Accenture plc (NYSE:ACN) CFO Sells $1,422,000.00 in Stock

Accenture plc (NYSE:ACN) CFO Kathleen R. Mcclure sold 4,500 shares of the business’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $316.00, for a total value of $1,422,000.00. Following the sale, the chief financial officer now owns 42,781 shares of the company’s stock, valued at approximately $13,518,796. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Accenture Trading Up 0.3 %

NYSE:ACN opened at $316.88 on Friday. The stock has a market cap of $212.54 billion, a price-to-earnings ratio of 28.73, a PEG ratio of 2.98 and a beta of 1.19. The stock has a 50-day moving average price of $355.21 and a two-hundred day moving average price of $341.83. Accenture plc has a 1 year low of $261.68 and a 1 year high of $387.51.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.11. The company had revenue of $15.80 billion during the quarter, compared to analysts’ expectations of $15.85 billion. Accenture had a return on equity of 28.30% and a net margin of 10.89%. Accenture’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.69 earnings per share. Sell-side analysts forecast that Accenture plc will post 12.09 earnings per share for the current year.

Accenture Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th will be given a dividend of $1.29 per share. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $5.16 annualized dividend and a dividend yield of 1.63%. Accenture’s dividend payout ratio is currently 46.78%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Chilton Capital Management LLC boosted its position in Accenture by 180.0% during the fourth quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 45 shares during the last quarter. DiNuzzo Private Wealth Inc. acquired a new position in Accenture during the fourth quarter valued at approximately $27,000. Annapolis Financial Services LLC boosted its position in Accenture by 507.7% during the first quarter. Annapolis Financial Services LLC now owns 79 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 66 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in Accenture during the first quarter valued at approximately $28,000. Finally, Ables Iannone Moore & Associates Inc. acquired a new position in Accenture during the fourth quarter valued at approximately $29,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on ACN. Stifel Nicolaus boosted their target price on Accenture from $363.00 to $395.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Guggenheim began coverage on Accenture in a report on Tuesday, March 19th. They issued a “buy” rating and a $425.00 price objective for the company. TD Cowen dropped their price objective on Accenture from $363.00 to $350.00 and set a “market perform” rating for the company in a report on Friday, March 22nd. Citigroup dropped their price objective on Accenture from $430.00 to $400.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Finally, Morgan Stanley upped their price objective on Accenture from $400.00 to $417.00 and gave the company an “overweight” rating in a report on Monday, March 18th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $387.00.

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.