Baker Boyer National Bank Has $459,000 Holdings in Accenture plc (NYSE:ACN)

Baker Boyer National Bank trimmed its position in shares of Accenture plc (NYSE:ACN) by 57.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,512 shares of the information technology services provider’s stock after selling 2,023 shares during the period. Baker Boyer National Bank’s holdings in Accenture were worth $459,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in ACN. Moser Wealth Advisors LLC increased its position in Accenture by 24.5% during the second quarter. Moser Wealth Advisors LLC now owns 534 shares of the information technology services provider’s stock worth $162,000 after buying an additional 105 shares during the last quarter. Fairbanks Capital Management Inc. boosted its stake in shares of Accenture by 53.8% during the 2nd quarter. Fairbanks Capital Management Inc. now owns 6,277 shares of the information technology services provider’s stock worth $1,905,000 after acquiring an additional 2,197 shares during the period. Horan Capital Advisors LLC. increased its holdings in shares of Accenture by 2.7% during the 2nd quarter. Horan Capital Advisors LLC. now owns 12,183 shares of the information technology services provider’s stock worth $3,696,000 after acquiring an additional 322 shares during the last quarter. First Foundation Advisors lifted its holdings in Accenture by 12.6% during the 2nd quarter. First Foundation Advisors now owns 51,777 shares of the information technology services provider’s stock valued at $15,710,000 after purchasing an additional 5,791 shares during the last quarter. Finally, Trium Capital LLP increased its holdings in shares of Accenture by 28.1% in the second quarter. Trium Capital LLP now owns 15,898 shares of the information technology services provider’s stock valued at $4,824,000 after purchasing an additional 3,490 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analysts Set New Price Targets

ACN has been the subject of several research analyst reports. Barclays reduced their target price on shares of Accenture from $390.00 to $350.00 and set an “overweight” rating for the company in a report on Monday, June 17th. BMO Capital Markets lowered their target price on Accenture from $375.00 to $350.00 and set a “market perform” rating on the stock in a research note on Friday, June 21st. The Goldman Sachs Group began coverage on Accenture in a research note on Monday, June 24th. They issued a “neutral” rating and a $335.00 price target for the company. Piper Sandler dropped their target price on Accenture from $379.00 to $320.00 and set a “neutral” rating for the company in a report on Monday, June 17th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Accenture from a “buy” rating to a “hold” rating and decreased their price target for the company from $409.00 to $295.00 in a research note on Wednesday, May 15th. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and an average target price of $353.41.

Accenture Trading Down 0.3 %

ACN stock opened at $339.84 on Monday. The firm has a 50-day moving average price of $323.63 and a 200-day moving average price of $324.05. The stock has a market capitalization of $212.97 billion, a P/E ratio of 31.12, a price-to-earnings-growth ratio of 3.60 and a beta of 1.24. Accenture plc has a 12 month low of $278.69 and a 12 month high of $387.51.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, June 20th. The information technology services provider reported $3.13 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $16.55 billion. During the same period in the previous year, the firm posted $3.19 EPS. The business’s quarterly revenue was down .6% compared to the same quarter last year. As a group, equities analysts predict that Accenture plc will post 11.95 EPS for the current fiscal year.

Accenture Announces Dividend

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

Insider Activity at Accenture

In other news, CFO Kathleen R. Mcclure sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $309.22, for a total value of $927,660.00. Following the transaction, the chief financial officer now owns 40,070 shares in the company, valued at approximately $12,390,445.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Kathleen R. Mcclure sold 3,000 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $309.22, for a total value of $927,660.00. Following the transaction, the chief financial officer now directly owns 40,070 shares of the company’s stock, valued at approximately $12,390,445.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Julie Spellman Sweet sold 3,776 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $309.05, for a total value of $1,166,972.80. Following the sale, the chief executive officer now directly owns 11,819 shares of the company’s stock, valued at approximately $3,652,661.95. The disclosure for this sale can be found here. Insiders have sold 21,421 shares of company stock worth $6,912,635 over the last ninety days. Insiders own 0.07% of the company’s stock.

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.