Accenture (NYSE:ACN) Reaches New 52-Week Low at $285.55

Accenture plc (NYSE:ACNGet Free Report) reached a new 52-week low on Thursday . The company traded as low as $285.55 and last traded at $286.50, with a volume of 911010 shares traded. The stock had previously closed at $293.77.

Wall Street Analyst Weigh In

ACN has been the topic of a number of research reports. BMO Capital Markets dropped their price target on shares of Accenture from $385.00 to $375.00 and set a “market perform” rating on the stock in a research note on Friday, March 22nd. Robert W. Baird lowered their target price on shares of Accenture from $372.00 to $345.00 and set a “neutral” rating on the stock in a research report on Thursday, May 16th. Citigroup lowered their target price on shares of Accenture from $430.00 to $400.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Morgan Stanley increased their target price on shares of Accenture from $400.00 to $417.00 and gave the stock an “overweight” rating in a research report on Monday, March 18th. Finally, Susquehanna reissued a “neutral” rating and set a $360.00 target price (down from $400.00) on shares of Accenture in a research report on Thursday, March 21st. Nine investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $380.24.

View Our Latest Stock Analysis on ACN

Accenture Price Performance

The company’s 50 day moving average is $314.24 and its two-hundred day moving average is $341.55. The firm has a market cap of $189.44 billion, a P/E ratio of 25.61, a PEG ratio of 3.19 and a beta of 1.21.

Accenture (NYSE:ACNGet Free Report) last released its earnings results on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.11. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The business had revenue of $15.80 billion during the quarter, compared to analysts’ expectations of $15.85 billion. During the same quarter last year, the company earned $2.69 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. Research analysts predict that Accenture plc will post 12.09 EPS for the current year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Thursday, April 11th were paid a $1.29 dividend. This represents a $5.16 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend was Wednesday, April 10th. Accenture’s payout ratio is presently 46.78%.

Insiders Place Their Bets

In other Accenture news, COO John F. Walsh sold 8,000 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $332.13, for a total transaction of $2,657,040.00. Following the completion of the transaction, the chief operating officer now owns 17,877 shares in the company, valued at $5,937,488.01. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Accenture news, COO John F. Walsh sold 8,000 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $332.13, for a total transaction of $2,657,040.00. Following the completion of the transaction, the chief operating officer now owns 17,877 shares in the company, valued at $5,937,488.01. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Joel Unruch sold 4,333 shares of the firm’s stock in a transaction dated 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 transaction, the general counsel now owns 30,702 shares of the company’s stock, valued at approximately $9,705,516.24. The disclosure for this sale can be found here. Insiders sold a total of 28,083 shares of company stock worth $8,959,325 over the last quarter. Company insiders own 0.07% of the company’s stock.

Institutional Trading of Accenture

Several hedge funds have recently modified their holdings of ACN. 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 shares of Accenture during the fourth quarter worth approximately $27,000. Annapolis Financial Services LLC increased its holdings in shares of Accenture by 507.7% during the first quarter. Annapolis Financial Services LLC now owns 79 shares of the information technology services provider’s stock worth $27,000 after buying an additional 66 shares in the last quarter. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Accenture in the fourth quarter valued at approximately $29,000. Finally, Atwood & Palmer Inc. increased its holdings in shares of Accenture by 214.8% in the first quarter. Atwood & Palmer Inc. now owns 85 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 58 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Company Profile

(Get Free Report)

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.

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