Accenture PLC (NYSE:ACN) Insider Angela Beatty Sells 203 Shares

Accenture PLC (NYSE:ACN - Get Free Report) insider Angela Beatty sold 203 shares of the business's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $57,315.02. Following the completion of the transaction, the insider directly owned 5,249 shares in the company, valued at $1,482,002.66. This represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Accenture Price Performance

ACN traded down $1.26 during trading on Monday, reaching $279.80. The stock had a trading volume of 4,267,910 shares, compared to its average volume of 2,926,003. The stock has a market cap of $175.25 billion, a PE ratio of 22.28, a PEG ratio of 2.64 and a beta of 1.29. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46. Accenture PLC has a one year low of $273.19 and a one year high of $398.35. The business has a 50-day moving average of $309.00 and a 200-day moving average of $326.89.

Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $17.73 billion for the quarter, compared to analysts' expectations of $17.26 billion. During the same period last year, the firm earned $3.13 earnings per share. The company's revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ACN. Mpwm Advisory Solutions LLC purchased a new position in Accenture during the 4th quarter valued at about $30,000. Park Square Financial Group LLC purchased a new position in Accenture during the 4th quarter valued at about $31,000. Kelly Lawrence W & Associates Inc. CA purchased a new position in Accenture during the 1st quarter valued at about $31,000. Inlight Wealth Management LLC purchased a new position in Accenture during the 1st quarter valued at about $32,000. Finally, Capital A Wealth Management LLC purchased a new position in Accenture during the 4th quarter valued at about $34,000. 75.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ACN. Baird R W raised Accenture from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Robert W. Baird raised Accenture from a "neutral" rating to an "outperform" rating and set a $390.00 target price for the company in a research report on Monday, March 17th. Piper Sandler decreased their target price on Accenture from $364.00 to $355.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Argus set a $370.00 price objective on Accenture in a research note on Tuesday, June 24th. Finally, Barclays lowered their price objective on Accenture from $390.00 to $360.00 and set an "overweight" rating for the company in a research note on Monday, June 23rd. 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 MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $370.71.

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.

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.