Accenture PLC (NYSE:ACN) Shares Bought by Ballentine Partners LLC

Ballentine Partners LLC raised its holdings in Accenture PLC (NYSE:ACN - Free Report) by 10.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,880 shares of the information technology services provider's stock after purchasing an additional 1,825 shares during the quarter. Ballentine Partners LLC's holdings in Accenture were worth $5,891,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Visionary Wealth Advisors increased its stake in Accenture by 3.5% in 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 stake in Accenture by 3.6% in 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 stake in Accenture by 7.5% in 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. Tradition Wealth Management LLC boosted its holdings 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. Finally, Sentinus LLC boosted its holdings in shares of Accenture by 4.2% in the fourth quarter. Sentinus LLC now owns 763 shares of the information technology services provider's stock valued at $268,000 after acquiring an additional 31 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Accenture

In other news, COO John F. Walsh sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $325.00, for a total value of $812,500.00. Following the completion of the transaction, the chief operating officer owned 15,882 shares of the company's stock, valued at $5,161,650. The trade was a 13.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.02% of the stock is currently owned by corporate insiders.

Accenture Stock Performance

Shares of ACN opened at $281.01 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The stock has a market cap of $176.00 billion, a P/E ratio of 22.37, a PEG ratio of 2.71 and a beta of 1.29. The company has a 50-day moving average of $309.00 and a two-hundred day moving average of $327.36. Accenture PLC has a 12-month low of $273.19 and a 12-month high of $398.35.

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, topping analysts' consensus estimates of $3.32 by $0.17. The company had revenue of $17.73 billion during the quarter, compared to analysts' expectations of $17.26 billion. Accenture had a net margin of 11.61% and a return on equity of 26.55%. The firm's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.13 earnings per share. As a group, research analysts predict that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 10th will be given a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, July 10th. Accenture's dividend payout ratio is presently 47.13%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ACN shares. UBS Group reaffirmed a "buy" rating and issued a $395.00 target price (up previously from $390.00) on shares of Accenture in a report on Thursday, May 22nd. Argus set a $370.00 target price on shares of Accenture in a report on Tuesday, June 24th. Benchmark reaffirmed a "mixed" rating on shares of Accenture in a report on Friday, June 20th. Barclays lowered their target price on shares of Accenture from $390.00 to $360.00 and set an "overweight" rating on the stock in a report on Monday, June 23rd. Finally, Royal Bank Of Canada lowered their target price on shares of Accenture from $399.00 to $392.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Seven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $370.71.

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.

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