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 0.9 %

Shares of ACN stock traded up $2.70 during trading hours on Monday, reaching $308.03. The company had a trading volume of 3,547,467 shares, compared to its average volume of 2,981,493. The company has a market capitalization of $192.93 billion, a P/E ratio of 25.84, a price-to-earnings-growth ratio of 3.23 and a beta of 1.35. Accenture plc has a twelve month low of $275.01 and a twelve month high of $398.35. The stock's fifty day simple moving average is $307.74 and its 200 day simple moving average is $344.13. 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 (NYSE:ACN - Get Free Report) last announced its earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share 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 the consensus estimate of $16.64 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The business's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.77 earnings per share. As a group, sell-side analysts expect that Accenture plc will post 12.73 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The business also recently disclosed 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. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Thursday, April 10th. Accenture's dividend payout ratio is presently 48.89%.

Insider Buying and Selling at Accenture

In other Accenture news, insider Angela Beatty sold 169 shares of Accenture stock in a transaction that occurred 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 transaction, the insider now owns 5,364 shares in the company, valued at approximately $1,512,111.60. The trade was a 3.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 sale, the general counsel now owns 17,237 shares of the company's stock, valued at $4,857,041.86. This trade represents a 17.13 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 15,041 shares of company stock valued at $5,254,956. 0.02% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Morse Asset Management Inc acquired a new stake in shares of Accenture in the 3rd quarter worth approximately $25,000. FPC Investment Advisory Inc. increased its position in shares of Accenture by 62.2% during the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider's stock valued at $28,000 after purchasing an additional 28 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Accenture in the 4th quarter worth $30,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Accenture in the fourth quarter valued at $30,000. Finally, POM Investment Strategies LLC grew its holdings in Accenture by 64.2% during the fourth quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider's stock worth $31,000 after acquiring an additional 34 shares during the period. Institutional investors own 75.14% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ACN shares. Morgan Stanley lowered their price objective on Accenture from $380.00 to $372.00 and set an "equal weight" rating for the company in a research note on Monday, March 17th. Barclays dropped their price target on shares of Accenture from $415.00 to $390.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. Mizuho dropped their target price on shares of Accenture from $428.00 to $398.00 and set an "outperform" rating for the company in a research report on Wednesday, March 19th. Baird R W raised shares of Accenture from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Finally, Royal Bank of Canada reduced their target price on Accenture from $399.00 to $392.00 and set an "outperform" rating on the stock in a 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $377.82.

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.