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 dated Friday, April 19th. The stock was sold at an average price of $316.12, for a total transaction of $1,369,747.96. Following the sale, the general counsel now directly owns 30,702 shares in the company, valued at $9,705,516.24. The sale 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 stock was sold at an average price of $371.83, for a total value of $1,611,139.39.

Accenture Trading Down 0.2 %

Shares of ACN opened at $316.80 on Wednesday. The stock has a market cap of $212.49 billion, a P/E ratio of 28.72, a price-to-earnings-growth ratio of 3.00 and a beta of 1.19. The stock’s 50-day moving average price is $353.29 and its two-hundred day moving average price is $342.40. Accenture plc has a 1 year low of $261.68 and a 1 year high of $387.51.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.11. The firm 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 business’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.69 earnings per share. As a group, equities analysts forecast that Accenture plc will post 12.09 EPS for the current year.

Accenture Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 11th will be given a $1.29 dividend. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $5.16 annualized dividend and a dividend yield of 1.63%. Accenture’s dividend payout ratio is presently 46.78%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ACN shares. Royal Bank of Canada boosted their price objective on Accenture from $374.00 to $381.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. Redburn Atlantic increased their price objective on shares of Accenture from $410.00 to $445.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Susquehanna reaffirmed a “neutral” rating and issued a $360.00 target price (down from $400.00) on shares of Accenture in a research note on Thursday, March 21st. Mizuho reissued a “buy” rating and set a $398.00 price target (down from $426.00) on shares of Accenture in a research note on Friday, March 22nd. Finally, UBS Group boosted their price objective on shares of Accenture from $365.00 to $400.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $387.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Chilton Capital Management LLC boosted its position in shares of Accenture by 180.0% during the fourth quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock worth $25,000 after buying an additional 45 shares during the period. DiNuzzo Private Wealth Inc. bought a new position in shares of Accenture in the 4th quarter valued at about $27,000. Annapolis Financial Services LLC raised its holdings in Accenture by 507.7% during the first quarter. Annapolis Financial Services LLC now owns 79 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 66 shares in the last quarter. Ables Iannone Moore & Associates Inc. bought a new position in Accenture in the fourth quarter valued at approximately $29,000. Finally, Atwood & Palmer Inc. increased its position in shares of Accenture by 214.8% during the 1st quarter. Atwood & Palmer Inc. now owns 85 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 58 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

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.