Accenture (NYSE:ACN) Receives Daily News Sentiment Rating of 3.40

News articles about Accenture (NYSE:ACN) have trended very positive on Saturday, according to InfoTrie Sentiment. The research group rates the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Accenture earned a coverage optimism score of 3.40 on their scale. InfoTrie also assigned media coverage about the information technology services provider an news buzz score of 0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the next few days.

These are some of the headlines that may have effected Accenture’s analysis:

Shares of ACN traded down $4.85 during mid-day trading on Friday, hitting $212.47. The stock had a trading volume of 3,202,924 shares, compared to its average volume of 2,465,546. The firm has a market cap of $138.14 billion, a P/E ratio of 27.81, a PEG ratio of 2.85 and a beta of 1.06. The business has a fifty day moving average price of $198.16 and a 200-day moving average price of $192.91. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.38 and a quick ratio of 1.38. Accenture has a 52 week low of $137.15 and a 52 week high of $217.89.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, June 25th. The information technology services provider reported $1.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.06. Accenture had a return on equity of 32.04% and a net margin of 11.11%. The firm had revenue of $10.99 billion for the quarter, compared to analyst estimates of $10.89 billion. During the same period in the previous year, the company posted $1.93 earnings per share. The business’s revenue was down 1.0% on a year-over-year basis. As a group, research analysts expect that Accenture will post 7.63 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 16th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.51%. Accenture’s payout ratio is 43.48%.

A number of equities research analysts have commented on the company. Exane BNP Paribas cut Accenture from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 3rd. Deutsche Bank raised their price objective on Accenture from $215.00 to $245.00 and gave the company a “buy” rating in a research note on Friday. Piper Sandler began coverage on Accenture in a research report on Thursday, May 21st. They set a “neutral” rating and a $196.00 target price on the stock. Susquehanna Bancshares lifted their target price on Accenture from $225.00 to $250.00 in a research report on Friday. Finally, Cowen lifted their target price on Accenture from $175.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, June 19th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $218.04.

In related news, CFO Kathleen R. Mcclure sold 1,125 shares of the business’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $185.00, for a total transaction of $208,125.00. Following the sale, the chief financial officer now directly owns 23,085 shares in the company, valued at approximately $4,270,725. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman David Rowland sold 5,405 shares of the business’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $185.00, for a total value of $999,925.00. Following the sale, the chairman now owns 17,199 shares in the company, valued at $3,181,815. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,221 shares of company stock worth $4,169,477. 0.10% of the stock is currently owned by corporate insiders.

Accenture Company Profile

Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.

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