Accenture PLC (NYSE:ACN – Get Free Report) CEO Julie Spellman Sweet sold 5,917 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $246.62, for a total value of $1,459,250.54. Following the completion of the transaction, the chief executive officer directly owned 8,599 shares of the company’s stock, valued at $2,120,685.38. This represents a 40.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Julie Spellman Sweet also recently made the following trade(s):
- On Wednesday, October 29th, Julie Spellman Sweet sold 9,000 shares of Accenture stock. The stock was sold at an average price of $253.40, for a total transaction of $2,280,600.00.
- On Wednesday, October 22nd, Julie Spellman Sweet sold 9,000 shares of Accenture stock. The shares were sold at an average price of $249.57, for a total transaction of $2,246,130.00.
Accenture Price Performance
Shares of NYSE:ACN opened at $245.87 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.42 and a current ratio of 1.42. Accenture PLC has a 52 week low of $229.40 and a 52 week high of $398.35. The firm has a market cap of $161.90 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 2.16 and a beta of 1.28. The firm’s fifty day moving average is $245.69 and its 200-day moving average is $274.72.
Accenture Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be issued a $1.63 dividend. The ex-dividend date is Friday, October 10th. This is a boost from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 annualized dividend and a yield of 2.7%. Accenture’s dividend payout ratio (DPR) is currently 53.66%.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in ACN. Investors Research Corp raised its position in shares of Accenture by 73.8% during the third quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 45 shares during the period. Harbor Capital Advisors Inc. raised its holdings in Accenture by 132.6% during the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock worth $26,000 after buying an additional 61 shares during the last quarter. Davis Capital Management bought a new position in shares of Accenture in the third quarter valued at $28,000. Elevation Wealth Partners LLC grew its holdings in shares of Accenture by 146.0% during the third quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 73 shares during the last quarter. Finally, Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of Accenture during the first quarter worth about $31,000. 75.14% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on ACN shares. Wells Fargo & Company began coverage on shares of Accenture in a research report on Tuesday, October 21st. They issued an “equal weight” rating and a $251.00 price target on the stock. Jefferies Financial Group reaffirmed a “hold” rating on shares of Accenture in a research report on Tuesday, September 30th. BNP Paribas Exane lowered their price objective on Accenture from $300.00 to $255.00 and set a “neutral” rating for the company in a research report on Wednesday, September 24th. Mizuho cut their target price on Accenture from $348.00 to $309.00 and set an “outperform” rating on the stock in a research report on Monday, September 29th. Finally, Evercore ISI set a $280.00 target price on Accenture in a report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $294.25.
Read Our Latest Analysis on ACN
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.
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