Cwm LLC Reduces Stock Holdings in Accenture PLC (NYSE:ACN)

Cwm LLC lessened its stake in shares of Accenture PLC (NYSE:ACN - Free Report) by 2.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 86,508 shares of the information technology services provider's stock after selling 2,134 shares during the period. Cwm LLC's holdings in Accenture were worth $26,994,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Mpwm Advisory Solutions LLC bought a new position in Accenture during the 4th quarter valued at about $30,000. Park Square Financial Group LLC purchased a new position in shares of Accenture during the fourth quarter valued at approximately $31,000. Inlight Wealth Management LLC bought a new position in shares of Accenture during the first quarter valued at approximately $32,000. Capital A Wealth Management LLC bought a new stake in shares of Accenture during the 4th quarter worth approximately $34,000. Finally, Mountain Hill Investment Partners Corp. purchased a new position in Accenture during the 4th quarter valued at $35,000. 75.14% of the stock is currently owned by institutional investors.

Insider Activity at Accenture

In other news, COO John F. Walsh sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $325.00, for a total value of $812,500.00. Following the completion of the sale, the chief operating officer directly owned 15,882 shares in the company, valued at $5,161,650. The trade was a 13.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.02% of the stock is owned by company insiders.

Accenture Stock Down 2.5%

Shares of ACN stock opened at $281.01 on Monday. The stock's fifty day moving average price is $309.00 and its 200 day moving average price is $326.89. Accenture PLC has a 1-year low of $273.19 and a 1-year high of $398.35. The company has a market cap of $176.00 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 2.64 and a beta of 1.29. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46.

Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 EPS for the quarter, beating 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 business posted $3.13 EPS. The business's quarterly revenue was up 7.7% compared to the same quarter last year. On average, research analysts expect that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 10th will be given a dividend of $1.48 per share. The ex-dividend date is Thursday, July 10th. This represents a $5.92 annualized dividend and a yield of 2.11%. Accenture's dividend payout ratio is presently 47.13%.

Analyst Ratings Changes

ACN has been the topic of a number of research analyst reports. Guggenheim cut their price target on shares of Accenture from $360.00 to $335.00 and set a "buy" rating on the stock in a report on Monday, June 23rd. Argus set a $370.00 target price on shares of Accenture in a research note on Tuesday, June 24th. Barclays decreased their price target on shares of Accenture from $390.00 to $360.00 and set an "overweight" 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 on the stock in a report on Friday, March 21st. Finally, BMO Capital Markets lowered their target price on Accenture from $355.00 to $325.00 and set a "market perform" rating for the company in a report on Monday, June 23rd. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Accenture currently has a consensus rating of "Moderate Buy" and a consensus target price of $370.71.

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.

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