Accenture PLC (NYSE:ACN) CEO Julie Spellman Sweet Sells 2,251 Shares

Accenture PLC (NYSE:ACN - Get Free Report) CEO Julie Spellman Sweet sold 2,251 shares of the firm's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.45, for a total value of $635,794.95. Following the sale, the chief executive officer directly owned 8,109 shares of the company's stock, valued at approximately $2,290,387.05. This trade represents a 21.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Accenture Stock Performance

Shares of ACN traded down $1.26 during midday trading on Monday, reaching $279.80. 4,267,910 shares of the stock were exchanged, compared to its average volume of 2,926,003. The business's 50-day moving average price is $309.00 and its 200 day moving average price is $326.89. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. Accenture PLC has a twelve month low of $273.19 and a twelve month high of $398.35. The company has a market capitalization of $175.25 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 2.64 and a beta of 1.29.

Accenture (NYSE:ACN - Get Free Report) last posted its earnings results on Friday, June 20th. The information technology services provider reported $3.49 EPS for the quarter, topping analysts' consensus estimates of $3.32 by $0.17. Accenture had a return on equity of 26.55% and a net margin of 11.61%. The business had revenue of $17.73 billion for the quarter, compared to analysts' expectations of $17.26 billion. During the same quarter in the previous year, the firm earned $3.13 earnings per share. The business's revenue was up 7.7% compared to the same quarter last year. On average, sell-side analysts expect that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 10th will be given a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 2.12%. The ex-dividend date is Thursday, July 10th. Accenture's dividend payout ratio (DPR) is presently 47.13%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Morgan Stanley cut their target price on Accenture from $340.00 to $325.00 and set an "equal weight" rating for the company in a research note on Tuesday, June 24th. Robert W. Baird upgraded Accenture from a "neutral" rating to an "outperform" rating and set a $390.00 price target for the company in a research report on Monday, March 17th. Baird R W upgraded Accenture from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Barclays lowered their price target on Accenture from $390.00 to $360.00 and set an "overweight" rating for the company in a research report on Monday, June 23rd. Finally, Royal Bank Of Canada lowered their price target on Accenture from $399.00 to $392.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Seven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Accenture has a consensus rating of "Moderate Buy" and an average price target of $370.71.

Hedge Funds Weigh In On Accenture

Institutional investors have recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc boosted its stake in shares of Accenture by 3.3% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,762 shares of the information technology services provider's stock worth $527,000 after acquiring an additional 56 shares in the last quarter. Arlington Partners LLC boosted its stake in shares of Accenture by 22.5% during the 2nd quarter. Arlington Partners LLC now owns 14,330 shares of the information technology services provider's stock worth $4,283,000 after acquiring an additional 2,635 shares in the last quarter. Foster Group Inc. boosted its stake in shares of Accenture by 29.7% during the 2nd quarter. Foster Group Inc. now owns 1,075 shares of the information technology services provider's stock worth $321,000 after acquiring an additional 246 shares in the last quarter. Caitlin John LLC purchased a new stake in shares of Accenture during the 2nd quarter worth approximately $300,000. Finally, McGlone Suttner Wealth Management Inc. boosted its stake in shares of Accenture by 43.8% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 1,788 shares of the information technology services provider's stock worth $535,000 after acquiring an additional 545 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.