Accenture PLC (NYSE:ACN) Shares Sold by Choreo LLC

Choreo LLC decreased its position in Accenture PLC (NYSE:ACN - Free Report) by 20.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,471 shares of the information technology services provider's stock after selling 5,023 shares during the quarter. Choreo LLC's holdings in Accenture were worth $6,076,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in shares of Accenture by 1.0% during the fourth 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 acquiring an additional 136,665 shares in the last quarter. Capital Research Global Investors raised its stake in shares of Accenture by 16.8% during the fourth 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 acquiring an additional 1,770,024 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Accenture by 22.8% during the fourth 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 acquiring an additional 2,260,740 shares in the last quarter. Capital International Investors grew its holdings in shares of Accenture by 2.2% in the fourth 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 during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Accenture by 10.7% in the fourth quarter. Northern Trust Corp now owns 7,582,344 shares of the information technology services provider's stock worth $2,667,393,000 after purchasing an additional 732,769 shares during the last quarter. Institutional investors own 75.14% of the company's stock.

Insider Activity

In other Accenture news, insider Angela Beatty sold 203 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.34, for a total transaction of $57,315.02. Following the completion of the sale, the insider directly owned 5,249 shares of the company's stock, valued at approximately $1,482,002.66. This represents a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mauro Macchi sold 500 shares of the company's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.34, for a total transaction of $141,170.00. Following the transaction, the chief executive officer owned 2,283 shares in the company, valued at approximately $644,582.22. This trade represents a 17.97% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,454 shares of company stock valued at $1,646,780. Corporate insiders own 0.02% of the company's stock.

Accenture Stock Up 0.7%

NYSE:ACN traded up $1.94 during mid-day trading on Friday, reaching $283.65. The company's stock had a trading volume of 1,501,828 shares, compared to its average volume of 3,356,445. Accenture PLC has a 1 year low of $273.19 and a 1 year high of $398.35. The stock has a fifty day moving average of $303.28 and a 200-day moving average of $322.87. The firm has a market capitalization of $177.66 billion, a PE ratio of 22.58, a price-to-earnings-growth ratio of 2.71 and a beta of 1.29. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN - Get Free Report) last released its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 earnings per share for the quarter, topping analysts' consensus estimates of $3.32 by $0.17. Accenture had a net margin of 11.61% and a return on equity of 26.55%. The company had revenue of $17.73 billion during the quarter, compared to analyst estimates of $17.26 billion. During the same period in the prior year, the firm earned $3.13 earnings per share. The firm's revenue for the quarter was up 7.7% compared to the same quarter last year. Equities research analysts forecast that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 10th will be given a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Thursday, July 10th. Accenture's payout ratio is 47.13%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Accenture in a report on Thursday, July 17th. They issued a "hold" rating and a $290.00 target price on the stock. UBS Group restated 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. JPMorgan Chase & Co. lifted their price target on shares of Accenture from $349.00 to $353.00 and gave the company an "overweight" rating in a report on Monday, June 16th. Mizuho set a $348.00 price target on shares of Accenture and gave the company an "outperform" rating in a report on Tuesday, June 24th. Finally, Argus set a $370.00 price target on shares of Accenture in a report on Tuesday, June 24th. Eight equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $365.43.

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.