Angela Beatty Sells 169 Shares of Accenture plc (NYSE:ACN) Stock

Accenture plc (NYSE:ACN) insider Angela Beatty sold 169 shares of the firm’s stock in a transaction on Friday, April 11th. The shares were sold at an average price of $281.90, for a total value of $47,641.10. Following the sale, the insider now directly owns 5,364 shares of the company’s stock, valued at $1,512,111.60. This represents a 3.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Angela Beatty also recently made the following trade(s):

• On Friday, January 17th, Angela Beatty sold 961 shares of Accenture stock. The stock was sold at an average price of $354.47, for a total value of $340,645.67.

Accenture Stock Performance

ACN stock opened at $288.58 on Wednesday. Accenture plc has a 1-year low of $275.01 and a 1-year high of $398.35. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. The firm has a market cap of $180.75 billion, a PE ratio of 24.21, a P/E/G ratio of 3.23 and a beta of 1.32. The business’s 50-day moving average price is $332.48 and its two-hundred day moving average price is $351.15.

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

Accenture Dividend Announcement

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

Hedge Funds Weigh In On Accenture

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Morse Asset Management Inc acquired a new position in shares of Accenture during the third quarter worth about $25,000. FPC Investment Advisory Inc. lifted its stake in Accenture by 62.2% in the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock valued at $28,000 after acquiring an additional 28 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in Accenture during the 4th quarter worth approximately $30,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Accenture in the fourth quarter valued at approximately $30,000. Finally, POM Investment Strategies LLC lifted its position in shares of Accenture by 64.2% in the fourth quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 34 shares in the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ACN has been the topic of several research reports. Baird R W upgraded shares of Accenture from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Wolfe Research upgraded shares of Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 target price on the stock in a research report on Wednesday, January 8th. Mizuho lowered 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. Guggenheim decreased their price objective on Accenture from $400.00 to $395.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Finally, UBS Group dropped their target price on Accenture from $455.00 to $387.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Accenture currently 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.