Joel Unruch Sells 3,563 Shares of Accenture plc (NYSE:ACN) Stock

Accenture plc (NYSE:ACN - Get Free Report) General Counsel Joel Unruch sold 3,563 shares of Accenture 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 sale, the general counsel now directly owns 17,237 shares of the company's stock, valued at $4,857,041.86. This trade represents a 17.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Joel Unruch also recently made the following trade(s):

• On Friday, January 24th, Joel Unruch sold 4,750 shares of Accenture stock. The stock was sold at an average price of $362.78, for a total transaction of $1,723,205.00.

Accenture Stock Performance

ACN traded down $2.96 during trading on Friday, hitting $282.28. The stock had a trading volume of 2,320,335 shares, compared to its average volume of 3,007,591. The company has a 50 day moving average price of $326.22 and a 200-day moving average price of $349.73. The firm has a market cap of $176.80 billion, a price-to-earnings ratio of 23.68, a P/E/G ratio of 3.23 and a beta of 1.32. Accenture plc has a one year low of $275.01 and a one year high of $398.35. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47.

Accenture (NYSE:ACN - Get Free Report) last released its quarterly 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. The company 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 firm's quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.77 earnings per share. As a group, research analysts predict that Accenture plc will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th will be given a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Thursday, April 10th. Accenture's payout ratio is presently 48.89%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Visionary Wealth Advisors boosted its stake in Accenture by 3.5% in the fourth quarter. Visionary Wealth Advisors now owns 778 shares of the information technology services provider's stock valued at $274,000 after buying an additional 26 shares in the last quarter. Vivaldi Capital Management LP grew its holdings in shares of Accenture by 3.6% during the 4th quarter. Vivaldi Capital Management LP now owns 782 shares of the information technology services provider's stock valued at $292,000 after purchasing an additional 27 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its stake in Accenture by 5.7% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 518 shares of the information technology services provider's stock valued at $182,000 after purchasing an additional 28 shares during the last quarter. FPC Investment Advisory Inc. increased its holdings in shares of Accenture by 62.2% during the fourth quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider's stock worth $28,000 after buying an additional 28 shares in the last quarter. Finally, New England Professional Planning Group Inc. boosted its holdings in shares of Accenture by 4.6% during the 4th quarter. New England Professional Planning Group Inc. now owns 655 shares of the information technology services provider's stock valued at $230,000 after acquiring an additional 29 shares in the last quarter. 75.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Royal Bank of Canada dropped their target price on shares of Accenture from $399.00 to $392.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. StockNews.com downgraded Accenture from a "buy" rating to a "hold" rating in a research note on Tuesday, March 11th. Piper Sandler cut their price target on shares of Accenture from $364.00 to $355.00 and set an "overweight" rating on the stock in a research note on Wednesday. Stifel Nicolaus dropped their price target on Accenture from $390.00 to $380.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Finally, Barclays decreased their price objective on Accenture from $415.00 to $390.00 and set an "overweight" rating for the company in a report on Monday, March 24th. Eight research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $377.82.

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.