Accenture (NYSE:ACN) CEO Julie Spellman Sweet Sells 1,694 Shares

Accenture PLC (NYSE:ACN) CEO Julie Spellman Sweet sold 1,694 shares of Accenture stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $288.30, for a total transaction of $488,380.20. Following the completion of the transaction, the chief executive officer directly owned 37,346 shares in the company, valued at $10,766,851.80. This trade represents a 4.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, November 5th, Julie Spellman Sweet sold 5,917 shares of Accenture stock. The shares were sold at an average price of $246.62, for a total value of $1,459,250.54.
• On Wednesday, October 29th, Julie Spellman Sweet sold 9,000 shares of Accenture stock. The shares were sold at an average price of $253.40, for a total transaction of $2,280,600.00.
• On Wednesday, October 22nd, Julie Spellman Sweet sold 9,000 shares of Accenture stock. The shares were sold at an average price of $249.57, for a total transaction of $2,246,130.00.

Accenture Price Performance

Shares of NYSE ACN traded down $0.12 during midday trading on Thursday, reaching $288.42. 5,742,864 shares of the company were exchanged, compared to its average volume of 4,510,056. Accenture PLC has a one year low of $229.40 and a one year high of $398.35. The stock has a market cap of $177.55 billion, a P/E ratio of 23.84, a PEG ratio of 2.67 and a beta of 1.25. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16. The stock’s 50-day moving average price is $262.44 and its 200-day moving average price is $259.31.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.21. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The business had revenue of $18.74 billion during the quarter, compared to analysts’ expectations of $18.51 billion. During the same quarter in the prior year, the firm earned $3.59 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, sell-side analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Tuesday, January 13th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, January 13th. Accenture’s dividend payout ratio is presently 53.88%.

Institutional Trading of Accenture

Large investors have recently made changes to their positions in the company. PFG Private Wealth Management LLC bought a new stake in Accenture in the 4th quarter valued at about $402,000. Frank Rimerman Advisors LLC grew its stake in Accenture by 8.1% in the fourth quarter. Frank Rimerman Advisors LLC now owns 8,795 shares of the information technology services provider’s stock valued at $2,360,000 after acquiring an additional 658 shares during the period. Nilsine Partners LLC raised its position in shares of Accenture by 5.2% during the fourth quarter. Nilsine Partners LLC now owns 3,195 shares of the information technology services provider’s stock worth $857,000 after purchasing an additional 158 shares during the period. LeConte Wealth Management LLC lifted its holdings in shares of Accenture by 41.8% in the 4th quarter. LeConte Wealth Management LLC now owns 2,278 shares of the information technology services provider’s stock worth $611,000 after purchasing an additional 672 shares in the last quarter. Finally, Bright Rock Capital Management LLC grew its position in Accenture by 25.0% in the 4th quarter. Bright Rock Capital Management LLC now owns 35,000 shares of the information technology services provider’s stock valued at $9,390,000 after purchasing an additional 7,000 shares during the period. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Argus lowered their price objective on Accenture from $370.00 to $335.00 and set a “buy” rating for the company in a research report on Monday, December 29th. Truist Financial began coverage on shares of Accenture in a research report on Tuesday, January 6th. They issued a “buy” rating and a $317.00 price target on the stock. Susquehanna lifted their target price on shares of Accenture from $270.00 to $277.00 and gave the stock a “neutral” rating in a research note on Friday, December 19th. BMO Capital Markets reaffirmed a “market perform” rating and set a $300.00 price target on shares of Accenture in a research report on Thursday, December 18th. Finally, TD Cowen boosted their price objective on Accenture from $295.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $297.20.

Accenture Company Profile

Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.

The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.