Accenture Sees Unusually Large Options Volume (NYSE:ACN)

Accenture plc (NYSE:ACNGet Rating) saw unusually large options trading on Thursday. Stock traders bought 5,442 put options on the stock. This represents an increase of approximately 19% compared to the average daily volume of 4,571 put options.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ACN. Jefferies Financial Group cut their target price on shares of Accenture from $342.00 to $310.00 and set a “hold” rating for the company in a research report on Wednesday, September 14th. Citigroup decreased their price objective on shares of Accenture from $400.00 to $330.00 and set a “buy” rating for the company in a research note on Friday, June 24th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Accenture from $440.00 to $364.00 in a research note on Friday, June 17th. Cowen cut their price target on shares of Accenture from $330.00 to $325.00 and set an “outperform” rating on the stock in a report on Friday, June 24th. Finally, Bank of America dropped their target price on shares of Accenture from $443.00 to $374.00 and set a “buy” rating on the stock in a report on Friday, June 17th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $351.67.

Accenture Stock Down 1.2 %

Accenture stock opened at $262.32 on Friday. Accenture has a 52 week low of $261.77 and a 52 week high of $417.37. The business has a 50-day simple moving average of $294.97 and a 200 day simple moving average of $299.75. The stock has a market cap of $165.93 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 2.28 and a beta of 1.22.

Accenture (NYSE:ACNGet Rating) last posted its quarterly earnings data on Thursday, September 22nd. The information technology services provider reported $2.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.57 by $0.03. Accenture had a return on equity of 31.50% and a net margin of 11.13%. The firm had revenue of $15.42 billion during the quarter, compared to analysts’ expectations of $15.41 billion. During the same period in the prior year, the business earned $2.20 EPS. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. On average, research analysts anticipate that Accenture will post 10.69 earnings per share for the current year.

Accenture Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Thursday, October 13th will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 1.71%. This is a positive change from Accenture’s previous quarterly dividend of $0.97. Accenture’s dividend payout ratio is currently 37.63%.

Insider Buying and Selling

In other news, General Counsel Joel Unruch sold 555 shares of Accenture stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $300.00, for a total transaction of $166,500.00. Following the completion of the sale, the general counsel now owns 25,601 shares of the company’s stock, valued at $7,680,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Accenture news, General Counsel Joel Unruch sold 555 shares of the company’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $300.00, for a total value of $166,500.00. Following the sale, the general counsel now directly owns 25,601 shares of the company’s stock, valued at $7,680,300. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jean-Marc Ollagnier sold 6,250 shares of the company’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $270.93, for a total transaction of $1,693,312.50. Following the transaction, the insider now owns 159,630 shares of the company’s stock, valued at approximately $43,248,555.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,389 shares of company stock worth $3,132,777. Corporate insiders own 0.07% of the company’s stock.

Institutional Trading of Accenture

Several institutional investors have recently added to or reduced their stakes in the business. Paradigm Financial Partners LLC lifted its holdings in Accenture by 0.3% during the fourth quarter. Paradigm Financial Partners LLC now owns 10,429 shares of the information technology services provider’s stock valued at $4,323,000 after purchasing an additional 35 shares during the last quarter. BNC Wealth Management LLC lifted its holdings in shares of Accenture by 0.4% in the first quarter. BNC Wealth Management LLC now owns 9,924 shares of the information technology services provider’s stock worth $3,347,000 after buying an additional 35 shares in the last quarter. Klingman & Associates LLC increased its position in shares of Accenture by 3.7% in the second quarter. Klingman & Associates LLC now owns 993 shares of the information technology services provider’s stock worth $276,000 after purchasing an additional 35 shares during the last quarter. Bray Capital Advisors increased its position in shares of Accenture by 0.3% in the second quarter. Bray Capital Advisors now owns 11,292 shares of the information technology services provider’s stock worth $3,135,000 after purchasing an additional 35 shares during the last quarter. Finally, Pinnacle Wealth Planning Services Inc. increased its position in shares of Accenture by 0.7% in the second quarter. Pinnacle Wealth Planning Services Inc. now owns 5,130 shares of the information technology services provider’s stock worth $1,424,000 after purchasing an additional 35 shares during the last quarter. 73.73% of the stock is currently owned by hedge funds and other institutional investors.

Accenture Company Profile

(Get Rating)

Accenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operations services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management, intelligent automation comprises robotic process automation, natural language processing, and virtual agents, and liquid application management services, as well as program, project, and service management services; strategy consulting services; critical data elements, data management and governance, data platform and architecture, product-based organization and skills, business adoption, and value realization services; engineering, and research and development digitization; smart connected product design and development; product platform engineering and modernization; product as-a-service enablement; products related to production and operations; autonomous robotics systems; the digital transformation of capital projects; and digital industrial workforce solutions.

See Also

Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.