Accenture (NYSE:ACN – Free Report) had its price target decreased by Barclays from $390.00 to $360.00 in a report released on Monday,Benzinga reports. Barclays currently has an overweight rating on the information technology services provider’s stock.
Several other research analysts have also commented on the stock. Royal Bank Of Canada decreased their price target on shares of Accenture from $399.00 to $392.00 and set an “outperform” rating for the company in a report on Friday, March 21st. Piper Sandler decreased their price target on shares of Accenture from $364.00 to $355.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Morgan Stanley decreased their price target on shares of Accenture from $372.00 to $340.00 and set an “equal weight” rating for the company in a report on Thursday, June 12th. Baird R W raised shares of Accenture from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Finally, Benchmark reissued a “mixed” rating on shares of Accenture in a research note on Friday. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $374.00.
Get Our Latest Stock Report on ACN
Accenture Price Performance
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 for the quarter, topping the consensus estimate of $3.32 by $0.17. The company had revenue of $17.73 billion during the quarter, compared to analyst estimates of $17.26 billion. Accenture had a net margin of 11.61% and a return on equity of 26.55%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the business earned $3.13 EPS. As a group, research analysts anticipate that Accenture will post 12.73 earnings per share for the current fiscal year.
Accenture Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 10th will be given a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Thursday, July 10th. Accenture’s dividend payout ratio (DPR) is currently 47.13%.
Insider Transactions at Accenture
In related news, COO John F. Walsh sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $325.00, for a total transaction of $812,500.00. Following the transaction, the chief operating officer now directly owns 15,882 shares of the company’s stock, valued at approximately $5,161,650. The trade was a 13.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Angela Beatty sold 169 shares of the business’s stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $281.90, for a total transaction of $47,641.10. Following the transaction, the insider now directly owns 5,364 shares in the company, valued at $1,512,111.60. The trade was a 3.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,516 shares of company stock valued at $2,507,366 over the last ninety days. Corporate insiders own 0.02% of the company’s stock.
Institutional Trading of Accenture
Large investors have recently added to or reduced their stakes in the business. Kohmann Bosshard Financial Services LLC bought a new stake in Accenture in the fourth quarter worth approximately $30,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Accenture in the fourth quarter worth $30,000. Park Square Financial Group LLC acquired a new stake in shares of Accenture in the fourth quarter worth $31,000. Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of Accenture in the first quarter worth $31,000. Finally, Inlight Wealth Management LLC acquired a new stake in shares of Accenture in the first quarter worth $32,000. 75.14% of the stock is owned by institutional investors.
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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