Accenture plc's (NYSE:ACN) Chief Financial Officer, Angie Y. Park, recently sold shares valued at approximately $242,753, according to a Form 4 filing with the Securities and Exchange Commission. The transactions occurred on January 17, 2025, as part of a pre-established Rule 10b5-1 trading plan. The $220.5 billion IT services giant maintains a strong financial health score according to InvestingPro analysis, with notably low price volatility and a 21-year track record of consistent dividend payments.
Park sold a total of 685 Class A ordinary shares in multiple transactions. The shares were sold at prices ranging from $354.0412 to $355.9. Following these transactions, Park now owns 8,674 shares directly. Based on InvestingPro's Fair Value analysis, Accenture's stock is currently trading near its fair value, with 12 additional exclusive insights available to subscribers.
The sale reflects Park's execution of planned dispositions, as noted in the filing. These transactions are part of a strategy to diversify her personal portfolio while maintaining a significant stake in the company. The company's strong fundamentals are evidenced by its 14.7% dividend growth over the last twelve months and robust return on equity of 27%.
In other recent news, Accenture has seen a series of developments that have caught the attention of investors. Mizuho (NYSE:MFG) Securities, following an investor meeting with Accenture's chief AI officer, Lan Guan, reaffirmed its Outperform rating on Accenture, highlighting the role of Generation AI (GenAI) in driving the company's growth. GenAI contributes about $2 billion in annual run-rate revenue and approximately $4.8 billion in annual run-rate bookings.
In addition to this, Accenture has acquired a digital twin technology platform from Percipient, a Singapore-based fintech company. This acquisition is expected to enhance Accenture's banking modernization capabilities, particularly in the Asia Pacific region. The company's revenues reached $66.36 billion in the last twelve months, maintaining a 2.75% growth rate.
Furthermore, several financial firms have raised their price targets on Accenture following strong Q1 performance. Among them are Baird Financial Services, Deutsche Bank (ETR:DBKGn), Stifel Financial (NYSE:SF) Services, and BMO Capital. Accenture's Q1 performance exceeded the projected growth range, leading to an upward revision in the FY25 growth guide to 4-7% in constant currency.
Lastly, Mizuho Securities raised the price target to $428 from $395 while reiterating an Outperform rating, following Accenture's robust first-quarter results for fiscal year 2025. The company also revised its full-year 2025 constant currency growth guidance upwards, indicating an organic constant currency growth of 1% to 4%. These are some of the recent developments that investors should take note of.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.