Accenture plc (NYSE:ACN) General Counsel Joel Unruch Sells 470 Shares

Accenture plc (NYSE:ACNGet Rating) General Counsel Joel Unruch sold 470 shares of the business’s stock in a transaction on Monday, April 18th. The stock was sold at an average price of $315.06, for a total transaction of $148,078.20. Following the transaction, the general counsel now owns 26,427 shares in the company, valued at $8,326,090.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

ACN traded up $3.39 on Wednesday, hitting $323.96. 59,219 shares of the stock were exchanged, compared to its average volume of 2,740,215. Accenture plc has a 12 month low of $276.88 and a 12 month high of $417.37. The business has a 50-day moving average of $324.11 and a two-hundred day moving average of $349.49. The firm has a market capitalization of $205.36 billion, a price-to-earnings ratio of 32.93, a PEG ratio of 2.96 and a beta of 1.24.

Accenture (NYSE:ACNGet Rating) last posted its quarterly earnings data on Thursday, March 17th. The information technology services provider reported $2.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.37 by $0.17. Accenture had a net margin of 11.28% and a return on equity of 31.16%. The business had revenue of $15.05 billion during the quarter, compared to analysts’ expectations of $14.67 billion. During the same quarter in the prior year, the business posted $2.03 earnings per share. Accenture’s revenue was up 24.5% compared to the same quarter last year. On average, equities analysts expect that Accenture plc will post 10.8 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 13th. Stockholders of record on Thursday, April 14th will be issued a $0.97 dividend. The ex-dividend date is Wednesday, April 13th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.20%. Accenture’s dividend payout ratio (DPR) is currently 39.11%.

Several hedge funds have recently bought and sold shares of the company. TFG Advisers LLC lifted its holdings in shares of Accenture by 9.4% in the first quarter. TFG Advisers LLC now owns 1,777 shares of the information technology services provider’s stock worth $599,000 after acquiring an additional 152 shares during the last quarter. Selective Wealth Management Inc. lifted its holdings in shares of Accenture by 16.3% in the first quarter. Selective Wealth Management Inc. now owns 356 shares of the information technology services provider’s stock worth $120,000 after acquiring an additional 50 shares during the last quarter. HMS Capital Management LLC lifted its holdings in shares of Accenture by 8.8% in the first quarter. HMS Capital Management LLC now owns 2,694 shares of the information technology services provider’s stock worth $908,000 after acquiring an additional 218 shares during the last quarter. Harbor Investment Advisory LLC lifted its holdings in shares of Accenture by 28.5% in the first quarter. Harbor Investment Advisory LLC now owns 3,618 shares of the information technology services provider’s stock worth $1,220,000 after acquiring an additional 803 shares during the last quarter. Finally, Camelot Portfolios LLC lifted its holdings in shares of Accenture by 7.4% in the first quarter. Camelot Portfolios LLC now owns 2,247 shares of the information technology services provider’s stock worth $758,000 after acquiring an additional 154 shares during the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Accenture from a “buy” rating to a “hold” rating and set a $323.00 target price on the stock. in a report on Tuesday, March 15th. Piper Sandler decreased their price objective on shares of Accenture from $433.00 to $368.00 and set a “neutral” rating on the stock in a report on Friday, March 18th. BMO Capital Markets decreased their price objective on shares of Accenture from $460.00 to $385.00 in a report on Friday, March 18th. Royal Bank of Canada upped their price objective on shares of Accenture from $430.00 to $435.00 and gave the company an “outperform” rating in a report on Friday, March 18th. Finally, The Goldman Sachs Group decreased their price objective on shares of Accenture from $446.00 to $386.00 and set a “neutral” rating on the stock in a report on Tuesday, March 15th. Eight equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, Accenture currently has a consensus rating of “Buy” and a consensus price target of $383.35.

Accenture Company Profile (Get Rating)

Accenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operations services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management, intelligent automation comprises robotic process automation, natural language processing, and virtual agents, and liquid application management services, as well as program, project, and service management services; strategy consulting services; critical data elements, data management and governance, data platform and architecture, product-based organization and skills, business adoption, and value realization services; engineering, and research and development digitization; smart connected product design and development; product platform engineering and modernization; product as-a-service enablement; products related to production and operations; autonomous robotics systems; the digital transformation of capital projects; and digital industrial workforce solutions.

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