Jean-Marc Ollagnier Sells 6,250 Shares of Accenture plc (NYSE:ACN) Stock

Accenture plc (NYSE:ACN) CEO Jean-Marc Ollagnier sold 6,250 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $315.91, for a total value of $1,974,437.50. Following the completion of the transaction, the chief executive officer now directly owns 161,581 shares in the company, valued at approximately $51,045,053.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Jean-Marc Ollagnier also recently made the following trade(s):

• On Friday, January 19th, Jean-Marc Ollagnier sold 6,250 shares of Accenture stock. The shares were sold at an average price of $362.77, for a total value of $2,267,312.50.

Accenture Stock Up 0.5 %

ACN stock opened at $316.00 on Friday. The business has a 50 day moving average price of $356.30 and a two-hundred day moving average price of $341.77. The company has a market cap of $211.95 billion, a price-to-earnings ratio of 28.65, a P/E/G ratio of 2.98 and a beta of 1.19. Accenture plc has a twelve month low of $261.68 and a twelve month high of $387.51.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, March 21st. The information technology services provider reported $2.77 EPS for the quarter, topping the consensus estimate of $2.66 by $0.11. Accenture had a return on equity of 28.30% and a net margin of 10.89%. The company had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $15.85 billion. During the same period in the previous year, the company posted $2.69 EPS. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities research analysts anticipate that Accenture plc will post 12.09 EPS for the current fiscal year.

Accenture Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th will be paid 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%.

Analysts Set New Price Targets

ACN has been the topic of several analyst reports. Redburn Atlantic increased their target price on Accenture from $410.00 to $445.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Citigroup dropped their price target on Accenture from $430.00 to $400.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. StockNews.com lowered Accenture from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd. TD Cowen dropped their price target on Accenture from $363.00 to $350.00 and set a “market perform” rating on the stock in a research report on Friday, March 22nd. Finally, Susquehanna reaffirmed a “neutral” rating and set a $360.00 price target (down previously from $400.00) on shares of Accenture in a research report on Thursday, March 21st. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $387.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ACN. Norges Bank bought a new position in shares of Accenture during the 4th quarter worth approximately $1,850,765,000. Moneta Group Investment Advisors LLC lifted its holdings in Accenture by 101,214.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,040,402 shares of the information technology services provider’s stock worth $1,078,141,000 after purchasing an additional 4,036,414 shares during the last quarter. Morgan Stanley lifted its holdings in Accenture by 14.9% during the 4th quarter. Morgan Stanley now owns 16,642,841 shares of the information technology services provider’s stock worth $4,440,976,000 after purchasing an additional 2,163,582 shares during the last quarter. Legal & General Group Plc lifted its holdings in Accenture by 20.2% during the 4th quarter. Legal & General Group Plc now owns 5,879,123 shares of the information technology services provider’s stock worth $2,063,048,000 after purchasing an additional 989,157 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Accenture by 100.0% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,751,531 shares of the information technology services provider’s stock worth $614,615,000 after purchasing an additional 875,723 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors.

Accenture Company Profile

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.