Accenture PLC Announces Semiannual Dividend of $0.93 (ACN)
Accenture PLC (NYSE:ACN) announced a semiannual dividend on Monday, September 30th, American Banking and Market News reports. Investors of record on Friday, October 11th will be paid a dividend of $0.93 per share on Friday, November 15th. This represents a dividend yield of 2.53%. The ex-dividend date is Wednesday, October 9th.
A number of analysts have recently weighed in on ACN shares. Analysts at Societe Generale upgraded shares of Accenture PLC (NYSE:ACN) from a “sell” rating to a “hold” rating in a research note to investors on Monday. They now have a $75.00 price target on the stock, up previously from $70.00. On a related note, analysts at Evercore Partners raised their price target on shares of Accenture PLC (NYSE:ACN) from $80.00 to $85.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Accenture PLC (NYSE:ACN) from $72.00 to $77.00 in a research note to investors on Wednesday, September 25th. They now have a “market perform” rating on the stock. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $80.70.
Accenture PLC (NYSE:ACN) traded down 0.61% during mid-day trading on Monday, hitting $73.64. 5,534,426 shares of the company’s stock traded hands. Accenture PLC has a 1-year low of $64.30 and a 1-year high of $84.22. The stock has a 50-day moving average of $74.01 and a 200-day moving average of $76.68. The company has a market cap of $47.303 billion and a price-to-earnings ratio of 15.03. Accenture PLC also was the recipient of some unusual options trading on Friday. Investors purchased 38,498 put options on the stock. This represents an increase of 764% compared to the typical volume of 4,456 put options.
Accenture PLC (NYSE:ACN) last released its earnings data on Thursday, September 26th. The company reported $1.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.01. The company had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $6.90 billion. During the same quarter in the previous year, the company posted $0.88 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. Analysts expect that Accenture PLC will post $4.47 EPS for the current fiscal year.
Accenture plc (NYSE:ACN) is engaged in providing management consulting, technology and outsourcing services.
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