Joel Unruch Sells 4,333 Shares of Accenture plc (NYSE:ACN) Stock

Accenture plc (NYSE:ACN) General Counsel Joel Unruch sold 4,333 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the general counsel now directly owns 30,702 shares in the company, valued at approximately $9,705,516.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

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

Accenture Stock Performance

Shares of NYSE:ACN opened at $317.59 on Tuesday. Accenture plc has a 52-week low of $261.68 and a 52-week high of $387.51. The company has a market capitalization of $213.02 billion, a PE ratio of 28.79, a price-to-earnings-growth ratio of 3.00 and a beta of 1.19. The company has a fifty day moving average of $354.21 and a 200-day moving average of $342.37.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, March 21st. The information technology services provider reported $2.77 EPS for the quarter, beating the consensus estimate of $2.66 by $0.11. Accenture had a return on equity of 28.30% and a net margin of 10.89%. The firm had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $15.85 billion. During the same period last year, the company earned $2.69 earnings per share. The business’s quarterly revenue was down .1% on a year-over-year basis. On average, equities analysts forecast that Accenture plc will post 12.09 EPS for the current fiscal year.

Accenture Announces Dividend

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

Institutional Trading of Accenture

Several institutional investors have recently modified their holdings of the business. Gerber LLC grew its position in shares of Accenture by 11.1% in the 1st quarter. Gerber LLC now owns 2,287 shares of the information technology services provider’s stock valued at $793,000 after buying an additional 228 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Accenture by 5.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 304,796 shares of the information technology services provider’s stock valued at $105,645,000 after acquiring an additional 14,967 shares during the last quarter. Stonegate Investment Group LLC raised its holdings in Accenture by 7.0% during the 1st quarter. Stonegate Investment Group LLC now owns 32,198 shares of the information technology services provider’s stock worth $11,160,000 after purchasing an additional 2,109 shares during the last quarter. Wendell David Associates Inc. lifted its position in shares of Accenture by 3.9% in the 1st quarter. Wendell David Associates Inc. now owns 27,249 shares of the information technology services provider’s stock worth $9,445,000 after purchasing an additional 1,022 shares during the period. Finally, Confluence Wealth Services Inc. boosted its stake in shares of Accenture by 19.5% in the 1st quarter. Confluence Wealth Services Inc. now owns 2,288 shares of the information technology services provider’s stock valued at $793,000 after purchasing an additional 374 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

ACN has been the topic of several research reports. TD Cowen decreased their price target on shares of Accenture from $363.00 to $350.00 and set a “market perform” rating on the stock in a research note on Friday, March 22nd. Bank of America raised their target price on shares of Accenture from $379.00 to $419.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Susquehanna reissued a “neutral” rating and set a $360.00 price target (down previously from $400.00) on shares of Accenture in a research report on Thursday, March 21st. Mizuho reiterated a “buy” rating and set a $398.00 target price (down from $426.00) on shares of Accenture in a research report on Friday, March 22nd. Finally, Redburn Atlantic raised their price target on Accenture from $410.00 to $445.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $387.00.

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.