U.S. Capital Wealth Advisors LLC Sells 3,913 Shares of Accenture PLC (NYSE:ACN)

U.S. Capital Wealth Advisors LLC reduced its stake in shares of Accenture PLC (NYSE:ACN - Free Report) by 42.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,405 shares of the information technology services provider's stock after selling 3,913 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Accenture were worth $1,687,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Security National Bank of SO Dak purchased a new stake in shares of Accenture during the first quarter valued at $214,000. Financial Counselors Inc. lifted its holdings in shares of Accenture by 2.5% during the first quarter. Financial Counselors Inc. now owns 32,389 shares of the information technology services provider's stock valued at $10,107,000 after purchasing an additional 776 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Accenture by 9.6% during the first quarter. Envestnet Asset Management Inc. now owns 2,426,071 shares of the information technology services provider's stock valued at $757,031,000 after purchasing an additional 211,746 shares during the last quarter. Roffman Miller Associates Inc. PA lifted its holdings in shares of Accenture by 1.6% during the first quarter. Roffman Miller Associates Inc. PA now owns 73,509 shares of the information technology services provider's stock valued at $22,938,000 after purchasing an additional 1,123 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its holdings in shares of Accenture by 29.2% during the first quarter. Penserra Capital Management LLC now owns 52,360 shares of the information technology services provider's stock valued at $16,337,000 after purchasing an additional 11,834 shares during the last quarter. Institutional investors own 75.14% of the company's stock.

Accenture Stock Performance

ACN traded down $6.06 during midday trading on Wednesday, reaching $297.27. The company's stock had a trading volume of 3,177,356 shares, compared to its average volume of 2,902,999. The stock has a market cap of $186.19 billion, a P/E ratio of 23.67, a PEG ratio of 2.82 and a beta of 1.29. The company has a fifty day simple moving average of $309.78 and a 200 day simple moving average of $328.62. 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 twelve month low of $273.19 and a twelve month high of $398.35.

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, beating analysts' consensus estimates of $3.32 by $0.17. The firm had revenue of $17.73 billion for the quarter, compared to analyst estimates of $17.26 billion. Accenture had a return on equity of 26.55% and a net margin of 11.61%. The company's revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $3.13 EPS. Research analysts expect that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 10th will be given 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 1.99%. Accenture's dividend payout ratio is currently 47.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ACN shares. Baird R W raised Accenture from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. JPMorgan Chase & Co. increased their price objective on Accenture from $349.00 to $353.00 and gave the stock an "overweight" rating in a research note on Monday, June 16th. BMO Capital Markets reduced their price objective on Accenture from $355.00 to $325.00 and set a "market perform" rating for the company in a research note on Monday, June 23rd. Royal Bank Of Canada reduced their price objective on Accenture from $399.00 to $392.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Finally, Mizuho set a $348.00 price objective on Accenture and gave the stock an "outperform" rating in a research note on Tuesday, June 24th. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Accenture presently has an average rating of "Moderate Buy" and an average target price of $370.71.

Insider Transactions at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 2,284 shares of the firm'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 in the company, valued at approximately $2,806,442.95. This trade represents a 18.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Joel Unruch sold 3,563 shares of the firm's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $281.78, for a total value of $1,003,982.14. Following the transaction, the general counsel owned 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 disclosure for this sale can be found here. Insiders have sold a total of 8,516 shares of company stock worth $2,507,366 over the last 90 days. Insiders own 0.02% of the company's stock.

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.