Accenture (NYSE:ACN) CEO Julie Spellman Sweet Sells 6,057 Shares of Stock

Accenture PLC (NYSE:ACN) CEO Julie Spellman Sweet sold 6,057 shares of Accenture stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $241.23, for a total transaction of $1,461,130.11. Following the transaction, the chief executive officer owned 15,255 shares in the company, valued at approximately $3,679,963.65. This trade represents a 28.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Wednesday, January 14th, Julie Spellman Sweet sold 1,694 shares of Accenture stock. The shares were sold at an average price of $288.30, for a total value of $488,380.20.

Accenture Price Performance

Shares of Accenture stock opened at $241.02 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16. Accenture PLC has a 52 week low of $229.40 and a 52 week high of $392.02. The stock’s 50-day simple moving average is $269.39 and its 200-day simple moving average is $255.72. The company has a market capitalization of $148.37 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 2.28 and a beta of 1.24.

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, beating the consensus estimate of $3.73 by $0.21. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The company had revenue of $18.74 billion for the quarter, compared to the consensus estimate of $18.51 billion. During the same quarter last year, the company earned $3.59 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. As a group, analysts expect that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Tuesday, January 13th will be given a dividend of $1.63 per share. The ex-dividend date is Tuesday, January 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.7%. Accenture’s dividend payout ratio is currently 53.88%.

Institutional Trading of Accenture

Several hedge funds and other institutional investors have recently bought and sold shares of ACN. Board of the Pension Protection Fund bought a new position in Accenture during the fourth quarter valued at $27,000. Laurel Wealth Advisors LLC bought a new position in Accenture during the 4th quarter valued at about $27,000. Investors Research Corp raised its position in Accenture by 73.8% in the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 45 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of Accenture by 132.6% during the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 61 shares during the period. Finally, Triumph Capital Management bought a new position in shares of Accenture during the third quarter valued at approximately $26,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on ACN shares. HSBC increased their price objective on shares of Accenture from $215.00 to $235.00 in a report on Friday, December 19th. Guggenheim increased their price target on Accenture from $285.00 to $305.00 and gave the company a “buy” rating in a research note on Monday, December 15th. UBS Group downgraded Accenture from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Truist Financial started coverage on Accenture in a research report on Tuesday, January 6th. They set a “buy” rating and a $317.00 target price for the company. Finally, Susquehanna boosted their price target on shares of Accenture from $270.00 to $277.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. Sixteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $298.38.

About Accenture

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.