CWC Advisors LLC. Has $1.35 Million Stock Holdings in Accenture PLC (NYSE:ACN)

CWC Advisors LLC. lifted its stake in shares of Accenture PLC (NYSE:ACN - Free Report) by 45.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,321 shares of the information technology services provider's stock after purchasing an additional 1,342 shares during the quarter. CWC Advisors LLC.'s holdings in Accenture were worth $1,348,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in ACN. Brighton Jones LLC boosted its stake in Accenture by 36.2% during the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider's stock valued at $6,486,000 after purchasing an additional 4,905 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Accenture during the 4th quarter valued at about $350,000. Los Angeles Capital Management LLC boosted its stake in Accenture by 7.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 3,347 shares of the information technology services provider's stock valued at $1,177,000 after purchasing an additional 222 shares during the period. Whipplewood Advisors LLC acquired a new position in Accenture during the 4th quarter valued at about $78,000. Finally, Nwam LLC boosted its stake in Accenture by 9.3% during the 4th quarter. Nwam LLC now owns 3,492 shares of the information technology services provider's stock valued at $1,228,000 after purchasing an additional 297 shares during the period. Institutional investors own 75.14% of the company's stock.

Insider Buying and Selling

In related news, General Counsel Joel Unruch sold 3,563 shares of the 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 now owns 17,237 shares in the company, valued at approximately $4,857,041.86. This represents a 17.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Julie Spellman Sweet sold 2,284 shares of the 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 transaction, the chief executive officer now owns 9,965 shares in the company, valued at $2,806,442.95. This represents a 18.65% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,516 shares of company stock worth $2,507,366. 0.02% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ACN has been the subject of a number of recent analyst reports. Barclays decreased their target price on shares of Accenture from $390.00 to $360.00 and set an "overweight" rating for the company in a research report on Monday, June 23rd. Royal Bank Of Canada lowered their price objective 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. Baird R W upgraded Accenture from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. BMO Capital Markets lowered 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. Finally, Robert W. Baird raised Accenture from a "neutral" rating to an "outperform" rating and set a $390.00 price objective on the stock in a research note on Monday, March 17th. 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 stock. Based on data from MarketBeat.com, Accenture currently has an average rating of "Moderate Buy" and an average target price of $370.71.

Accenture Trading Down 0.3%

ACN stock traded down $0.82 during mid-day trading on Friday, reaching $295.26. 4,159,093 shares of the stock traded hands, compared to its average volume of 2,894,859. 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 52-week low of $273.19 and a 52-week high of $398.35. The company has a market cap of $184.93 billion, a P/E ratio of 23.28, a P/E/G ratio of 2.89 and a beta of 1.33. The stock's fifty day moving average is $308.04 and its 200-day moving average is $331.42.

Accenture (NYSE:ACN - Get Free Report) last issued its earnings results 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 during the quarter, compared to analysts' expectations of $17.26 billion. Accenture had a return on equity of 26.55% and a net margin of 11.61%. Accenture's revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $3.13 earnings per share. As a group, sell-side analysts expect that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

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 given a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Thursday, July 10th. Accenture's dividend payout ratio (DPR) is 47.13%.

About Accenture

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.