Accenture Plc (ACN) Plans Dividend Increase – $1.21 Per Share

Accenture Plc (NYSE:ACN) declared a semiannual dividend on Friday, March 24th. Shareholders of record on Thursday, April 13th will be paid a dividend of 1.21 per share by the information technology services provider on Monday, May 15th. This represents a yield of 2.03%. The ex-dividend date of this dividend is Tuesday, April 11th. This is a positive change from Accenture Plc’s previous semiannual dividend of $1.02.

Accenture Plc has increased its dividend by an average of 9.9% annually over the last three years and has raised its dividend annually for the last 7 consecutive years. Accenture Plc has a dividend payout ratio of 41.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Accenture Plc to earn $6.41 per share next year, which means the company should continue to be able to cover its $2.42 annual dividend with an expected future payout ratio of 37.8%.

Accenture Plc (NYSE:ACN) opened at 119.21 on Friday. The firm’s 50-day moving average is $120.75 and its 200-day moving average is $118.84. Accenture Plc has a 12 month low of $108.66 and a 12 month high of $126.53. The company has a market capitalization of $73.92 billion, a PE ratio of 19.86 and a beta of 1.17.

Accenture Plc (NYSE:ACN) last posted its earnings results on Thursday, March 23rd. The information technology services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.03. The company earned $8.32 billion during the quarter, compared to analysts’ expectations of $8.34 billion. Accenture Plc had a return on equity of 46.99% and a net margin of 12.34%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.34 earnings per share. Equities analysts anticipate that Accenture Plc will post $5.86 EPS for the current fiscal year.

Dividend History for Accenture Plc (NYSE:ACN)

ACN has been the subject of several recent analyst reports. BMO Capital Markets reissued a “hold” rating and set a $123.00 target price on shares of Accenture Plc in a research note on Thursday, March 23rd. Deutsche Bank AG lifted their price objective on Accenture Plc from $127.00 to $133.00 and gave the company a “buy” rating in a research note on Friday, March 24th. Zacks Investment Research raised Accenture Plc from a “sell” rating to a “hold” rating in a research note on Tuesday, March 14th. Berenberg Bank reaffirmed a “buy” rating and issued a $140.00 price objective on shares of Accenture Plc in a research note on Sunday, January 8th. Finally, Vetr raised Accenture Plc from a “buy” rating to a “strong-buy” rating and set a $130.68 price objective for the company in a research note on Tuesday, January 3rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $128.08.

In other news, insider Daniel T. London sold 697 shares of the business’s stock in a transaction dated Thursday, April 6th. The stock was sold at an average price of $117.29, for a total value of $81,751.13. Following the completion of the sale, the insider now directly owns 27,179 shares of the company’s stock, valued at approximately $3,187,824.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Chad T. Jerdee sold 7,300 shares of the business’s stock in a transaction dated Monday, March 27th. The shares were sold at an average price of $119.27, for a total value of $870,671.00. Following the completion of the sale, the general counsel now directly owns 22,912 shares of the company’s stock, valued at $2,732,714.24. The disclosure for this sale can be found here. Insiders have sold a total of 78,204 shares of company stock valued at $9,388,743 over the last ninety days. 0.21% of the stock is owned by company insiders.

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Accenture Plc Company Profile

Accenture plc is a professional services company serving clients in various industries and in geographic regions, including North America, Europe and Growth Markets. The Company provides management and technology consulting services. Its segments include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources.

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