Accenture Plc (NYSE:ACN) General Counsel Sells $149,996.40 in Stock

Accenture Plc (NYSE:ACN) General Counsel Joel Unruch sold 717 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $209.20, for a total transaction of $149,996.40. Following the sale, the general counsel now owns 25,165 shares of the company’s stock, valued at $5,264,518. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

ACN opened at $208.57 on Friday. The firm has a market cap of $132.58 billion, a P/E ratio of 27.85, a PEG ratio of 2.61 and a beta of 1.05. Accenture Plc has a 1-year low of $150.20 and a 1-year high of $213.25. The company has a 50 day simple moving average of $208.02 and a two-hundred day simple moving average of $196.44. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.39 and a quick ratio of 1.39.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, December 19th. The information technology services provider reported $2.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.10. Accenture had a net margin of 11.06% and a return on equity of 33.35%. The firm had revenue of $11.36 billion during the quarter, compared to analyst estimates of $11.15 billion. During the same quarter in the prior year, the business earned $1.96 earnings per share. Accenture’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities analysts anticipate that Accenture Plc will post 7.82 earnings per share for the current year.

The business also recently announced a semi-annual dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a dividend yield of 1.5%. Accenture’s dividend payout ratio is 43.48%.

Several large investors have recently modified their holdings of ACN. Balyasny Asset Management LLC boosted its position in shares of Accenture by 124.1% during the second quarter. Balyasny Asset Management LLC now owns 14,735 shares of the information technology services provider’s stock worth $2,723,000 after acquiring an additional 8,161 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Accenture by 40.7% during the second quarter. Victory Capital Management Inc. now owns 47,812 shares of the information technology services provider’s stock worth $8,834,000 after acquiring an additional 13,819 shares during the last quarter. Peapack Gladstone Financial Corp boosted its position in shares of Accenture by 22.8% during the second quarter. Peapack Gladstone Financial Corp now owns 6,756 shares of the information technology services provider’s stock worth $1,248,000 after acquiring an additional 1,255 shares during the last quarter. Advisors Capital Management LLC boosted its position in shares of Accenture by 6.4% during the second quarter. Advisors Capital Management LLC now owns 4,868 shares of the information technology services provider’s stock worth $899,000 after acquiring an additional 293 shares during the last quarter. Finally, Bamco Inc. NY boosted its position in shares of Accenture by 21.1% during the second quarter. Bamco Inc. NY now owns 946 shares of the information technology services provider’s stock worth $175,000 after acquiring an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 73.65% of the company’s stock.

Several brokerages recently issued reports on ACN. Berenberg Bank began coverage on shares of Accenture in a research report on Tuesday. They set a “buy” rating and a $240.00 target price for the company. Cowen boosted their target price on shares of Accenture from $215.00 to $220.00 and gave the company an “outperform” rating in a research report on Monday, December 23rd. ValuEngine lowered shares of Accenture from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. BMO Capital Markets restated a “market perform” rating and set a $220.00 target price on shares of Accenture in a research report on Friday, December 20th. Finally, Cantor Fitzgerald set a $215.00 price target on shares of Accenture and gave the stock a “buy” rating in a research report on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the stock. Accenture presently has an average rating of “Buy” and an average price target of $214.82.

Accenture Company Profile

Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.

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