Accenture plc (NYSE:ACN) General Counsel Joel Unruch Sells 4,333 Shares

Accenture plc (NYSE:ACN) General Counsel Joel Unruch sold 4,333 shares of the business’s 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 transaction, the general counsel now directly owns 30,702 shares in the company, valued at $9,705,516.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

NYSE:ACN opened at $313.54 on Thursday. The stock has a market cap of $210.30 billion, a P/E ratio of 28.43, a PEG ratio of 3.01 and a beta of 1.19. Accenture plc has a one year low of $261.68 and a one year high of $387.51. The company has a fifty day moving average price of $352.14 and a 200 day moving average price of $342.20.

Accenture (NYSE:ACN) last released its earnings results on Thursday, March 21st. The information technology services provider reported $2.77 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $15.85 billion. During the same period in the prior year, the company earned $2.69 EPS. The business’s quarterly revenue was down .1% compared to the same quarter last year. As a group, equities research analysts anticipate that Accenture plc will post 12.09 EPS for the current year.

Accenture Dividend Announcement

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

Hedge Funds Weigh In On Accenture

Hedge funds have recently made changes to their positions in the business. Chilton Capital Management LLC raised its stake in shares of Accenture by 180.0% in the 4th quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock valued at $25,000 after buying an additional 45 shares in the last quarter. DiNuzzo Private Wealth Inc. acquired a new position in shares of Accenture in the 4th quarter valued at $27,000. Annapolis Financial Services LLC grew its holdings in shares of Accenture by 507.7% in the 1st quarter. Annapolis Financial Services LLC now owns 79 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 66 shares during the last quarter. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Accenture in the 4th quarter worth about $29,000. Finally, Atwood & Palmer Inc. grew 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 worth $29,000 after purchasing an additional 58 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on ACN shares. Stifel Nicolaus boosted their target price on shares of Accenture from $363.00 to $395.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Morgan Stanley boosted their target price on shares of Accenture from $400.00 to $417.00 and gave the stock an “overweight” rating in a research report on Monday, March 18th. Robert W. Baird boosted their target price on shares of Accenture from $364.00 to $375.00 and gave the stock a “neutral” rating in a research report on Thursday, March 7th. BNP Paribas upgraded shares of Accenture from a “neutral” rating to an “outperform” rating and set a $440.00 price objective for the company in a research note on Wednesday, January 17th. Finally, TD Cowen reduced their price objective on shares of Accenture from $363.00 to $350.00 and set a “market perform” rating for the company in a research note on Friday, March 22nd. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.