Accenture plc (NYSE:ACN) CAO Melissa A. Burgum Sells 1,027 Shares

Accenture plc (NYSE:ACNGet Rating) CAO Melissa A. Burgum sold 1,027 shares of Accenture stock in a transaction that occurred on Friday, January 13th. The stock was sold at an average price of $280.99, for a total value of $288,576.73. Following the completion of the sale, the chief accounting officer now owns 11,467 shares in the company, valued at $3,222,112.33. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Accenture Trading Up 1.0 %

Accenture stock opened at $284.88 on Wednesday. The company has a market capitalization of $179.54 billion, a price-to-earnings ratio of 25.87, a price-to-earnings-growth ratio of 2.59 and a beta of 1.23. Accenture plc has a 12 month low of $242.95 and a 12 month high of $360.10. The business’s fifty day simple moving average is $281.13 and its two-hundred day simple moving average is $282.17.

Accenture Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Tuesday, January 10th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Wednesday, January 11th. Accenture’s payout ratio is currently 40.69%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. BMO Capital Markets reduced their target price on Accenture from $337.00 to $315.00 and set a “market perform” rating on the stock in a research note on Wednesday, September 21st. Royal Bank of Canada reduced their target price on Accenture from $357.00 to $335.00 and set an “outperform” rating on the stock in a research note on Friday, September 23rd. Jefferies Financial Group reduced their target price on Accenture from $290.00 to $279.00 in a research note on Monday, December 19th. JPMorgan Chase & Co. boosted their target price on Accenture from $306.00 to $327.00 in a research note on Thursday, December 15th. Finally, Cowen lifted their price target on Accenture from $295.00 to $300.00 in a research report on Monday, December 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $326.78.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ACN. United Bank lifted its holdings in shares of Accenture by 6.3% during the first quarter. United Bank now owns 2,969 shares of the information technology services provider’s stock valued at $1,001,000 after purchasing an additional 176 shares in the last quarter. Weitz Investment Management Inc. increased its position in Accenture by 1.3% during the first quarter. Weitz Investment Management Inc. now owns 89,400 shares of the information technology services provider’s stock valued at $30,148,000 after acquiring an additional 1,168 shares during the last quarter. Fund Management at Engine No. 1 LLC purchased a new stake in Accenture during the first quarter valued at $1,805,000. Guardian Wealth Management Inc. increased its position in Accenture by 0.6% during the first quarter. Guardian Wealth Management Inc. now owns 7,292 shares of the information technology services provider’s stock valued at $2,459,000 after acquiring an additional 41 shares during the last quarter. Finally, Clearbridge Investments LLC increased its position in Accenture by 104.8% during the first quarter. Clearbridge Investments LLC now owns 441,451 shares of the information technology services provider’s stock valued at $148,871,000 after acquiring an additional 225,943 shares during the last quarter. 73.97% of the stock is owned by institutional investors.

Accenture Company Profile

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Accenture plc, a professional services company, provides strategy and consulting, interactive, 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 comprises 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 comprises turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.

Further Reading

Insider Buying and Selling by Quarter for Accenture (NYSE:ACN)

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