Accenture (NYSE:ACN) CEO Ryoji Sekido Sells 5,844 Shares of Company Stock

by · The Markets Daily

Accenture PLC (NYSE:ACN – Get Free Report) CEO Ryoji Sekido sold 5,844 shares of the stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $244.84, for a total value of $1,430,844.96. Following the completion of the sale, the chief executive officer directly owned 1,194 shares of the company’s stock, valued at approximately $292,338.96. The trade was a 83.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Accenture Stock Performance

Shares of NYSE ACN traded up $18.85 during midday trading on Thursday, hitting $259.11. 8,291,628 shares of the company’s stock were exchanged, compared to its average volume of 7,007,351. The company has a quick ratio of 1.34, a current ratio of 1.43 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $173.04 billion, a PE ratio of 19.11, a price-to-earnings-growth ratio of 1.84 and a beta of 1.11. Accenture PLC has a 12 month low of $118.15 and a 12 month high of $291.09. The company’s 50 day moving average price is $192.96 and its 200 day moving average price is $175.23.

Accenture (NYSE:ACN – Get Free Report) last issued its quarterly earnings data on Thursday, October 1st. The information technology services provider reported $3.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.11. The firm had revenue of $18.68 billion during the quarter, compared to the consensus estimate of $18.03 billion. Accenture had a net margin of 11.28% and a return on equity of 26.53%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the business posted $3.03 earnings per share. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. As a group, analysts predict that Accenture PLC will post 14.68 earnings per share for the current fiscal year.

Accenture Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Tuesday, October 13th will be paid a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a yield of 2.6%. This is a boost from Accenture’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Tuesday, October 13th. Accenture’s payout ratio is presently 50.44%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ACN. Dogwood Wealth Management LLC boosted its position in shares of Accenture by 147.1% during the 2nd quarter. Dogwood Wealth Management LLC now owns 215 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 128 shares in the last quarter. IMG Wealth Management Inc. increased its holdings in Accenture by 134.8% in the first quarter. IMG Wealth Management Inc. now owns 155 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 89 shares in the last quarter. Arlington Trust Co LLC lifted its stake in Accenture by 110.4% in the second quarter. Arlington Trust Co LLC now owns 284 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 149 shares during the period. S&G Foundation bought a new position in shares of Accenture during the 2nd quarter worth approximately $37,000. Finally, Whipplewood Advisors LLC grew its position in shares of Accenture by 57.9% during the 1st quarter. Whipplewood Advisors LLC now owns 210 shares of the information technology services provider’s stock worth $42,000 after buying an additional 77 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

ACN has been the subject of several recent analyst reports. UBS Group set a $278.00 target price on Accenture in a research note on Thursday, October 15th. Argus boosted their price target on Accenture from $220.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, October 2nd. Mizuho upped their price objective on Accenture from $226.00 to $241.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 6th. Truist Financial raised their price objective on Accenture from $150.00 to $220.00 and gave the company a “hold” rating in a research note on Friday, October 2nd. Finally, Guggenheim reiterated a “neutral” rating on shares of Accenture in a research report on Friday, October 2nd. Ten equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Accenture currently has a consensus rating of “Hold” and an average target price of $219.52.

Get Our Latest Stock Analysis on Accenture

Accenture Company Profile

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Accenture plc is a global professional services company that helps organizations transform their businesses through consulting, technology and managed services. Its work spans strategy and consulting, technology implementation, operations, and interactive customer experiences.

The company provides services in areas including cloud computing, artificial intelligence, cybersecurity, data and analytics, digital engineering, enterprise software, systems integration and business process outsourcing.

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