Accenture plc (NYSE:ACN) General Counsel Joel Unruch Sells 4,750 Shares

Accenture plc (NYSE:ACN) General Counsel Joel Unruch sold 4,750 shares of the firm’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $362.78, for a total value of $1,723,205.00. Following the transaction, the general counsel now owns 20,526 shares in the company, valued at approximately $7,446,422.28. This represents a 18.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Accenture Stock Up 2.9 %

Shares of ACN stock opened at $372.99 on Tuesday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. Accenture plc has a twelve month low of $278.69 and a twelve month high of $387.51. The stock has a 50 day moving average of $357.37 and a 200 day moving average of $348.01. The stock has a market cap of $233.41 billion, a P/E ratio of 31.29, a P/E/G ratio of 3.20 and a beta of 1.24.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.43 by $0.16. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The firm had revenue of $17.69 billion for the quarter, compared to the consensus estimate of $17.15 billion. During the same period in the prior year, the firm posted $3.27 earnings per share. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. As a group, sell-side analysts expect that Accenture plc will post 12.69 EPS for the current year.

Accenture Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be issued a $1.48 dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $5.92 dividend on an annualized basis and a yield of 1.59%. Accenture’s payout ratio is 49.66%.

Analyst Ratings Changes

ACN has been the subject of several recent research reports. Robert W. Baird restated a “neutral” rating and issued a $370.00 price target on shares of Accenture in a report on Tuesday, December 3rd. StockNews.com upgraded Accenture from a “hold” rating to a “buy” rating in a report on Monday, January 13th. UBS Group lifted their price target on Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a report on Friday, December 20th. BMO Capital Markets upped their price objective on Accenture from $390.00 to $425.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Finally, Barclays boosted their target price on shares of Accenture from $350.00 to $415.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $383.74.

Institutional Trading of Accenture

Institutional investors have recently bought and sold shares of the business. Maverick Capital Ltd. increased its holdings in Accenture by 71.2% in the 2nd quarter. Maverick Capital Ltd. now owns 2,083 shares of the information technology services provider’s stock worth $632,000 after acquiring an additional 866 shares in the last quarter. Ascent Group LLC increased its stake in shares of Accenture by 10.6% during the second quarter. Ascent Group LLC now owns 9,461 shares of the information technology services provider’s stock worth $2,871,000 after purchasing an additional 907 shares in the last quarter. Annandale Capital LLC acquired a new position in shares of Accenture during the 2nd quarter worth about $532,000. Creative Planning boosted its holdings in Accenture by 4.7% in the 2nd quarter. Creative Planning now owns 234,731 shares of the information technology services provider’s stock worth $71,220,000 after buying an additional 10,559 shares during the last quarter. Finally, Copperwynd Financial LLC increased its stake in Accenture by 30.9% during the 2nd quarter. Copperwynd Financial LLC now owns 2,511 shares of the information technology services provider’s stock worth $830,000 after buying an additional 593 shares in the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

About Accenture

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.