Accenture plc (NYSE:ACN) Insider Angela Beatty Sells 169 Shares

Accenture plc (NYSE:ACN - Get Free Report) insider Angela Beatty sold 169 shares of the business's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $281.90, for a total value of $47,641.10. Following the transaction, the insider now owns 5,364 shares of the company's stock, valued at $1,512,111.60. This represents a 3.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Angela Beatty also recently made the following trade(s):

• On Friday, January 17th, Angela Beatty sold 961 shares of Accenture stock. The stock was sold at an average price of $354.47, for a total transaction of $340,645.67.

Accenture Trading Down 1.0 %

ACN stock traded down $2.96 during mid-day trading on Friday, reaching $282.28. 2,320,335 shares of the stock traded hands, compared to its average volume of 3,007,591. The stock's fifty day moving average is $326.22 and its 200-day moving average is $349.73. The company has a market cap of $176.80 billion, a P/E ratio of 23.68, a P/E/G ratio of 3.23 and a beta of 1.32. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. Accenture plc has a 52-week low of $275.01 and a 52-week 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.81 by $0.01. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The company had revenue of $16.70 billion during the quarter, compared to analyst estimates of $16.64 billion. During the same quarter in the prior year, the company earned $2.77 earnings per share. The company's revenue for the quarter was up 5.7% on a year-over-year basis. As a group, sell-side analysts expect 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. Shareholders of record on Thursday, April 10th will be paid a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Thursday, April 10th. Accenture's dividend payout ratio (DPR) is currently 48.89%.

Analyst Upgrades and Downgrades

Several research firms have commented on ACN. Wolfe Research upgraded shares of 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. Royal Bank of Canada cut their target price on Accenture from $399.00 to $392.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Guggenheim decreased their price target on Accenture from $400.00 to $395.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Baird R W upgraded shares of Accenture from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Finally, UBS Group decreased their target price on shares of Accenture from $455.00 to $387.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Accenture presently has a consensus rating of "Moderate Buy" and a consensus target price of $377.82.

Institutional Trading of Accenture

Several hedge funds and other institutional investors have recently modified their holdings of the company. Morse Asset Management Inc purchased a new stake in shares of Accenture during the 3rd quarter worth about $25,000. FPC Investment Advisory Inc. raised its position in Accenture by 62.2% during the fourth quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider's stock valued at $28,000 after acquiring an additional 28 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Accenture in the fourth quarter worth approximately $30,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Accenture during the 4th quarter worth $30,000. Finally, POM Investment Strategies LLC raised its holdings in shares of Accenture by 64.2% during the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider's stock valued at $31,000 after purchasing an additional 34 shares in the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

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.