Shares of Accenture plc (NYSE:ACN – Get Rating) hit a new 52-week low during trading on Wednesday after Morgan Stanley lowered their price target on the stock from $340.00 to $325.00. Morgan Stanley currently has an overweight rating on the stock. Accenture traded as low as $242.80 and last traded at $244.55, with a volume of 2793627 shares traded. The stock had previously closed at $252.48.
A number of other equities analysts also recently commented on the stock. StockNews.com upgraded shares of Accenture from a “hold” rating to a “buy” rating in a research note on Thursday, March 2nd. Jefferies Financial Group reduced their price target on shares of Accenture from $290.00 to $279.00 in a research report on Monday, December 19th. Wedbush reissued an “outperform” rating and issued a $300.00 price target on shares of Accenture in a research report on Monday. Piper Sandler cut shares of Accenture from a “neutral” rating to an “underweight” rating and set a $268.00 price target for the company. in a research report on Monday, December 12th. Finally, Wells Fargo & Company began coverage on shares of Accenture in a research report on Monday, January 30th. They issued an “equal weight” rating and a $289.00 price target for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $319.47.
Insider Transactions at Accenture
In other news, insider James O. Etheredge sold 1,790 shares of the business’s stock in a transaction dated Tuesday, December 20th. The shares were sold at an average price of $259.75, for a total transaction of $464,952.50. Following the transaction, the insider now directly owns 17,127 shares in the company, valued at $4,448,738.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Accenture news, Director Paula A. Price sold 750 shares of the company’s stock in a transaction dated Tuesday, December 20th. The shares were sold at an average price of $258.77, for a total transaction of $194,077.50. Following the transaction, the director now directly owns 6,697 shares in the company, valued at $1,732,982.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James O. Etheredge sold 1,790 shares of the company’s stock in a transaction dated Tuesday, December 20th. The stock was sold at an average price of $259.75, for a total transaction of $464,952.50. Following the transaction, the insider now owns 17,127 shares in the company, valued at $4,448,738.25. The disclosure for this sale can be found here. Insiders have sold a total of 39,015 shares of company stock worth $10,884,179 over the last ninety days. 0.08% of the stock is currently owned by company insiders.
Institutional Trading of Accenture
Accenture Stock Down 2.5 %
The firm has a market cap of $155.15 billion, a PE ratio of 22.36, a P/E/G ratio of 2.33 and a beta of 1.25. The firm’s 50 day moving average is $274.28 and its 200-day moving average is $275.63.
Accenture (NYSE:ACN – Get Rating) last announced its quarterly earnings data on Friday, December 16th. The information technology services provider reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.91 by $0.17. The business had revenue of $15.75 billion for the quarter, compared to the consensus estimate of $15.58 billion. Accenture had a net margin of 11.31% and a return on equity of 31.49%. On average, analysts forecast that Accenture plc will post 11.45 earnings per share for the current year.
Accenture Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 15th. Investors of record on Tuesday, January 10th were paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Wednesday, January 11th. Accenture’s payout ratio is 40.69%.
Accenture Plc engages in the provision of management consulting, technology, and outsourcing services. It operates through the following geographical segments: North America, Europe and Growth Markets. The company was founded in 1989 and is headquartered in Dublin, Ireland.
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