Calamos Wealth Management LLC Acquires 3,358 Shares of Accenture PLC (NYSE:ACN)

Calamos Wealth Management LLC lifted its stake in Accenture PLC (NYSE:ACN - Free Report) by 65.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,485 shares of the information technology services provider's stock after purchasing an additional 3,358 shares during the period. Calamos Wealth Management LLC's holdings in Accenture were worth $2,648,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Visionary Wealth Advisors lifted its position in shares of Accenture by 3.5% during the 4th quarter. Visionary Wealth Advisors now owns 778 shares of the information technology services provider's stock valued at $274,000 after buying an additional 26 shares in the last quarter. Vivaldi Capital Management LP lifted its stake in shares of Accenture by 3.6% during the 4th quarter. Vivaldi Capital Management LP now owns 782 shares of the information technology services provider's stock valued at $292,000 after buying an additional 27 shares in the last quarter. Nemes Rush Group LLC boosted its holdings in Accenture by 7.5% in the 4th quarter. Nemes Rush Group LLC now owns 418 shares of the information technology services provider's stock worth $147,000 after buying an additional 29 shares during the period. United Community Bank increased its stake in Accenture by 1.5% in the 4th quarter. United Community Bank now owns 2,069 shares of the information technology services provider's stock worth $728,000 after buying an additional 30 shares in the last quarter. Finally, Tradition Wealth Management LLC lifted its position in shares of Accenture by 0.3% in the fourth quarter. Tradition Wealth Management LLC now owns 10,981 shares of the information technology services provider's stock valued at $3,863,000 after acquiring an additional 30 shares in the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Accenture

In other Accenture news, General Counsel Joel Unruch sold 3,563 shares of the company's stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $281.78, for a total value of $1,003,982.14. Following the transaction, the general counsel directly owned 17,237 shares in the company, valued at $4,857,041.86. This represents a 17.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Julie Spellman Sweet sold 2,284 shares of the business's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $281.63, for a total value of $643,242.92. Following the completion of the sale, the chief executive officer owned 9,965 shares of the company's stock, valued at $2,806,442.95. The trade was a 18.65% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,516 shares of company stock worth $2,507,366. 0.02% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on ACN. Benchmark reissued a "mixed" rating on shares of Accenture in a research note on Friday, June 20th. Piper Sandler dropped their target price on shares of Accenture from $364.00 to $355.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Guggenheim reduced their price target on shares of Accenture from $360.00 to $335.00 and set a "buy" rating on the stock in a report on Monday, June 23rd. Robert W. Baird raised shares of Accenture from a "neutral" rating to an "outperform" rating and set a $390.00 price objective for the company in a report on Monday, March 17th. Finally, UBS Group reaffirmed a "buy" rating and issued a $395.00 target price (up from $390.00) on shares of Accenture in a report on Thursday, May 22nd. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $370.71.

Accenture Trading Down 1.4%

Shares of ACN stock traded down $4.30 during trading hours on Monday, reaching $300.48. 2,752,818 shares of the stock were exchanged, compared to its average volume of 2,900,565. The firm has a market capitalization of $188.20 billion, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29. Accenture PLC has a 12-month low of $273.19 and a 12-month high of $398.35. The company's 50-day moving average price is $309.55 and its 200-day moving average price is $329.26. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN - Get Free Report) last announced its earnings results on Friday, June 20th. The information technology services provider reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.32 by $0.17. Accenture had a return on equity of 26.55% and a net margin of 11.61%. The business had revenue of $17.73 billion during the quarter, compared to analyst estimates of $17.26 billion. During the same quarter in the previous year, the business earned $3.13 earnings per share. The company's revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, equities analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 10th will be issued a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Thursday, July 10th. Accenture's payout ratio is presently 47.13%.

Accenture 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.