Accenture PLC (NYSE:ACN – Get Free Report) declared a quarterly dividend on Thursday, October 1st. Stockholders of record on Tuesday, October 13th will be given a dividend of $1.71 per share by the information technology services provider on Friday, November 13th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, October 13th. This is a 4.9% increase from Accenture’s previous quarterly dividend of $1.63.
Accenture has increased its dividend payment by an average of 0.1%per year 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% meaning its dividend is sufficiently covered by earnings. Analysts expect Accenture to earn $14.63 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 44.6%.
Accenture Stock Performance
Shares of Accenture stock traded down $10.52 during mid-day trading on Friday, hitting $201.78. 2,174,353 shares of the stock were exchanged, compared to its average volume of 6,952,999. Accenture has a 12 month low of $118.15 and a 12 month high of $291.09. The company has a 50-day simple moving average of $179.87 and a 200 day simple moving average of $173.46. The company has a market capitalization of $134.75 billion, a P/E ratio of 16.17, a P/E/G ratio of 1.51 and a beta of 1.11. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.34 and a current ratio of 1.34.
Insider Activity at Accenture
In related news, General Counsel Joel Unruch sold 10,498 shares of the stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $162.98, for a total value of $1,710,964.04. Following the sale, the general counsel owned 17,735 shares in the company, valued at approximately $2,890,450.30. This trade represents a 37.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is owned by company insiders.
Institutional Investors Weigh In On Accenture
Several hedge funds have recently added to or reduced their stakes in ACN. First Command Advisory Services Inc. boosted its position in Accenture by 10.9% in the 4th quarter. First Command Advisory Services Inc. now owns 499 shares of the information technology services provider’s stock valued at $134,000 after buying an additional 49 shares during the period. Claret Asset Management Corp raised its stake in shares of Accenture by 4.6% in the fourth quarter. Claret Asset Management Corp now owns 1,143 shares of the information technology services provider’s stock valued at $307,000 after acquiring an additional 50 shares in the last quarter. Hibernia Wealth Partners LLC raised its stake in shares of Accenture by 4.5% in the first quarter. Hibernia Wealth Partners LLC now owns 1,354 shares of the information technology services provider’s stock valued at $269,000 after acquiring an additional 58 shares in the last quarter. City National Bank of Florida MSD boosted its holdings in Accenture by 5.8% in the fourth quarter. City National Bank of Florida MSD now owns 1,073 shares of the information technology services provider’s stock valued at $288,000 after purchasing an additional 59 shares during the period. Finally, Kennebec Savings Bank grew its stake in Accenture by 38.0% during the 1st quarter. Kennebec Savings Bank now owns 218 shares of the information technology services provider’s stock worth $43,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.
Accenture Company Profile
Accenture plc (NYSE: ACN) is a global professional services company that helps organizations improve performance, modernize operations and respond to technological and market changes. Its services span strategy and consulting, technology, operations, and managed services, with expertise across industries including communications, financial services, health care, public service, retail, manufacturing and resources.
The company provides digital transformation, cloud migration, data and artificial intelligence, cybersecurity, systems integration and technology implementation services.
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