Accenture plc (NYSE:ACN) General Counsel Joel Unruch Sells 4,333 Shares

Accenture plc (NYSE:ACN - Get Free Report) General Counsel Joel Unruch sold 4,333 shares of the firm's stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $316.12, for a total value of $1,369,747.96. Following the sale, the general counsel now directly owns 30,702 shares in the company, valued at approximately $9,705,516.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, January 26th, Joel Unruch sold 4,333 shares of Accenture stock. The stock was sold at an average price of $371.83, for a total value of $1,611,139.39.

Accenture Trading Up 0.2 %

ACN traded up $0.71 during trading on Monday, hitting $317.59. The company's stock had a trading volume of 2,433,300 shares, compared to its average volume of 2,391,084. The firm has a market capitalization of $213.02 billion, a price-to-earnings ratio of 28.79, a P/E/G ratio of 3.00 and a beta of 1.19. The business's fifty day simple moving average is $354.21 and its 200 day simple moving average is $342.37. Accenture plc has a twelve month low of $261.68 and a twelve month high of $387.51.

Accenture (NYSE:ACN - Get Free Report) last posted its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.11. The company had revenue of $15.80 billion during the quarter, compared to analysts' expectations of $15.85 billion. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The firm's revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $2.69 earnings per share. As a group, equities research analysts forecast that Accenture plc will post 12.09 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th will be paid a dividend of $1.29 per share. The ex-dividend date is Wednesday, April 10th. This represents a $5.16 annualized dividend and a yield of 1.62%. Accenture's dividend payout ratio (DPR) is currently 46.78%.

Hedge Funds Weigh In On Accenture

Several hedge funds and other institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC increased its holdings in shares of Accenture by 3.2% in the third quarter. International Assets Investment Management LLC now owns 1,690 shares of the information technology services provider's stock valued at $531,000 after purchasing an additional 52 shares during the last quarter. RFG Advisory LLC grew its holdings in Accenture by 3.1% in the 3rd quarter. RFG Advisory LLC now owns 3,278 shares of the information technology services provider's stock valued at $1,007,000 after buying an additional 100 shares in the last quarter. Rothschild Investment LLC IL increased its stake in shares of Accenture by 26.1% in the 3rd quarter. Rothschild Investment LLC IL now owns 986 shares of the information technology services provider's stock worth $303,000 after acquiring an additional 204 shares during the last quarter. McBroom & Associates LLC raised its holdings in shares of Accenture by 5.8% during the 3rd quarter. McBroom & Associates LLC now owns 17,671 shares of the information technology services provider's stock worth $5,427,000 after acquiring an additional 973 shares during the period. Finally, Ziegler Capital Management LLC boosted its position in shares of Accenture by 42.3% during the 3rd quarter. Ziegler Capital Management LLC now owns 41,383 shares of the information technology services provider's stock valued at $12,709,000 after acquiring an additional 12,302 shares during the last quarter. Hedge funds and other institutional investors own 75.14% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on ACN shares. Susquehanna reissued a "neutral" rating and set a $360.00 target price (down previously from $400.00) on shares of Accenture in a research report on Thursday, March 21st. UBS Group upped their target price on Accenture from $365.00 to $400.00 and gave the company a "neutral" rating in a research report on Thursday, January 25th. Piper Sandler lifted their price target on Accenture from $335.00 to $394.00 and gave the stock a "neutral" rating in a research report on Monday, March 18th. Mizuho reissued a "buy" rating and issued a $398.00 price objective (down from $426.00) on shares of Accenture in a report on Friday, March 22nd. Finally, Redburn Atlantic lifted their target price on Accenture from $410.00 to $445.00 and gave the stock a "buy" rating in a report on Tuesday, March 19th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $387.00.

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.