Accenture PLC (NYSE:ACN) Announces $1.63 Quarterly Dividend

by · The Markets Daily

Accenture PLC (NYSE:ACN – Get Free Report) declared a quarterly dividend on Thursday, December 18th. Investors of record on Tuesday, January 13th will be given a dividend of 1.63 per share by the information technology services provider on Friday, February 13th. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Tuesday, January 13th.

Accenture has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 20 consecutive years. Accenture has a payout ratio of 47.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Accenture to earn $13.73 per share next year, which means the company should continue to be able to cover its $6.52 annual dividend with an expected future payout ratio of 47.5%.

Accenture Trading Down 1.4%

ACN opened at $269.84 on Friday. The stock has a market cap of $177.68 billion, a PE ratio of 22.21, a PEG ratio of 2.66 and a beta of 1.26. The business has a 50 day moving average of $252.18 and a 200-day moving average of $264.34. Accenture has a 52 week low of $229.40 and a 52 week high of $398.35. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN – Get Free Report) last announced its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.21. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The firm had revenue of $18.74 billion for the quarter, compared to analysts’ expectations of $18.51 billion. During the same quarter in the previous year, the business posted $3.59 EPS. The company’s quarterly revenue was up 5.7% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Equities research analysts predict that Accenture will post 12.73 earnings per share for the current fiscal year.

Insider Activity at Accenture

In related news, CEO Ryoji Sekido sold 2,500 shares of the business’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total transaction of $623,675.00. Following the completion of the transaction, the chief executive officer owned 1,390 shares in the company, valued at $346,763.30. The trade was a 64.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Julie Spellman Sweet sold 9,000 shares of the business’s stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $249.57, for a total transaction of $2,246,130.00. Following the sale, the chief executive officer directly owned 23,516 shares of the company’s stock, valued at $5,868,888.12. This represents a 27.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 33,319 shares of company stock worth $8,335,225. Insiders own 0.02% of the company’s stock.

Institutional Trading of Accenture

Several institutional investors and hedge funds have recently modified their holdings of ACN. Strategic Investment Advisors MI increased its holdings in Accenture by 6.8% during the 3rd quarter. Strategic Investment Advisors MI now owns 2,168 shares of the information technology services provider’s stock worth $535,000 after purchasing an additional 138 shares during the period. Keel Point LLC grew its holdings in Accenture by 7.4% during the 3rd quarter. Keel Point LLC now owns 22,828 shares of the information technology services provider’s stock worth $5,629,000 after acquiring an additional 1,581 shares in the last quarter. Farmers National Bank raised its holdings in shares of Accenture by 20.8% in the 3rd quarter. Farmers National Bank now owns 21,769 shares of the information technology services provider’s stock valued at $5,368,000 after purchasing an additional 3,741 shares in the last quarter. Hudson Bay Capital Management LP lifted its position in shares of Accenture by 121.6% in the 3rd quarter. Hudson Bay Capital Management LP now owns 2,804 shares of the information technology services provider’s stock worth $691,000 after purchasing an additional 15,766 shares during the period. Finally, Alecta Tjanstepension Omsesidigt increased its holdings in Accenture by 13.3% during the third quarter. Alecta Tjanstepension Omsesidigt now owns 630,000 shares of the information technology services provider’s stock valued at $155,371,000 after buying an additional 74,000 shares during the period. Institutional investors own 75.14% of the company’s stock.

About Accenture

(Get Free Report)

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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