Commerzbank Aktiengesellschaft FI Sells 28,398 Shares of Accenture PLC (NYSE:ACN)

Commerzbank Aktiengesellschaft FI lessened its holdings in shares of Accenture PLC (NYSE:ACN - Free Report) by 37.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 46,669 shares of the information technology services provider's stock after selling 28,398 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Accenture were worth $14,563,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Mpwm Advisory Solutions LLC bought a new position in Accenture during the fourth quarter valued at about $30,000. Park Square Financial Group LLC bought a new stake in shares of Accenture in the 4th quarter valued at approximately $31,000. Capital A Wealth Management LLC bought a new stake in shares of Accenture in the 4th quarter valued at approximately $34,000. Mountain Hill Investment Partners Corp. bought a new stake in shares of Accenture in the 4th quarter valued at approximately $35,000. Finally, Inlight Wealth Management LLC bought a new stake in shares of Accenture in the 1st quarter valued at approximately $32,000. Institutional investors and hedge funds own 75.14% of the company's stock.

Analyst Upgrades and Downgrades

ACN has been the topic of several analyst reports. Argus set a $370.00 price objective on Accenture in a research note on Tuesday, June 24th. JPMorgan Chase & Co. increased their price target on Accenture from $349.00 to $353.00 and gave the stock an "overweight" rating in a research report on Monday, June 16th. BMO Capital Markets decreased their price target on Accenture from $355.00 to $325.00 and set a "market perform" rating on the stock in a research report on Monday, June 23rd. Piper Sandler decreased their price target on Accenture from $364.00 to $355.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Evercore ISI started coverage on Accenture in a research report on Thursday. They set an "outperform" rating and a $330.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Accenture presently has a consensus rating of "Moderate Buy" and an average target price of $365.43.

Accenture Trading Down 0.1%

Shares of ACN stock traded down $0.33 during trading hours on Friday, reaching $282.37. The company had a trading volume of 4,207,339 shares, compared to its average volume of 2,926,240. The company has a 50 day moving average of $306.83 and a 200 day moving average of $325.21. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a market cap of $176.86 billion, a price-to-earnings ratio of 22.48, a P/E/G ratio of 2.62 and a beta of 1.29. Accenture PLC has a 1-year low of $273.19 and a 1-year high of $398.35.

Accenture (NYSE:ACN - Get Free Report) last issued its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 EPS for the quarter, topping the consensus estimate of $3.32 by $0.17. The business had revenue of $17.73 billion for the quarter, compared to the consensus estimate of $17.26 billion. Accenture had a return on equity of 26.55% and a net margin of 11.61%. The firm's revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $3.13 EPS. On average, equities research analysts anticipate 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. Shareholders of record on Thursday, July 10th will be issued a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Thursday, July 10th. Accenture's dividend payout ratio (DPR) is presently 47.13%.

Insider Transactions at Accenture

In other Accenture news, CEO Mauro Macchi sold 500 shares of the stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.34, for a total transaction of $141,170.00. Following the completion of the transaction, the chief executive officer owned 2,283 shares in the company, valued at approximately $644,582.22. This represents a 17.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Julie Spellman Sweet sold 2,251 shares of the stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.45, for a total value of $635,794.95. Following the transaction, the chief executive officer owned 8,109 shares of the company's stock, valued at approximately $2,290,387.05. This trade represents a 21.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,454 shares of company stock worth $1,646,780 in the last 90 days. Company insiders own 0.02% of the company's stock.

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.