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 the business’s stock in a transaction on 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 owns 161,581 shares in the company, valued at $51,045,053.71. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

NYSE ACN opened at $316.00 on Friday. Accenture plc has a 12 month low of $261.68 and a 12 month high of $387.51. The company has a 50-day moving average of $356.30 and a 200-day moving average of $341.77. The company has a market cap of $211.95 billion, a P/E ratio of 28.65, a P/E/G ratio of 2.98 and a beta of 1.19.

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

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th will be paid a dividend of $1.29 per share. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Wednesday, April 10th. Accenture’s dividend payout ratio is currently 46.78%.

Analyst Upgrades and Downgrades

Several brokerages have commented on ACN. Citigroup decreased their target price on shares of Accenture from $430.00 to $400.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. BMO Capital Markets decreased their price objective on shares of Accenture from $385.00 to $375.00 and set a “market perform” rating on the stock in a research report on Friday, March 22nd. Bank of America boosted their price objective on shares of Accenture from $379.00 to $419.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Royal Bank of Canada boosted their price objective on shares of Accenture from $374.00 to $381.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Finally, Mizuho reiterated a “buy” rating and issued a $398.00 price objective (down from $426.00) on shares of Accenture in a research report on Friday, March 22nd. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $387.00.

Institutional Trading of Accenture

A number of institutional investors and hedge funds have recently bought and sold shares of ACN. Norges Bank acquired a new stake in Accenture during the 4th quarter worth approximately $1,850,765,000. Moneta Group Investment Advisors LLC increased its position in Accenture by 101,214.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,040,402 shares of the information technology services provider’s stock worth $1,078,141,000 after purchasing an additional 4,036,414 shares in the last quarter. Morgan Stanley increased its position in Accenture by 14.9% during the 4th quarter. Morgan Stanley now owns 16,642,841 shares of the information technology services provider’s stock worth $4,440,976,000 after purchasing an additional 2,163,582 shares in the last quarter. Legal & General Group Plc increased its position in Accenture by 20.2% during the 4th quarter. Legal & General Group Plc now owns 5,879,123 shares of the information technology services provider’s stock worth $2,063,048,000 after purchasing an additional 989,157 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Accenture by 100.0% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,751,531 shares of the information technology services provider’s stock worth $614,615,000 after purchasing an additional 875,723 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

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.