Joel Unruch Sells 3,563 Shares of Accenture plc (NYSE:ACN) Stock

Accenture plc (NYSE:ACN) General Counsel Joel Unruch sold 3,563 shares of the firm’s stock in a transaction on Friday, April 11th. The shares were sold at an average price of $281.78, for a total transaction of $1,003,982.14. Following the sale, the general counsel now directly owns 17,237 shares of the company’s stock, valued at approximately $4,857,041.86. The trade was a 17.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Joel Unruch also recently made the following trade(s):

• On Friday, January 24th, Joel Unruch sold 4,750 shares of Accenture stock. The stock was sold at an average price of $362.78, for a total value of $1,723,205.00.

Accenture Trading Down 0.4 %

Accenture stock opened at $288.58 on Wednesday. The company has a 50 day moving average price of $332.48 and a 200 day moving average price of $351.15. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. Accenture plc has a 52 week low of $275.01 and a 52 week high of $398.35. The firm has a market capitalization of $180.75 billion, a price-to-earnings ratio of 24.21, a P/E/G ratio of 3.23 and a beta of 1.32.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.01. The firm had revenue of $16.70 billion during the quarter, compared to the consensus estimate of $16.64 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.77 EPS. Research analysts forecast that Accenture plc will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th will be issued a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Thursday, April 10th. Accenture’s dividend payout ratio is currently 48.89%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Morse Asset Management Inc acquired a new position in shares of Accenture during the 3rd quarter worth $25,000. SkyView Investment Advisors LLC raised its holdings in Accenture by 1.9% during the third quarter. SkyView Investment Advisors LLC now owns 1,796 shares of the information technology services provider’s stock valued at $635,000 after buying an additional 33 shares in the last quarter. Anchor Investment Management LLC lifted its position in shares of Accenture by 8.4% in the third quarter. Anchor Investment Management LLC now owns 6,135 shares of the information technology services provider’s stock worth $2,169,000 after buying an additional 474 shares during the last quarter. Arvest Bank Trust Division bought a new stake in shares of Accenture during the 3rd quarter worth about $18,115,000. Finally, Wilmington Savings Fund Society FSB raised its stake in shares of Accenture by 2.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 41,175 shares of the information technology services provider’s stock valued at $14,555,000 after acquiring an additional 1,015 shares in the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ACN has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Accenture from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. Mizuho reduced their price target on shares of Accenture from $428.00 to $398.00 and set an “outperform” rating for the company in a report on Wednesday, March 19th. Morgan Stanley cut their price target on Accenture from $380.00 to $372.00 and set an “equal weight” rating on the stock in a report on Monday, March 17th. Barclays lowered their target price on Accenture from $415.00 to $390.00 and set an “overweight” rating on the stock in a research report on Monday, March 24th. Finally, Stifel Nicolaus decreased their price target on Accenture from $390.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Eight equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $378.23.

Accenture Company Profile

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.