Accenture (NYSE:ACN) Shares Unloaded Rep. Julie Johnson

Representative Julie Johnson (D-Texas) recently sold shares of Accenture plc NYSE: ACN. In a filing disclosed on April 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Accenture stock on March 3rd. The trade occurred in the Representative's "MERRILL LYNCH LONG TERM GROWTH" account.

Representative Julie Johnson also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Capital One Financial NYSE: COF on 3/21/2025.
• Sold $1,001 - $15,000 in shares of Accenture NYSE: ACN on 3/19/2025.
• Purchased $1,001 - $15,000 in shares of The Cigna Group NYSE: CI on 3/19/2025.
• Sold $1,001 - $15,000 in shares of Accenture NYSE: ACN on 3/14/2025.
• Sold $1,001 - $15,000 in shares of Accenture NYSE: ACN on 3/12/2025.
• Purchased $1,001 - $15,000 in shares of 3M NYSE: MMM on 3/12/2025.
• Sold $1,001 - $15,000 in shares of Webster Financial NYSE: WBS on 3/11/2025.
• Sold $1,001 - $15,000 in shares of Sonos NASDAQ: SONO on 3/11/2025.
• Sold $1,001 - $15,000 in shares of Taiwan Semiconductor Manufacturing NYSE: TSM on 3/11/2025.
• Sold $1,001 - $15,000 in shares of Teradyne NASDAQ: TER on 3/3/2025.

Accenture Price Performance

NYSE ACN traded up $5.36 on Tuesday, reaching $284.59. The company had a trading volume of 2,499,452 shares, compared to its average volume of 3,005,671. The firm's 50 day moving average price is $321.93 and its 200 day moving average price is $348.57. Accenture plc has a 12 month low of $275.01 and a 12 month high of $398.35. The stock has a market capitalization of $178.25 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17.

Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, beating analysts' consensus estimates of $2.81 by $0.01. The company had revenue of $16.70 billion during the quarter, compared to analyst estimates of $16.64 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The firm's revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.77 earnings per share. As a group, equities analysts predict that Accenture plc will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th will be issued a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Thursday, April 10th. Accenture's dividend payout ratio (DPR) is presently 48.89%.

Insider Activity

In other news, insider Angela Beatty sold 169 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of $281.90, for a total value of $47,641.10. Following the sale, the insider now directly owns 5,364 shares in the company, valued at approximately $1,512,111.60. This trade represents a 3.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Julie Spellman Sweet sold 8,793 shares of the company's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $394.47, for a total value of $3,468,574.71. Following the sale, the chief executive officer now owns 11,858 shares in the company, valued at approximately $4,677,625.26. This trade represents a 42.58 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,291 shares of company stock valued at $7,880,886. 0.02% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Accenture

Hedge funds have recently modified their holdings of the business. Brown Lisle Cummings Inc. boosted its holdings in shares of Accenture by 4.8% during the 1st quarter. Brown Lisle Cummings Inc. now owns 24,116 shares of the information technology services provider's stock worth $7,525,000 after purchasing an additional 1,106 shares during the last quarter. Palumbo Wealth Management LLC raised its stake in shares of Accenture by 29.4% in the 1st quarter. Palumbo Wealth Management LLC now owns 10,449 shares of the information technology services provider's stock valued at $3,260,000 after acquiring an additional 2,374 shares during the period. Moser Wealth Advisors LLC lifted its holdings in shares of Accenture by 32.8% in the 1st quarter. Moser Wealth Advisors LLC now owns 709 shares of the information technology services provider's stock worth $221,000 after acquiring an additional 175 shares during the last quarter. Flagship Harbor Advisors LLC raised its position in Accenture by 24.8% in the first quarter. Flagship Harbor Advisors LLC now owns 5,124 shares of the information technology services provider's stock valued at $1,599,000 after purchasing an additional 1,017 shares during the period. Finally, Crumly & Associates Inc. acquired a new position in Accenture during the first quarter worth $241,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on ACN. Jefferies Financial Group dropped their price objective on shares of Accenture from $385.00 to $355.00 and set a "hold" rating for the company in a research note on Tuesday, January 21st. Morgan Stanley cut their price target on shares of Accenture from $380.00 to $372.00 and set an "equal weight" rating on the stock in a report on Monday, March 17th. Wolfe Research upgraded Accenture from a "peer perform" rating to an "outperform" rating and set a $425.00 target price for the company in a research report on Wednesday, January 8th. Guggenheim dropped their price objective on shares of Accenture from $400.00 to $395.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Finally, Piper Sandler reduced their price target on Accenture from $364.00 to $355.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Eight investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $377.82.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas' 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. Johnson (Democratic Party) ran for election to the U.S. House to represent Texas' 32nd Congressional District. She won in the general election on November 5, 2024. Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson's career experience includes working as an attorney.

Accenture Company Profile

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.