Accenture (NYSE:ACN) Earns Media Sentiment Rating of 1.00

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Media coverage about Accenture (NYSE:ACN) has trended somewhat positive recently, InfoTrie reports. InfoTrie identifies positive and negative media coverage by reviewing more than 6,000 news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Accenture earned a media sentiment score of 1.00 on their scale. InfoTrie also gave news articles 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 effect on the company’s share price in the next few days.

These are some of the media stories that may have impacted Accenture’s analysis:

ACN stock opened at $193.71 on Friday. The company has a fifty day moving average price of $176.96 and a 200-day moving average price of $191.64. The company has a market capitalization of $123.00 billion, a P/E ratio of 25.26, a PEG ratio of 2.56 and a beta of 1.05. Accenture has a 52-week low of $137.15 and a 52-week high of $216.39. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.38 and a current ratio of 1.38.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, March 19th. The information technology services provider reported $1.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.19. Accenture had a net margin of 11.13% and a return on equity of 32.87%. The firm had revenue of $11.14 billion during the quarter, compared to the consensus estimate of $11.10 billion. During the same quarter last year, the firm earned $1.73 earnings per share. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, sell-side analysts forecast that Accenture will post 7.57 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 16th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Wednesday, April 15th. Accenture’s dividend payout ratio (DPR) is presently 43.48%.

A number of brokerages have recently weighed in on ACN. Morgan Stanley cut their price target on shares of Accenture from $240.00 to $190.00 and set an “overweight” rating for the company in a report on Tuesday, March 17th. Zacks Investment Research downgraded shares of Accenture from a “hold” rating to a “sell” rating and set a $196.00 price target for the company. in a report on Wednesday, April 15th. JPMorgan Chase & Co. cut their price target on shares of Accenture from $227.00 to $188.00 and set an “overweight” rating for the company in a report on Tuesday, March 17th. Cowen cut their price target on shares of Accenture from $190.00 to $175.00 and set an “outperform” rating for the company in a report on Friday, March 20th. Finally, Moffett Nathanson raised shares of Accenture from a “neutral” rating to a “buy” rating and set a $200.00 price target for the company in a report on Friday, March 20th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and nineteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $208.89.

In other news, General Counsel Joel Unruch sold 855 shares of the stock in a transaction on Monday, April 20th. The shares were sold at an average price of $175.18, for a total transaction of $149,778.90. Following the completion of the sale, the general counsel now directly owns 24,689 shares in the company, valued at $4,325,019.02. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman David Rowland sold 5,405 shares of the stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $185.00, for a total transaction of $999,925.00. Following the sale, the chairman now owns 17,199 shares of the company’s stock, 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 valued at $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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Insider Buying and Selling by Quarter for Accenture (NYSE:ACN)

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