Accenture Plc (NYSE:ACN) insider Ellyn Shook sold 2,501 shares of the company’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $212.27, for a total transaction of $530,887.27. Following the sale, the insider now owns 24,071 shares of the company’s stock, valued at $5,109,551.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Ellyn Shook also recently made the following trade(s):
- On Wednesday, April 29th, Ellyn Shook sold 1,251 shares of Accenture stock. The stock was sold at an average price of $185.00, for a total value of $231,435.00.
- On Thursday, April 23rd, Ellyn Shook sold 1,251 shares of Accenture stock. The shares were sold at an average price of $175.00, for a total value of $218,925.00.
Shares of ACN stock opened at $212.72 on Wednesday. Accenture Plc has a 52 week low of $137.15 and a 52 week high of $217.89. The stock has a market capitalization of $135.22 billion, a PE ratio of 27.84, a PEG ratio of 2.79 and a beta of 1.06. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.38 and a current ratio of 1.38. The stock’s fifty day moving average is $200.11 and its 200-day moving average is $193.12.
Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, June 25th. The information technology services provider reported $1.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.06. The business had revenue of $10.99 billion for the quarter, compared to the consensus estimate of $10.89 billion. Accenture had a net margin of 11.11% and a return on equity of 32.04%. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.93 EPS. As a group, analysts forecast that Accenture Plc will post 7.63 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Thursday, July 16th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.50%. Accenture’s payout ratio is 43.48%.
Several research analysts have commented on ACN shares. Stifel Nicolaus lifted their price target on Accenture from $184.00 to $236.00 and gave the stock a “buy” rating in a research report on Friday, June 19th. Piper Sandler initiated coverage on shares of Accenture in a report on Thursday, May 21st. They set a “neutral” rating and a $196.00 price objective on the stock. Deutsche Bank increased their target price on shares of Accenture from $215.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Robert W. Baird boosted their price target on Accenture from $216.00 to $222.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. Finally, Moffett Nathanson raised Accenture from a “neutral” rating to a “buy” rating and set a $200.00 price objective on the stock in a report on Friday, March 20th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have given a buy rating to the company’s stock. Accenture presently has an average rating of “Buy” and an average target price of $219.44.
Institutional investors have recently modified their holdings of the stock. Total Clarity Wealth Management Inc. bought a new position in Accenture in the 4th quarter worth approximately $26,000. HHM Wealth Advisors LLC acquired a new stake in shares of Accenture in the 1st quarter valued at $29,000. Islay Capital Management LLC bought a new stake in shares of Accenture during the fourth quarter worth $31,000. Mark Sheptoff Financial Planning LLC raised its position in shares of Accenture by 200.0% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 150 shares of the information technology services provider’s stock worth $32,000 after acquiring an additional 100 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new position in shares of Accenture during the fourth quarter valued at $34,000. 73.64% of the stock is owned by institutional investors and hedge funds.
Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.
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