Representative Jared Moskowitz (D-Florida) recently bought shares of Accenture plc NYSE: ACN. In a filing disclosed on December 09th, the Representative disclosed that they had bought between $1,001 and $15,000 in Accenture stock on November 8th. The trade occurred in the Representative's "MORGAN STANLEY ACTIVE ASSETS (1)" account.
Representative Jared Moskowitz also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of Elevance Health NYSE: ELV on 11/8/2024.
- Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 11/8/2024.
- Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 11/8/2024.
- Purchased $1,001 - $15,000 in shares of QUALCOMM NASDAQ: QCOM on 11/8/2024.
- Purchased $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 11/8/2024.
- Purchased $1,001 - $15,000 in shares of Tractor Supply NASDAQ: TSCO on 11/8/2024.
- Purchased $1,001 - $15,000 in shares of McDonald's NYSE: MCD on 11/8/2024.
- Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 11/8/2024.
- Sold $50,001 - $100,000 in shares of Seacoast Banking Co. of Florida NASDAQ: SBCF on 11/8/2024.
- Sold $15,001 - $50,000 in shares of Seacoast Banking Co. of Florida NASDAQ: SBCF on 11/8/2024.
Accenture Price Performance
NYSE ACN traded up $3.48 on Tuesday, hitting $362.98. The company had a trading volume of 2,157,820 shares, compared to its average volume of 2,692,646. The company has a market capitalization of $226.92 billion, a PE ratio of 31.75, a PEG ratio of 3.22 and a beta of 1.24. Accenture plc has a 12-month low of $278.69 and a 12-month high of $387.51. The company's fifty day moving average price is $360.26 and its 200-day moving average price is $333.42.
Accenture (NYSE:ACN - Get Free Report) last issued its quarterly earnings results on Thursday, September 26th. The information technology services provider reported $2.79 earnings per share for the quarter, beating analysts' consensus estimates of $2.78 by $0.01. Accenture had a net margin of 11.20% and a return on equity of 26.83%. The firm had revenue of $16.41 billion for the quarter, compared to analyst estimates of $16.37 billion. During the same period last year, the company posted $2.71 EPS. Accenture's quarterly revenue was up 2.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Accenture plc will post 12.76 EPS for the current year.
Accenture Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 10th were issued a $1.48 dividend. This is a boost from Accenture's previous quarterly dividend of $1.29. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $5.92 dividend on an annualized basis and a yield of 1.63%. Accenture's dividend payout ratio is presently 51.79%.
Accenture announced that its board has initiated a share repurchase plan on Thursday, September 26th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the information technology services provider to buy up to 1.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are undervalued.
Insider Activity at Accenture
In other Accenture news, CEO Ryoji Sekido sold 3,191 shares of the company's stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $343.70, for a total transaction of $1,096,746.70. Following the completion of the sale, the chief executive officer now directly owns 6 shares of the company's stock, valued at $2,062.20. This represents a 99.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Julie Spellman Sweet sold 9,000 shares of the company's stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $376.16, for a total value of $3,385,440.00. Following the sale, the chief executive officer now owns 20,324 shares of the company's stock, valued at $7,645,075.84. This trade represents a 30.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,298 shares of company stock valued at $13,372,661 in the last ninety days. Insiders own 0.07% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on ACN. Piper Sandler Companies restated a "neutral" rating and issued a $329.00 price objective on shares of Accenture in a report on Friday, September 20th. The Goldman Sachs Group raised shares of Accenture from a "neutral" rating to a "buy" rating and raised their target price for the stock from $370.00 to $420.00 in a research note on Friday. Bank of America upped their price target on Accenture from $365.00 to $388.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Mizuho upped their target price on Accenture from $352.00 to $365.00 and gave the company an "outperform" rating in a report on Wednesday, September 18th. Finally, JPMorgan Chase & Co. reduced their price target on Accenture from $376.00 to $370.00 and set an "overweight" rating on the stock in a report on Tuesday, September 24th. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $372.09.
Check Out Our Latest Research Report on Accenture
Hedge Funds Weigh In On Accenture
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Morse Asset Management Inc acquired a new position in Accenture during the 3rd quarter worth approximately $25,000. Unique Wealth Strategies LLC acquired a new position in shares of Accenture during the 2nd quarter worth about $26,000. MidAtlantic Capital Management Inc. acquired a new position in Accenture in the third quarter valued at approximately $30,000. Mowery & Schoenfeld Wealth Management LLC increased its stake in Accenture by 607.1% in the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the information technology services provider's stock valued at $35,000 after purchasing an additional 85 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC purchased a new stake in shares of Accenture during the 3rd quarter worth approximately $39,000. Hedge funds and other institutional investors own 75.14% of the company's stock.
About Representative Moskowitz
Jared Evan Moskowitz (Democratic Party) is a member of the U.S. House, representing Florida's 23rd Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2025. Moskowitz (Democratic Party) is running for re-election to the U.S. House to represent Florida's 23rd Congressional District. He declared candidacy for the Democratic primary scheduled on August 20, 2024. Moskowitz resigned his state House seat on January 11, 2019, to head the state's Division of Emergency Management. Jared Evan Moskowitz was born in Coral Springs, Florida. Moskowitz graduated from Marjory Stoneman Douglas High School. He earned a bachelor's degree in political science and government from George Washington University in 2003 and a law degree from Nova Southeastern University in 2007. Moskowitz's career experience includes working as the director of the Florida Division of Emergency Management and general counsel with AshBritt Inc.
Accenture Company Profile
(
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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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