Mauro Macchi Sells 500 Shares of Accenture PLC (NYSE:ACN) Stock

Accenture PLC (NYSE:ACN - Get Free Report) CEO Mauro Macchi sold 500 shares of the business's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.34, for a total transaction of $141,170.00. Following the sale, the chief executive officer directly owned 2,283 shares in the company, valued at $644,582.22. This trade represents a 17.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Accenture Price Performance

Shares of ACN traded down $1.26 during mid-day trading on Monday, hitting $279.80. 4,267,910 shares of the company were exchanged, compared to its average volume of 2,926,003. Accenture PLC has a 1-year low of $273.19 and a 1-year high of $398.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46. The company has a 50 day moving average of $309.00 and a 200-day moving average of $326.89. The stock has a market cap of $175.25 billion, a price-to-earnings ratio of 22.28, a price-to-earnings-growth ratio of 2.64 and a beta of 1.29.

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 the consensus estimate of $3.32 by $0.17. Accenture had a net margin of 11.61% and a return on equity of 26.55%. The company had revenue of $17.73 billion during the quarter, compared to analysts' expectations of $17.26 billion. During the same quarter in the prior year, the company earned $3.13 EPS. Accenture's revenue was up 7.7% compared to the same quarter last year. Analysts expect that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Visionary Wealth Advisors grew its stake in shares of Accenture by 3.5% in the 4th 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 during the period. Vivaldi Capital Management LP grew its stake in shares of Accenture by 3.6% in the 4th quarter. Vivaldi Capital Management LP now owns 782 shares of the information technology services provider's stock valued at $292,000 after buying an additional 27 shares during the period. Nemes Rush Group LLC grew its stake in shares of Accenture by 7.5% in the 4th quarter. Nemes Rush Group LLC now owns 418 shares of the information technology services provider's stock valued at $147,000 after buying an additional 29 shares during the period. Tradition Wealth Management LLC grew its stake in shares of Accenture by 0.3% in the 4th quarter. Tradition Wealth Management LLC now owns 10,981 shares of the information technology services provider's stock valued at $3,863,000 after buying an additional 30 shares during the period. Finally, Sentinus LLC grew its stake in shares of Accenture by 4.2% in the 4th quarter. Sentinus LLC now owns 763 shares of the information technology services provider's stock valued at $268,000 after buying an additional 31 shares during the period. Institutional investors and hedge funds own 75.14% of the company's stock.

Analysts Set New Price Targets

ACN has been the topic of a number of research analyst reports. BMO Capital Markets dropped their price objective on shares of Accenture from $355.00 to $325.00 and set a "market perform" rating on the stock in a report on Monday, June 23rd. Mizuho set a $348.00 price objective on shares of Accenture and gave the company an "outperform" rating in a report on Tuesday, June 24th. Barclays dropped their price objective on shares of Accenture from $390.00 to $360.00 and set an "overweight" rating on the stock in a report on Monday, June 23rd. Piper Sandler decreased their target price on shares of Accenture from $364.00 to $355.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, UBS Group restated a "buy" rating and set a $395.00 target price (up from $390.00) on shares of Accenture in a research report on Thursday, May 22nd. Seven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Accenture 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.

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