of Stock

Accenture plc (NYSE:ACN) CFO Kathleen R. Mcclure sold 1,500 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $315.00, for a total transaction of $472,500.00. Following the sale, the chief financial officer now owns 38,570 shares in the company, valued at $12,149,550. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Accenture Stock Up 2.3 %

ACN stock traded up $7.24 during mid-day trading on Monday, reaching $317.87. The company had a trading volume of 3,863,005 shares, compared to its average volume of 2,907,120. The stock has a market capitalization of $199.21 billion, a P/E ratio of 29.11, a P/E/G ratio of 3.46 and a beta of 1.23. Accenture plc has a one year low of $278.69 and a one year high of $387.51. The stock’s 50-day simple moving average is $299.35 and its two-hundred day simple moving average is $332.60.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, June 20th. The information technology services provider reported $3.13 earnings per share 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 the consensus estimate of $16.55 billion. During the same quarter in the prior year, the firm earned $3.19 earnings per share. Accenture’s revenue for the quarter was down .6% compared to the same quarter last year. On average, research analysts forecast that Accenture plc will post 11.95 EPS for the current fiscal year.

Accenture Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 11th will be given 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 dividend payout ratio (DPR) is presently 47.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Piper Sandler decreased their price objective on shares of Accenture from $379.00 to $320.00 and set a “neutral” rating on the stock in a research report on Monday, June 17th. StockNews.com downgraded shares of Accenture from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Bank of America reduced their price objective on Accenture from $419.00 to $365.00 and set a “buy” rating on the stock in a research note on Wednesday, June 5th. Morgan Stanley downgraded shares of Accenture from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $382.00 to $300.00 in a research report on Wednesday, June 26th. Finally, The Goldman Sachs Group started coverage on shares of Accenture in a report on Monday, June 24th. They issued a “neutral” rating and a $335.00 price target on the stock. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $351.82.

Institutional Investors Weigh In On Accenture

Several hedge funds and other institutional investors have recently bought and sold shares of the business. D.B. Root & Company LLC bought a new stake in Accenture in the second quarter worth about $228,000. Park National Corp OH increased its stake in Accenture by 19.3% in the 2nd quarter. Park National Corp OH now owns 150,603 shares of the information technology services provider’s stock worth $45,694,000 after purchasing an additional 24,397 shares in the last quarter. RFG Advisory LLC increased its stake in Accenture by 22.3% in the 2nd quarter. RFG Advisory LLC now owns 3,863 shares of the information technology services provider’s stock worth $1,172,000 after purchasing an additional 704 shares in the last quarter. Dnca Finance purchased a new position in Accenture in the 2nd quarter worth about $8,747,000. Finally, Brady Family Wealth LLC increased its stake in Accenture by 3.1% in the 2nd quarter. Brady Family Wealth LLC now owns 24,083 shares of the information technology services provider’s stock worth $7,307,000 after purchasing an additional 735 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors.

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.