Rep. Robert Bresnahan, Jr. Sells Accenture plc (NYSE:ACN) Shares

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Accenture plc NYSE: ACN. In a filing disclosed on April 28th, the Representative disclosed that they had sold between $15,001 and $50,000 in Accenture stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Occidental Petroleum NYSE: OXY on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 4/8/2025.
• Sold $1,001 - $15,000 in shares of QUALCOMM NASDAQ: QCOM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Best Buy NYSE: BBY on 4/8/2025.
• Sold $1,001 - $15,000 in shares of EOG Resources NYSE: EOG on 4/8/2025.
• Sold $1,001 - $15,000 in shares of CSX NASDAQ: CSX on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Valero Energy NYSE: VLO on 4/8/2025.

Accenture Stock Up 1.7 %

Shares of ACN stock traded up $4.96 on Friday, hitting $305.49. The stock had a trading volume of 1,810,006 shares, compared to its average volume of 2,978,367. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. The stock has a market cap of $191.34 billion, a price-to-earnings ratio of 25.63, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32. The business has a 50 day moving average of $308.74 and a 200 day moving average of $345.02. Accenture plc has a 12-month low of $275.01 and a 12-month high of $398.35.

Accenture (NYSE:ACN - Get Free Report) last released its earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, beating analysts' consensus estimates of $2.81 by $0.01. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The firm had revenue of $16.70 billion during the quarter, compared to the consensus estimate of $16.64 billion. During the same period in the prior year, the firm earned $2.77 EPS. The company's revenue was up 5.7% compared to the same quarter last year. As a group, analysts expect 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. Shareholders of record on Thursday, April 10th will be paid 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 yield of 1.94%. Accenture's dividend payout ratio (DPR) is currently 48.89%.

Insider Activity at Accenture

In other news, CEO Julie Spellman Sweet sold 2,284 shares of the firm's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $281.63, for a total transaction of $643,242.92. Following the completion of the sale, the chief executive officer now owns 9,965 shares of the company's stock, valued at approximately $2,806,442.95. This trade represents a 18.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Joel Unruch sold 3,563 shares of the stock in a transaction on Friday, April 11th. The shares were sold at an average price of $281.78, for a total value of $1,003,982.14. Following the completion of the transaction, the general counsel now owns 17,237 shares in the company, valued at $4,857,041.86. The trade was a 17.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,041 shares of company stock worth $5,254,956 in the last quarter. 0.02% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. BMO Capital Markets upped their target price on shares of Accenture to $355.00 and gave the stock a "hold" rating in a research report on Wednesday, March 26th. Royal Bank of Canada lowered their target price on Accenture from $399.00 to $392.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Mizuho lowered their price target on Accenture from $428.00 to $398.00 and set an "outperform" rating for the company in a research report on Wednesday, March 19th. Robert W. Baird raised shares of Accenture from a "neutral" rating to an "outperform" rating and set a $390.00 target price on the stock in a research note on Monday, March 17th. Finally, Piper Sandler dropped their price target on Accenture from $364.00 to $355.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Eight equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $377.82.

Institutional Investors Weigh In On Accenture

A number of hedge funds and other institutional investors have recently bought and sold shares of ACN. Retirement Planning Co of New England Inc. acquired a new position in shares of Accenture during the 1st quarter worth $518,000. Hardy Reed LLC raised its position in shares of Accenture by 1.5% in the 1st quarter. Hardy Reed LLC now owns 7,801 shares of the information technology services provider's stock valued at $2,434,000 after purchasing an additional 117 shares in the last quarter. Forum Financial Management LP increased its stake in Accenture by 1.9% during the first quarter. Forum Financial Management LP now owns 4,732 shares of the information technology services provider's stock valued at $1,477,000 after purchasing an additional 86 shares during the last quarter. Asset Advisors Investment Management LLC raised its stake in Accenture by 4.6% during the first quarter. Asset Advisors Investment Management LLC now owns 75,996 shares of the information technology services provider's stock worth $23,714,000 after acquiring an additional 3,312 shares during the period. Finally, Kingsview Wealth Management LLC grew its stake in shares of Accenture by 264.5% in the 1st quarter. Kingsview Wealth Management LLC now owns 39,021 shares of the information technology services provider's stock worth $12,176,000 after purchasing an additional 28,315 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company's stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.