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Joel Unruch, General Counsel and Corporate Secretary at Accenture plc (NYSE:ACN), recently executed a series of stock sales totaling approximately $1,003,969. The transactions, which took place on April 11, involved the sale of 3,563 Class A ordinary shares at prices ranging from $278.532 to $284.9224 per share. The sale occurred as Accenture’s stock trades near its 52-week low of $275.01, with the current price at $289.79.
Following these transactions, Unruch holds 17,237 shares in the company. The sales were part of a pre-planned disposition under a Rule 10b5-1 Trading Plan, a common practice that allows company insiders to sell a predetermined number of shares at predetermined times. According to InvestingPro data, Accenture has maintained dividend payments for 21 consecutive years, with a current yield of 2.08%.
Accenture, a global professional services company with a market capitalization of $181.93 billion, continues to be a significant player in the business services sector, with its stock actively traded on the New York Stock Exchange under the ticker ACN. InvestingPro analysis reveals 12 additional key insights about Accenture’s financial health and market position, available to subscribers.
In other recent news, Accenture plc reported its second-quarter earnings, revealing a modest outperformance in both revenue and earnings per share (EPS) compared to consensus estimates. However, the company’s operating income slightly missed expectations, leading to a mixed financial outcome. Following these results, Piper Sandler lowered its price target for Accenture from $396 to $364, maintaining an Overweight rating, while Baird reduced its price target from $390 to $372, keeping an Outperform rating. Mizuho (NYSE:MFG) also adjusted its price target from $398 to $365 but continued to rate the company as Outperform.
Accenture’s updated guidance for fiscal year 2025 showed an increase in revenue and EPS projections, though operating margins are expected to narrow. Despite the stock’s recent volatility, analysts like Baird’s David Koning remain optimistic about Accenture’s strong market position and potential catalysts such as improvements in IT spending and advancements in General AI. Piper Sandler highlighted Accenture’s potential to benefit from AI initiatives, positioning the company favorably in the evolving IT services landscape. Meanwhile, Mizuho noted Accenture’s valuation as attractive, with a premium over the S&P 500 index, and expressed confidence in the company’s ability to capture market share amid economic shifts.
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