Annapolis Financial Services LLC Has $27,000 Stock Position in Accenture plc (NYSE:ACN)

Annapolis Financial Services LLC increased its stake in shares of Accenture plc (NYSE:ACN) by 507.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 79 shares of the information technology services provider’s stock after buying an additional 66 shares during the period. Annapolis Financial Services LLC’s holdings in Accenture were worth $27,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. New Mexico Educational Retirement Board lifted its position in Accenture by 11.9% during the 1st quarter. New Mexico Educational Retirement Board now owns 36,750 shares of the information technology services provider’s stock valued at $12,393,000 after purchasing an additional 3,900 shares during the period. Brown Miller Wealth Management LLC lifted its position in Accenture by 2.7% during the 1st quarter. Brown Miller Wealth Management LLC now owns 7,551 shares of the information technology services provider’s stock valued at $2,617,000 after purchasing an additional 195 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its position in Accenture by 1.7% during the 1st quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 6,519 shares of the information technology services provider’s stock valued at $2,260,000 after purchasing an additional 111 shares during the period. Winthrop Advisory Group LLC lifted its position in Accenture by 6.6% during the 1st quarter. Winthrop Advisory Group LLC now owns 1,868 shares of the information technology services provider’s stock valued at $647,000 after purchasing an additional 115 shares during the period. Finally, Romano Brothers AND Company lifted its position in Accenture by 13.5% during the 1st quarter. Romano Brothers AND Company now owns 4,908 shares of the information technology services provider’s stock valued at $1,701,000 after purchasing an additional 582 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Activity

In other Accenture news, CEO Jean-Marc Ollagnier sold 6,250 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $315.91, for a total transaction of $1,974,437.50. Following the completion of the sale, the chief executive officer now owns 161,581 shares of the company’s stock, valued at approximately $51,045,053.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Accenture news, CEO Jean-Marc Ollagnier sold 6,250 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $315.91, for a total transaction of $1,974,437.50. Following the completion of the sale, the chief executive officer now owns 161,581 shares of the company’s stock, valued at approximately $51,045,053.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kathleen R. Mcclure sold 4,500 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $316.00, for a total value of $1,422,000.00. Following the sale, the chief financial officer now directly owns 42,781 shares of the company’s stock, valued at approximately $13,518,796. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,083 shares of company stock valued at $6,302,285. 0.07% of the stock is owned by insiders.

Accenture Stock Up 0.1 %

Shares of NYSE ACN traded up $0.22 during trading hours on Friday, hitting $303.41. The company had a trading volume of 14,905,693 shares, compared to its average volume of 4,036,297. The stock has a market capitalization of $203.51 billion, a P/E ratio of 27.78, a price-to-earnings-growth ratio of 3.38 and a beta of 1.21. Accenture plc has a 1-year low of $278.69 and a 1-year high of $387.51. The firm’s 50 day moving average is $300.17 and its 200-day moving average is $336.10.

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

Accenture Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, July 11th will be issued a $1.29 dividend. This represents a $5.16 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Thursday, July 11th. Accenture’s payout ratio is presently 47.25%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. StockNews.com cut Accenture from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Morgan Stanley cut Accenture from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $382.00 to $300.00 in a research note on Wednesday. Mizuho lowered their price target on Accenture from $398.00 to $350.00 and set a “buy” rating for the company in a research note on Tuesday, June 18th. Wedbush lowered their price target on Accenture from $400.00 to $350.00 and set an “outperform” rating for the company in a research note on Wednesday, June 12th. Finally, Robert W. Baird lowered their price target on Accenture from $372.00 to $345.00 and set a “neutral” rating for the company in a research note on Thursday, May 16th. Twelve analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Accenture currently has an average rating of “Moderate Buy” and an average price target of $352.74.

Accenture Company Profile

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.