Julie Spellman Sweet Sells 2,284 Shares of Accenture plc (NYSE:ACN) Stock

Accenture plc (NYSE:ACN - Get Free Report) CEO Julie Spellman Sweet sold 2,284 shares of Accenture stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $281.63, for a total transaction of $643,242.92. Following the completion of the transaction, the chief executive officer now owns 9,965 shares of the company's stock, valued at $2,806,442.95. This trade represents a 18.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Julie Spellman Sweet also recently made the following trade(s):

• On Wednesday, February 5th, Julie Spellman Sweet sold 8,793 shares of Accenture stock. The stock was sold at an average price of $394.47, for a total transaction of $3,468,574.71.
• On Friday, January 17th, Julie Spellman Sweet sold 2,497 shares of Accenture stock. The stock was sold at an average price of $354.48, for a total value of $885,136.56.

Accenture Stock Down 1.0 %

NYSE ACN traded down $2.96 on Friday, reaching $282.28. The company had a trading volume of 2,320,335 shares, compared to its average volume of 3,007,591. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. The firm has a market capitalization of $176.80 billion, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32. The company's fifty day moving average is $326.22 and its 200-day moving average is $349.73. Accenture plc has a 1-year low of $275.01 and a 1-year high of $398.35.

Accenture (NYSE:ACN - Get Free Report) last released its earnings results on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, beating the consensus estimate of $2.81 by $0.01. The firm had revenue of $16.70 billion for the quarter, compared to analysts' expectations of $16.64 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The business's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.77 EPS. On average, research analysts forecast that Accenture plc will post 12.73 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th will be paid a dividend of $1.48 per share. The ex-dividend date is Thursday, April 10th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 2.10%. Accenture's dividend payout ratio is 48.89%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Morse Asset Management Inc acquired a new stake in Accenture in the third quarter valued at $25,000. SkyView Investment Advisors LLC lifted its stake in Accenture by 1.9% in the 3rd quarter. SkyView Investment Advisors LLC now owns 1,796 shares of the information technology services provider's stock valued at $635,000 after purchasing an additional 33 shares during the last quarter. Anchor Investment Management LLC grew its holdings in Accenture by 8.4% during the third quarter. Anchor Investment Management LLC now owns 6,135 shares of the information technology services provider's stock worth $2,169,000 after purchasing an additional 474 shares during the period. Arvest Bank Trust Division acquired a new position in Accenture during the third quarter worth approximately $18,115,000. Finally, Wilmington Savings Fund Society FSB boosted its stake in shares of Accenture by 2.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 41,175 shares of the information technology services provider's stock worth $14,555,000 after acquiring an additional 1,015 shares during the period. 75.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ACN shares. Baird R W upgraded Accenture from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Robert W. Baird upgraded shares of Accenture from a "neutral" rating to an "outperform" rating and set a $390.00 price target for the company in a research report on Monday, March 17th. UBS Group cut their price objective on shares of Accenture from $455.00 to $387.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Stifel Nicolaus dropped their target price on shares of Accenture from $390.00 to $380.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Finally, Jefferies Financial Group reduced their price target on Accenture from $385.00 to $355.00 and set a "hold" rating on the stock in a research report on Tuesday, January 21st. 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $377.82.

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.