Accenture plc (NYSE:ACN) General Counsel Joel Unruch Sells 4,333 Shares

Accenture plc (NYSE:ACN) General Counsel Joel Unruch sold 4,333 shares of the company’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $316.12, for a total transaction of $1,369,747.96. Following the completion of the sale, the general counsel now owns 30,702 shares of the company’s stock, valued at $9,705,516.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Joel Unruch also recently made the following trade(s):

• On Friday, January 26th, Joel Unruch sold 4,333 shares of Accenture stock. The stock was sold at an average price of $371.83, for a total value of $1,611,139.39.

Accenture Stock Performance

NYSE:ACN opened at $317.59 on Tuesday. The company has a market capitalization of $213.02 billion, a price-to-earnings ratio of 28.79, a PEG ratio of 3.00 and a beta of 1.19. The company has a 50-day moving average of $354.21 and a 200-day moving average of $342.37. Accenture plc has a 52 week low of $261.68 and a 52 week high of $387.51.

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

Accenture Dividend Announcement

The company 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 $1.29 dividend. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $5.16 annualized dividend and a dividend yield of 1.62%. Accenture’s dividend payout ratio is presently 46.78%.

Institutional Investors Weigh In On Accenture

Hedge funds have recently made changes to their positions in the company. Chilton Capital Management LLC increased its holdings in shares of Accenture by 180.0% during the fourth quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock worth $25,000 after buying an additional 45 shares in the last quarter. DiNuzzo Private Wealth Inc. acquired a new stake in Accenture during the 4th quarter valued at $27,000. Annapolis Financial Services LLC raised its position in Accenture by 507.7% in the 1st 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. Ables Iannone Moore & Associates Inc. acquired a new position in Accenture in the fourth quarter worth $29,000. Finally, Atwood & Palmer Inc. grew its holdings in shares of Accenture by 214.8% during the first quarter. Atwood & Palmer Inc. now owns 85 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 58 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ACN shares. Redburn Atlantic boosted their target price on Accenture from $410.00 to $445.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Piper Sandler upped their price objective on shares of Accenture from $335.00 to $394.00 and gave the stock a “neutral” rating in a report on Monday, March 18th. Guggenheim assumed coverage on shares of Accenture in a report on Tuesday, March 19th. They issued a “buy” rating and a $425.00 target price on the stock. Robert W. Baird upped their price target on shares of Accenture from $364.00 to $375.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. Finally, Royal Bank of Canada lifted their price objective on Accenture from $374.00 to $381.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Accenture has an average rating of “Moderate Buy” and an average target price of $387.00.

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.