Accenture PLC (NYSE:ACN) Shares Sold by Fulton Breakefield Broenniman LLC

Fulton Breakefield Broenniman LLC reduced its holdings in shares of Accenture PLC (NYSE:ACN - Free Report) by 45.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,094 shares of the information technology services provider's stock after selling 6,815 shares during the quarter. Fulton Breakefield Broenniman LLC's holdings in Accenture were worth $2,526,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ACN. Norges Bank purchased a new stake in Accenture in the 4th quarter worth approximately $2,351,683,000. GAMMA Investing LLC raised its position in shares of Accenture by 30,256.8% during the 1st quarter. GAMMA Investing LLC now owns 3,421,519 shares of the information technology services provider's stock valued at $1,067,651,000 after buying an additional 3,410,248 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Accenture by 22.8% during the 4th quarter. Wellington Management Group LLP now owns 12,175,518 shares of the information technology services provider's stock valued at $4,283,225,000 after buying an additional 2,260,740 shares in the last quarter. Capital Research Global Investors raised its position in shares of Accenture by 16.8% during the 4th quarter. Capital Research Global Investors now owns 12,295,748 shares of the information technology services provider's stock valued at $4,325,526,000 after buying an additional 1,770,024 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Accenture by 10.7% during the 4th quarter. Northern Trust Corp now owns 7,582,344 shares of the information technology services provider's stock valued at $2,667,393,000 after buying an additional 732,769 shares in the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Accenture

In related 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 transaction of $812,500.00. Following the completion of the sale, the chief operating officer directly owned 15,882 shares in the company, valued at approximately $5,161,650. The trade was a 13.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.02% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on ACN. Guggenheim lowered their price objective on shares of Accenture from $360.00 to $335.00 and set a "buy" rating on the stock in a research report on Monday, June 23rd. BMO Capital Markets reduced their target price on shares of Accenture from $355.00 to $325.00 and set a "market perform" rating on the stock in a report on Monday, June 23rd. Barclays reduced 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. Robert W. Baird raised shares of Accenture from a "neutral" rating to an "outperform" rating and set a $390.00 price target on the stock in a report on Monday, March 17th. Finally, Royal Bank Of Canada dropped their target price on shares of Accenture from $399.00 to $392.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $370.71.

Accenture Stock Down 1.2%

Accenture stock traded down $3.23 during trading hours on Monday, hitting $277.83. The stock had a trading volume of 1,403,905 shares, compared to its average volume of 2,915,245. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $174.01 billion, a P/E ratio of 22.11, a price-to-earnings-growth ratio of 2.64 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 stock's 50-day moving average price is $309.00 and its 200-day moving average price is $326.89.

Accenture (NYSE:ACN - Get Free Report) last issued 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. Accenture had a net margin of 11.61% and a return on equity of 26.55%. The business had revenue of $17.73 billion during the quarter, compared to analysts' expectations of $17.26 billion. During the same period in the previous year, the company earned $3.13 earnings per share. The business's revenue for the quarter was up 7.7% compared to the same quarter last year. Equities research analysts anticipate that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

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 paid a $1.48 dividend. The ex-dividend date is Thursday, July 10th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 2.13%. Accenture's dividend payout ratio is presently 47.13%.

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.