Jean-Marc Ollagnier Sells 6,250 Shares of Accenture plc (NYSE:ACN) Stock

Accenture plc (NYSE:ACN) CEO Jean-Marc Ollagnier sold 6,250 shares of Accenture stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $315.91, for a total transaction of $1,974,437.50. Following the sale, the chief executive officer now directly owns 161,581 shares of the company’s stock, valued at approximately $51,045,053.71. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Jean-Marc Ollagnier also recently made the following trade(s):

• On Friday, January 19th, Jean-Marc Ollagnier sold 6,250 shares of Accenture stock. The stock was sold at an average price of $362.77, for a total transaction of $2,267,312.50.

Accenture Price Performance

ACN stock opened at $314.73 on Thursday. The company has a 50 day simple moving average of $357.35 and a 200 day simple moving average of $341.95. The stock has a market cap of $211.10 billion, a price-to-earnings ratio of 28.53, a P/E/G ratio of 2.97 and a beta of 1.19. Accenture plc has a 1 year low of $261.68 and a 1 year high of $387.51.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.11. The business had revenue of $15.80 billion during the quarter, compared to analysts’ expectations of $15.85 billion. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.69 EPS. On average, equities research analysts anticipate that Accenture plc will post 12.09 EPS for the current fiscal year.

Accenture Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th will be issued a dividend of $1.29 per share. This represents a $5.16 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Wednesday, April 10th. Accenture’s payout ratio is 46.78%.

Institutional Investors Weigh In On Accenture

Institutional investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. grew its holdings in Accenture by 2.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,284,770 shares of the information technology services provider’s stock worth $1,315,832,000 after acquiring an additional 96,414 shares during the last quarter. Redwood Investments LLC grew its holdings in Accenture by 8.3% during the 4th quarter. Redwood Investments LLC now owns 20,227 shares of the information technology services provider’s stock worth $7,098,000 after acquiring an additional 1,542 shares during the last quarter. Dash Acquisitions Inc. grew its holdings in Accenture by 1.0% during the 3rd quarter. Dash Acquisitions Inc. now owns 34,043 shares of the information technology services provider’s stock worth $10,361,000 after acquiring an additional 330 shares during the last quarter. Chicago Capital LLC grew its holdings in Accenture by 284.7% during the 4th quarter. Chicago Capital LLC now owns 12,677 shares of the information technology services provider’s stock worth $4,449,000 after acquiring an additional 9,382 shares during the last quarter. Finally, Fortress Wealth Group LLC boosted its stake in shares of Accenture by 5.4% in the 3rd quarter. Fortress Wealth Group LLC now owns 1,220 shares of the information technology services provider’s stock valued at $374,000 after purchasing an additional 62 shares during the last quarter. 75.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

ACN has been the subject of several research analyst reports. BMO Capital Markets reduced their target price on shares of Accenture from $385.00 to $375.00 and set a “market perform” rating for the company in a report on Friday, March 22nd. Redburn Atlantic lifted their target price on shares of Accenture from $410.00 to $445.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Stifel Nicolaus lifted their price objective on shares of Accenture from $363.00 to $395.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Guggenheim assumed coverage on shares of Accenture in a research note on Tuesday, March 19th. They issued a “buy” rating and a $425.00 price objective for the company. Finally, Susquehanna reiterated a “neutral” rating and issued a $360.00 price objective (down previously from $400.00) on shares of Accenture in a research note on Thursday, March 21st. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $387.00.

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.