Calamos Wealth Management LLC Has $2.65 Million Position in Accenture PLC (NYSE:ACN)

Calamos Wealth Management LLC raised its stake in Accenture PLC (NYSE:ACN - Free Report) by 65.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 8,485 shares of the information technology services provider's stock after buying an additional 3,358 shares during the quarter. Calamos Wealth Management LLC's holdings in Accenture were worth $2,648,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Visionary Wealth Advisors increased its holdings in shares of Accenture by 3.5% during the fourth quarter. Visionary Wealth Advisors now owns 778 shares of the information technology services provider's stock valued at $274,000 after purchasing an additional 26 shares during the period. Vivaldi Capital Management LP increased its holdings in shares of Accenture by 3.6% during the fourth quarter. Vivaldi Capital Management LP now owns 782 shares of the information technology services provider's stock valued at $292,000 after purchasing an additional 27 shares during the period. Nemes Rush Group LLC increased its holdings in shares of Accenture by 7.5% during the fourth quarter. Nemes Rush Group LLC now owns 418 shares of the information technology services provider's stock valued at $147,000 after purchasing an additional 29 shares during the period. United Community Bank increased its holdings in shares of Accenture by 1.5% during the fourth quarter. United Community Bank now owns 2,069 shares of the information technology services provider's stock valued at $728,000 after purchasing an additional 30 shares during the period. Finally, Tradition Wealth Management LLC increased its holdings in shares of Accenture by 0.3% during 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 purchasing an additional 30 shares during the period. 75.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ACN has been the topic of a number of research analyst reports. Morgan Stanley lowered their price target on Accenture from $340.00 to $325.00 and set an "equal weight" rating on the stock in a report on Tuesday, June 24th. UBS Group reaffirmed a "buy" rating and set a $395.00 target price (up from $390.00) on shares of Accenture in a report on Thursday, May 22nd. Wall Street Zen lowered Accenture from a "buy" rating to a "hold" rating in a report on Tuesday, March 11th. Argus set a $370.00 target price on Accenture in a report on Tuesday, June 24th. Finally, Mizuho set a $348.00 target price on Accenture and gave the stock an "outperform" rating in a report on Tuesday, June 24th. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Accenture currently has an average rating of "Moderate Buy" and a consensus price target of $370.71.

Insider Transactions at Accenture

In related news, CEO Julie Spellman Sweet sold 2,284 shares of the business's stock in a transaction that occurred on Friday, April 11th. The stock was 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 approximately $2,806,442.95. The trade was a 18.65% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Joel Unruch sold 3,563 shares of the business's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $281.78, for a total value of $1,003,982.14. Following the completion of the sale, the general counsel directly owned 17,237 shares of the company's stock, valued at approximately $4,857,041.86. The trade was a 17.13% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,516 shares of company stock worth $2,507,366. 0.02% of the stock is owned by corporate insiders.

Accenture Stock Up 0.8%

NYSE:ACN traded up $2.29 on Friday, hitting $304.58. 1,616,133 shares of the company's stock traded hands, compared to its average volume of 2,901,159. 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 PLC has a 1 year low of $273.19 and a 1 year high of $398.35. The firm has a 50-day moving average price of $309.55 and a 200-day moving average price of $329.56. The company has a market cap of $190.76 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29.

Accenture (NYSE:ACN - Get Free Report) last released its earnings results on Friday, June 20th. The information technology services provider reported $3.49 earnings per share 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 company had revenue of $17.73 billion for the quarter, compared to analysts' expectations of $17.26 billion. During the same quarter in the previous year, the business posted $3.13 EPS. The business's revenue for the quarter was up 7.7% on a year-over-year basis. Equities analysts anticipate that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 10th will be paid a dividend of $1.48 per share. The ex-dividend date is Thursday, July 10th. This represents a $5.92 annualized dividend and a yield of 1.94%. Accenture's dividend payout ratio (DPR) 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.