Umpqua Bank Has $1.16 Million Stock Position in Accenture plc (NYSE:ACN)

Umpqua Bank lifted its holdings in shares of Accenture plc (NYSE:ACN) by 1.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,816 shares of the information technology services provider’s stock after purchasing an additional 61 shares during the period. Umpqua Bank’s holdings in Accenture were worth $1,158,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Accretive Wealth Partners LLC boosted its holdings 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 acquiring an additional 48 shares during the last quarter. Aveo Capital Partners LLC lifted its position in shares of Accenture by 7.6% in the 4th quarter. Aveo Capital Partners LLC now owns 2,264 shares of the information technology services provider’s stock worth $794,000 after purchasing an additional 160 shares during the period. 9258 Wealth Management LLC boosted its stake in shares of Accenture by 3.6% in the 4th quarter. 9258 Wealth Management LLC now owns 1,308 shares of the information technology services provider’s stock valued at $459,000 after purchasing an additional 46 shares during the last quarter. Gryphon Financial Partners LLC increased its position in shares of Accenture by 79.5% during the fourth quarter. Gryphon Financial Partners LLC now owns 2,535 shares of the information technology services provider’s stock worth $881,000 after buying an additional 1,123 shares during the period. Finally, Berger Financial Group Inc acquired a new position in Accenture in the fourth quarter valued at $253,000. Institutional investors own 75.14% of the company’s stock.

Accenture Trading Down 0.3 %

Shares of NYSE:ACN opened at $339.84 on Friday. Accenture plc has a 1-year low of $278.69 and a 1-year high of $387.51. The stock has a market cap of $212.98 billion, a PE ratio of 31.12, a price-to-earnings-growth ratio of 3.81 and a beta of 1.24. The stock’s fifty day simple moving average is $323.63 and its two-hundred day simple moving average is $324.30.

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

Accenture Dividend Announcement

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

Insider Activity

In related news, CFO Kathleen R. Mcclure sold 3,000 shares of the firm’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $309.22, for a total transaction of $927,660.00. Following the completion of the sale, the chief financial officer now owns 40,070 shares in the company, valued at $12,390,445.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Kathleen R. Mcclure sold 3,000 shares of the firm’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 transaction of $927,660.00. Following the completion of the sale, 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 document filed with the SEC, which is available at the SEC website. Also, insider Ellyn Shook sold 5,000 shares of the stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $329.82, for a total transaction of $1,649,100.00. Following the transaction, the insider now owns 8,989 shares of the company’s stock, valued at approximately $2,964,751.98. The disclosure for this sale can be found here. Insiders sold a total of 21,421 shares of company stock valued at $6,912,635 in the last ninety days. 0.07% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ACN shares. Bank of America decreased their price target on Accenture from $419.00 to $365.00 and set a “buy” rating for the company in a report on Wednesday, June 5th. Piper Sandler decreased their target price on Accenture from $379.00 to $320.00 and set a “neutral” rating for the company in a research note on Monday, June 17th. Barclays dropped their price target on Accenture from $390.00 to $350.00 and set an “overweight” rating on the stock in a research note on Monday, June 17th. Wedbush reduced their price objective on shares of Accenture from $400.00 to $350.00 and set an “outperform” rating for the company in a research report on Wednesday, June 12th. Finally, Morgan Stanley downgraded shares of Accenture from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $382.00 to $300.00 in a research report on Wednesday, June 26th. Eleven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Accenture presently has an average rating of “Moderate Buy” and a consensus target price of $353.41.

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.