Accenture (NYSE: ACN) Releases FY 2022 Earnings Guidance

Accenture (NYSE: ACN – Get Rating) updated its FY 2022 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $ 10.61- $ 10.70 for the period, compared to the consensus estimate of $ 10.28. The company issued revenue guidance of $ 63.42 billion- $ 63.92 billion, compared to the consensus revenue estimate of $ 58.77 billion. Accenture also updated its Q4 2022 guidance to EPS.

ACN has been the topic of a number of research analyst reports. Morgan Stanley lowered their price target on Accenture from $ 480.00 to $ 390.00 and set an overweight rating on the stock in a report on Tuesday, June 14th. BMO Capital Markets lowered their price target on Accenture from $ 460.00 to $ 385.00 in a report on Friday, March 18th. Piper Sandler lowered their price target on Accenture from $ 433.00 to $ 368.00 and set a neutral rating on the stock in a report on Friday, March 18th. StockNews.com started coverage on Accenture in a report on Thursday, March 31st. They set a buy rating on the stock. Finally, The Goldman Sachs Group lowered their target price on Accenture from $ 446.00 to $ 386.00 and set a neutral rating on the stock in a report on Tuesday, March 15th. Six investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $ 375.85.

Shares of NYSE ACN opened at $ 286.40 on Thursday. Accenture has a one year low of $ 268.17 and a one year high of $ 417.37. The firm has a market capitalization of $ 181.55 billion, a PE ratio of 28.87, a PEG ratio of 2.62 and a beta of 1.24. The business has a 50-day moving average price of $ 295.63 and a two-hundred day moving average price of $ 330.28.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Thursday, July 14th will be given a dividend of $ 0.97 per share. This represents a $ 3.88 dividend on an annualized basis and a yield of 1.35%. Accenture’s payout ratio is presently 39.11%.

In other news, General Counsel Joel Unruch sold 470 shares of Accenture stock in a transaction dated Monday, April 18th. The stock was sold at an average price of $ 315.06, for a total transaction of $ 148,078.20. Following the completion of the sale, the general counsel now directly owns 26,427 shares in the company, valued at approximately $ 8,326,090.62. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Julie Spellman Sweet sold 3,287 shares of Accenture stock in a transaction dated Monday, April 18th. The shares were sold at an average price of $ 315.22, for a total value of $ 1,036,128.14. Following the sale, the chief executive officer now owns 19,836 shares of the company’s stock, valued at $ 6,252,703.92. The disclosure for this sale can be found here. Insiders have sold a total of 10,757 shares of the company’s stock valued at $ 3,386,681 over the last 90 days. Corporate insiders own 0.07% of the company’s stock.

Several institutional investors have recently made changes to their positions in ACN. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in Accenture by 1,057.9% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 220 shares of the information technology services provider’s stock worth $ 74,000 after purchasing an additional 201 shares during the last quarter. IHT Wealth Management LLC lifted its holdings in Accenture by 6.5% in the 1st quarter. IHT Wealth Management LLC now owns 785 shares of the information technology services provider’s stock worth $ 265,000 after purchasing an additional 48 shares during the last quarter. Wall Street Access Asset Management LLC lifted its holdings in Accenture by 4.9% in the 1st quarter. Wall Street Access Asset Management LLC now owns 830 shares of the information technology services provider’s stock worth $ 279,000 after purchasing an additional 39 shares during the last quarter. Eudaimonia Partners LLC acquired a new stake in Accenture in the 1st quarter worth approximately $ 315,000. Finally, KB Financial Partners LLC lifted its holdings in Accenture by 52.6% in the 1st quarter. KB Financial Partners LLC now owns 1,500 shares of the information technology services provider’s stock worth $ 506,000 after purchasing an additional 517 shares during the last quarter. Institutional investors and hedge funds own 74.46% of the company’s stock.

Accenture Company Profile (Get Rating)

Accenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operations services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management, intelligent automation comprises robotic process automation, natural language processing, and virtual agents, and liquid application management services, as well as program, project, and service management services; strategy consulting services; critical data elements, data management and governance, data platform and architecture, product-based organization and skills, business adoption, and value realization services; engineering, and research and development digitization; smart connected product design and development; product platform engineering and modernization; product as-a-service enablement; products related to production and operations; autonomous robotics systems; the digital transformation of capital projects; and digital industrial workforce solutions.

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Earnings History and Estimates for Accenture (NYSE: ACN)

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