Accenture plc (NYSE:ACN) General Counsel Sells $1,369,747.96 in Stock

Accenture plc (NYSE:ACN) General Counsel Joel Unruch sold 4,333 shares of the stock in a transaction that occurred on Friday, April 19th. The shares were 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 in the company, valued at $9,705,516.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 transaction of $1,611,139.39.

Accenture Price Performance

Accenture stock opened at $313.54 on Thursday. Accenture plc has a 12-month low of $261.68 and a 12-month high of $387.51. The company has a market capitalization of $210.30 billion, a price-to-earnings ratio of 28.43, a price-to-earnings-growth ratio of 3.01 and a beta of 1.19. The firm’s fifty day moving average price is $352.14 and its 200 day moving average price is $342.20.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $15.85 billion. During the same quarter in the previous year, the firm posted $2.69 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. Analysts forecast that Accenture plc will post 12.09 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th will be issued a dividend of $1.29 per share. This represents a $5.16 annualized dividend and a yield of 1.65%. The ex-dividend date is Wednesday, April 10th. Accenture’s dividend payout ratio is currently 46.78%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Chilton Capital Management LLC grew its holdings in Accenture by 180.0% during the 4th quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 45 shares in the last quarter. DiNuzzo Private Wealth Inc. acquired a new position in Accenture during the 4th quarter worth $27,000. Annapolis Financial Services LLC grew its holdings in Accenture by 507.7% during the 1st quarter. Annapolis Financial Services LLC now owns 79 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 66 shares in the last quarter. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Accenture in the 4th quarter valued at about $29,000. Finally, Atwood & Palmer Inc. boosted its holdings in shares of Accenture by 214.8% in the 1st quarter. Atwood & Palmer Inc. now owns 85 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 58 shares during the period. 75.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Redburn Atlantic raised their target price on shares of Accenture from $410.00 to $445.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. TD Cowen decreased their target price on shares of Accenture from $363.00 to $350.00 and set a “market perform” rating on the stock in a research report on Friday, March 22nd. Mizuho restated a “buy” rating and set a $398.00 target price (down previously from $426.00) on shares of Accenture in a research report on Friday, March 22nd. Susquehanna restated a “neutral” rating and set a $360.00 target price (down previously from $400.00) on shares of Accenture in a research report on Thursday, March 21st. Finally, Bank of America increased their price target on shares of Accenture from $379.00 to $419.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $387.00.

About Accenture

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.