Accenture plc (NYSE:ACN) Stock Holdings Decreased by Wilkinson Global Asset Management LLC

Wilkinson Global Asset Management LLC lessened its position in Accenture plc (NYSE:ACN) by 1.3% in the 2nd quarter, Holdings Channel reports. The fund owned 233,016 shares of the information technology services provider’s stock after selling 3,139 shares during the period. Accenture makes up approximately 4.4% of Wilkinson Global Asset Management LLC’s investment portfolio, making the stock its 8th biggest holding. Wilkinson Global Asset Management LLC’s holdings in Accenture were worth $70,699,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Accretive Wealth Partners LLC grew its stake in Accenture by 2.3% in the fourth quarter. Accretive Wealth Partners LLC now owns 2,171 shares of the information technology services provider’s stock valued at $762,000 after purchasing an additional 48 shares in the last quarter. Aveo Capital Partners LLC increased its holdings in Accenture by 7.6% in the fourth quarter. Aveo Capital Partners LLC now owns 2,264 shares of the information technology services provider’s stock worth $794,000 after buying an additional 160 shares during the last quarter. 9258 Wealth Management LLC raised its position in Accenture by 3.6% during the fourth quarter. 9258 Wealth Management LLC now owns 1,308 shares of the information technology services provider’s stock valued at $459,000 after acquiring an additional 46 shares in the last quarter. Gryphon Financial Partners LLC grew its position in Accenture by 79.5% in the fourth quarter. Gryphon Financial Partners LLC now owns 2,535 shares of the information technology services provider’s stock worth $881,000 after acquiring an additional 1,123 shares in the last quarter. Finally, Berger Financial Group Inc acquired a new position in shares of Accenture during the 4th quarter worth $253,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ACN. BMO Capital Markets decreased their price objective on shares of Accenture from $375.00 to $350.00 and set a “market perform” rating for the company in a report on Friday, June 21st. Guggenheim reissued a “buy” rating and set a $395.00 price objective on shares of Accenture in a report on Friday, May 24th. Jefferies Financial Group reduced their target price on Accenture from $340.00 to $275.00 and set a “hold” rating for the company in a report on Wednesday, June 5th. JPMorgan Chase & Co. increased their price target on Accenture from $330.00 to $376.00 and gave the company an “overweight” rating in a report on Friday. Finally, Morgan Stanley cut shares of Accenture from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $382.00 to $300.00 in a research note on Wednesday, June 26th. Eleven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Accenture presently has a consensus rating of “Moderate Buy” and an average price target of $353.41.

Insider Transactions at Accenture

In related news, General Counsel Joel Unruch sold 8,145 shares of the firm’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $331.05, for a total transaction of $2,696,402.25. Following the completion of the sale, the general counsel now directly owns 22,849 shares of the company’s stock, valued at approximately $7,564,161.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Kathleen R. Mcclure sold 1,500 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $315.00, for a total transaction of $472,500.00. Following the sale, the chief financial officer now directly owns 38,570 shares of the company’s stock, valued at $12,149,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Joel Unruch sold 8,145 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $331.05, for a total transaction of $2,696,402.25. Following the completion of the transaction, the general counsel now owns 22,849 shares of the company’s stock, valued at approximately $7,564,161.45. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,421 shares of company stock valued at $6,912,635. Corporate insiders own 0.07% of the company’s stock.

Accenture Stock Down 0.3 %

Accenture stock traded down $1.09 on Friday, hitting $339.84. The company’s stock had a trading volume of 1,613,563 shares, compared to its average volume of 2,781,811. The firm has a market cap of $212.98 billion, a P/E ratio of 31.12, a price-to-earnings-growth ratio of 3.81 and a beta of 1.24. The company has a fifty day moving average price of $323.63 and a 200-day moving average price of $324.30. Accenture plc has a one year low of $278.69 and a one year high of $387.51.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, June 20th. The information technology services provider reported $3.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.15 by ($0.02). Accenture had a return on equity of 27.48% and a net margin of 10.79%. The company had revenue of $16.47 billion for the quarter, compared to analyst estimates of $16.55 billion. During the same quarter in the prior year, the company earned $3.19 earnings per share. The business’s revenue was down .6% compared to the same quarter last year. Analysts anticipate that Accenture plc will post 11.95 EPS for the current year.

Accenture Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, July 11th were paid a dividend of $1.29 per share. The ex-dividend date was Thursday, July 11th. This represents a $5.16 annualized dividend and a yield of 1.52%. Accenture’s dividend payout ratio is 47.25%.

About Accenture

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.