Accenture plc (NYSE:ACN) CEO Julie Spellman Sweet Sells 2,284 Shares

by · The Markets Daily

Accenture plc (NYSE:ACN – Get Free Report) CEO Julie Spellman Sweet sold 2,284 shares of the firm’s stock in a transaction on Friday, April 11th. The stock was sold at an average price of $281.63, for a total value of $643,242.92. Following the completion of the transaction, the chief executive officer now directly owns 9,965 shares of the company’s stock, valued at approximately $2,806,442.95. This trade represents a 18.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Julie Spellman Sweet also recently made the following trade(s):

  • On Wednesday, February 5th, Julie Spellman Sweet sold 8,793 shares of Accenture stock. The stock was sold at an average price of $394.47, for a total transaction of $3,468,574.71.
  • On Friday, January 17th, Julie Spellman Sweet sold 2,497 shares of Accenture stock. The shares were sold at an average price of $354.48, for a total transaction of $885,136.56.

Accenture Stock Performance

ACN opened at $289.93 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. The company has a market capitalization of $181.59 billion, a price-to-earnings ratio of 24.32, a P/E/G ratio of 3.23 and a beta of 1.32. Accenture plc has a 1 year low of $275.01 and a 1 year high of $398.35. The business’s 50-day moving average price is $334.44 and its two-hundred day moving average price is $351.59.

Accenture (NYSE:ACN – Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.01. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The firm had revenue of $16.70 billion for the quarter, compared to analyst estimates of $16.64 billion. During the same period in the previous year, the business earned $2.77 EPS. The company’s revenue was up 5.7% compared to the same quarter last year. Equities analysts expect that Accenture plc will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th will be given a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Thursday, April 10th. Accenture’s dividend payout ratio (DPR) is presently 48.89%.

Institutional Investors Weigh In On Accenture

Several hedge funds have recently bought and sold shares of ACN. Visionary Wealth Advisors boosted its stake in shares of Accenture by 3.5% during the 4th quarter. Visionary Wealth Advisors now owns 778 shares of the information technology services provider’s stock worth $274,000 after acquiring an additional 26 shares during the period. Vivaldi Capital Management LP raised its position in shares of Accenture by 3.6% in the fourth quarter. Vivaldi Capital Management LP now owns 782 shares of the information technology services provider’s stock valued at $292,000 after purchasing an additional 27 shares during the period. Newbridge Financial Services Group Inc. boosted its holdings in shares of Accenture by 5.7% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 518 shares of the information technology services provider’s stock worth $182,000 after buying an additional 28 shares during the period. FPC Investment Advisory Inc. raised its holdings in Accenture by 62.2% in the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock valued at $28,000 after acquiring an additional 28 shares during the period. Finally, New England Professional Planning Group Inc. lifted its position in Accenture by 4.6% during the fourth quarter. New England Professional Planning Group Inc. now owns 655 shares of the information technology services provider’s stock worth $230,000 after acquiring an additional 29 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on ACN. Piper Sandler lowered their target price on Accenture from $396.00 to $364.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. Barclays dropped their price objective on Accenture from $415.00 to $390.00 and set an “overweight” rating for the company in a report on Monday, March 24th. StockNews.com lowered shares of Accenture from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. Jefferies Financial Group cut their price objective on shares of Accenture from $385.00 to $355.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. Finally, UBS Group dropped their target price on shares of Accenture from $455.00 to $387.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Eight investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Accenture currently has an average rating of “Moderate Buy” and an average target price of $378.23.

Read Our Latest Research Report on ACN

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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