Accenture plc (NYSE:ACN) Announces Quarterly Dividend of $1.12

Accenture plc (NYSE:ACNGet Rating) declared a quarterly dividend on Thursday, September 22nd, RTT News reports. Shareholders of record on Thursday, October 13th will be paid a dividend of 1.12 per share by the information technology services provider on Tuesday, November 15th. This represents a $4.48 annualized dividend and a yield of 1.71%. This is a boost from Accenture’s previous quarterly dividend of $0.97.

Accenture has increased its dividend payment by an average of 9.9% per year over the last three years and has raised its dividend annually for the last 17 consecutive years. Accenture has a payout ratio of 32.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Accenture to earn $11.84 per share next year, which means the company should continue to be able to cover its $3.88 annual dividend with an expected future payout ratio of 32.8%.

Accenture Price Performance

Shares of NYSE ACN opened at $262.32 on Friday. The stock has a market capitalization of $165.93 billion, a PE ratio of 25.44, a P/E/G ratio of 2.28 and a beta of 1.22. The business has a fifty day moving average price of $294.97 and a two-hundred day moving average price of $299.75. Accenture has a fifty-two week low of $261.77 and a fifty-two week high of $417.37.

Accenture (NYSE:ACNGet Rating) last announced its quarterly earnings data on Thursday, September 22nd. The information technology services provider reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.57 by $0.03. The firm had revenue of $15.42 billion during the quarter, compared to analysts’ expectations of $15.41 billion. Accenture had a return on equity of 31.50% and a net margin of 11.13%. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.20 EPS. On average, equities analysts expect that Accenture will post 10.69 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ACN. Piper Sandler lowered their price target on Accenture from $281.00 to $268.00 and set a “neutral” rating for the company in a report on Friday. Robert W. Baird boosted their price target on Accenture from $310.00 to $338.00 and gave the stock a “neutral” rating in a report on Tuesday, August 9th. Morgan Stanley lowered their price target on Accenture from $385.00 to $350.00 and set an “overweight” rating for the company in a report on Wednesday, September 7th. Citigroup reduced their price objective on Accenture from $315.00 to $305.00 in a research report on Friday. Finally, Susquehanna reduced their price objective on Accenture from $460.00 to $360.00 in a research report on Friday. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Accenture has a consensus rating of “Moderate Buy” and a consensus target price of $350.11.

Insider Activity at Accenture

In related news, CEO Julie Spellman Sweet sold 3,278 shares of the company’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $270.93, for a total transaction of $888,108.54. Following the sale, the chief executive officer now owns 16,978 shares in the company, valued at approximately $4,599,849.54. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Jean-Marc Ollagnier sold 6,250 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $270.93, for a total transaction of $1,693,312.50. Following the transaction, the insider now directly owns 159,630 shares of the company’s stock, valued at approximately $43,248,555.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Julie Spellman Sweet sold 3,278 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $270.93, for a total value of $888,108.54. Following the transaction, the chief executive officer now directly owns 16,978 shares in the company, valued at $4,599,849.54. The disclosure for this sale can be found here. Insiders have sold a total of 11,389 shares of company stock worth $3,132,777 in the last 90 days. Corporate insiders own 0.07% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Cadence Bank raised its stake in Accenture by 0.7% during the 1st quarter. Cadence Bank now owns 4,999 shares of the information technology services provider’s stock worth $1,686,000 after buying an additional 36 shares during the period. Wall Street Access Asset Management LLC raised its stake in Accenture by 4.9% during the 1st quarter. Wall Street Access Asset Management LLC now owns 830 shares of the information technology services provider’s stock worth $279,000 after buying an additional 39 shares during the period. Guardian Wealth Management Inc. raised its stake in shares of Accenture by 0.6% in the first quarter. Guardian Wealth Management Inc. now owns 7,292 shares of the information technology services provider’s stock worth $2,459,000 after purchasing an additional 41 shares during the last quarter. IHT Wealth Management LLC raised its stake in shares of Accenture by 6.5% in the first quarter. IHT Wealth Management LLC now owns 785 shares of the information technology services provider’s stock worth $265,000 after purchasing an additional 48 shares during the last quarter. Finally, Evergreen Capital Management LLC raised its stake in shares of Accenture by 3.2% in the first quarter. Evergreen Capital Management LLC now owns 4,383 shares of the information technology services provider’s stock worth $1,478,000 after purchasing an additional 135 shares during the last quarter. 73.73% of the stock is owned by institutional investors and hedge funds.

About Accenture

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Accenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operations services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management, intelligent automation comprises robotic process automation, natural language processing, and virtual agents, and liquid application management services, as well as program, project, and service management services; strategy consulting services; critical data elements, data management and governance, data platform and architecture, product-based organization and skills, business adoption, and value realization services; engineering, and research and development digitization; smart connected product design and development; product platform engineering and modernization; product as-a-service enablement; products related to production and operations; autonomous robotics systems; the digital transformation of capital projects; and digital industrial workforce solutions.

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Dividend History for Accenture (NYSE:ACN)

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