Accenture plc to Issue Quarterly Dividend of $1.29 (NYSE:ACN)

Accenture plc (NYSE:ACNGet Free Report) declared a quarterly dividend on Thursday, June 20th, Zacks reports. Shareholders of record on Thursday, July 11th will be given a dividend of 1.29 per share by the information technology services provider on Thursday, August 15th. This represents a $5.16 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Thursday, July 11th.

Accenture has raised its dividend payment by an average of 12.3% annually over the last three years and has raised its dividend annually for the last 19 consecutive years. Accenture has a dividend payout ratio of 40.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Accenture to earn $12.60 per share next year, which means the company should continue to be able to cover its $5.16 annual dividend with an expected future payout ratio of 41.0%.

Accenture Trading Down 0.3 %

NYSE:ACN opened at $298.47 on Wednesday. Accenture has a 12 month low of $278.69 and a 12 month high of $387.51. The company has a 50 day simple moving average of $299.08 and a two-hundred day simple moving average of $333.95. The company has a market cap of $187.05 billion, a PE ratio of 27.33, a price-to-earnings-growth ratio of 3.34 and a beta of 1.23.

Accenture (NYSE:ACNGet Free Report) last announced its quarterly earnings data on Thursday, June 20th. The information technology services provider reported $3.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). The company had revenue of $16.47 billion for the quarter, compared to the consensus estimate of $16.55 billion. Accenture had a net margin of 10.79% and a return on equity of 27.48%. The company’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm posted $3.19 earnings per share. Research analysts forecast that Accenture will post 11.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ACN shares. Guggenheim reiterated a “buy” rating and set a $395.00 price objective on shares of Accenture in a research report on Friday, May 24th. Jefferies Financial Group cut their price objective on Accenture from $340.00 to $275.00 and set a “hold” rating for the company in a research report on Wednesday, June 5th. Barclays lowered their target price on Accenture from $390.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, June 17th. Wedbush dropped their price objective on shares of Accenture from $400.00 to $350.00 and set an “outperform” rating for the company in a research note on Wednesday, June 12th. Finally, TD Cowen dropped their price target on Accenture from $294.00 to $293.00 and set a “hold” rating for the company in a research report on Friday, June 21st. Twelve analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $351.82.

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Insider Buying and Selling at Accenture

In related news, insider Ellyn Shook sold 5,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $307.22, for a total value of $1,536,100.00. Following the completion of the transaction, the insider now owns 13,699 shares of the company’s stock, valued at approximately $4,208,606.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $307.22, for a total value of $1,536,100.00. Following the sale, the insider now owns 13,699 shares in the company, valued at $4,208,606.78. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Joel Unruch sold 4,333 shares of Accenture stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $316.12, for a total value 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 20,083 shares of company stock valued at $6,302,285. Corporate insiders own 0.07% of the company’s stock.

About Accenture

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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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Dividend History for Accenture (NYSE:ACN)

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