Boston Trust Walden Corp Has $165.98 Million Holdings in Accenture PLC (NYSE:ACN)

Boston Trust Walden Corp cut its holdings in Accenture PLC (NYSE:ACN - Free Report) by 13.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 531,922 shares of the information technology services provider's stock after selling 80,524 shares during the quarter. Accenture makes up about 1.2% of Boston Trust Walden Corp's holdings, making the stock its 10th biggest holding. Boston Trust Walden Corp owned 0.08% of Accenture worth $165,981,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Accenture by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 60,394,657 shares of the information technology services provider's stock worth $21,246,236,000 after purchasing an additional 392,183 shares in the last quarter. Geode Capital Management LLC boosted its stake in Accenture by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 13,528,348 shares of the information technology services provider's stock worth $4,750,021,000 after purchasing an additional 136,665 shares in the last quarter. Capital Research Global Investors boosted its stake in Accenture by 16.8% in the 4th quarter. Capital Research Global Investors now owns 12,295,748 shares of the information technology services provider's stock worth $4,325,526,000 after purchasing an additional 1,770,024 shares in the last quarter. Wellington Management Group LLP boosted its stake in Accenture by 22.8% in the 4th quarter. Wellington Management Group LLP now owns 12,175,518 shares of the information technology services provider's stock worth $4,283,225,000 after purchasing an additional 2,260,740 shares in the last quarter. Finally, Capital International Investors boosted its stake in Accenture by 2.2% in the 4th quarter. Capital International Investors now owns 8,513,140 shares of the information technology services provider's stock worth $2,994,922,000 after purchasing an additional 181,449 shares in the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Stock Performance

Accenture stock traded down $20.72 during midday trading on Friday, hitting $285.66. The stock had a trading volume of 11,638,670 shares, compared to its average volume of 2,930,074. The firm's fifty day moving average is $306.98 and its two-hundred day moving average is $333.68. The company has a market capitalization of $178.92 billion, a PE ratio of 22.74, a P/E/G ratio of 2.88 and a beta of 1.33. Accenture PLC has a 52-week low of $273.19 and a 52-week high of $398.35. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.17.

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 (EPS) for the quarter, topping the consensus estimate of $3.32 by $0.17. The company had revenue of $17.73 billion during the quarter, compared to analyst estimates of $17.26 billion. Accenture had a net margin of 11.43% and a return on equity of 26.49%. The firm's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.13 EPS. On average, research analysts forecast that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 10th will be issued a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 2.07%. Accenture's dividend payout ratio is 48.89%.

Insider Buying and Selling

In other Accenture news, General Counsel Joel Unruch sold 3,563 shares of the stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $281.78, for a total transaction of $1,003,982.14. Following the completion of the sale, the general counsel now directly owns 17,237 shares of the company's stock, valued at $4,857,041.86. This trade represents a 17.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO John F. Walsh sold 2,500 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $325.00, for a total transaction of $812,500.00. Following the sale, the chief operating officer now directly owns 15,882 shares of the company's stock, valued at approximately $5,161,650. This trade represents a 13.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,516 shares of company stock valued at $2,507,366. 0.02% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ACN has been the topic of several research analyst reports. 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 research note on Friday, March 21st. Guggenheim lowered their target price on shares of Accenture from $400.00 to $395.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Morgan Stanley lowered their target price on shares of Accenture from $372.00 to $340.00 and set an "equal weight" rating on the stock in a research note on Thursday, June 12th. JPMorgan Chase & Co. upped their target price on shares of Accenture from $349.00 to $353.00 and gave the company an "overweight" rating in a research note on Monday, June 16th. Finally, Wall Street Zen cut shares of Accenture from a "buy" rating to a "hold" rating in a research note on Tuesday, March 11th. Seven investment 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $380.00.

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.