Dohj LLC purchased a new stake in Accenture plc (NYSE:ACN - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,288 shares of the information technology services provider's stock, valued at approximately $402,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. McBroom & Associates LLC lifted its stake in Accenture by 1.0% in the 1st quarter. McBroom & Associates LLC now owns 20,199 shares of the information technology services provider's stock valued at $6,303,000 after purchasing an additional 193 shares during the last quarter. Missouri Trust & Investment Co increased its position in Accenture by 22.4% in the 1st quarter. Missouri Trust & Investment Co now owns 251 shares of the information technology services provider's stock valued at $78,000 after acquiring an additional 46 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Accenture by 4.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 238,295 shares of the information technology services provider's stock worth $74,357,000 after buying an additional 9,689 shares during the period. Stock Yards Bank & Trust Co. lifted its stake in shares of Accenture by 0.6% in the first quarter. Stock Yards Bank & Trust Co. now owns 99,658 shares of the information technology services provider's stock valued at $31,097,000 after buying an additional 555 shares in the last quarter. Finally, BNC Wealth Management LLC lifted its stake in shares of Accenture by 635.2% in the first quarter. BNC Wealth Management LLC now owns 17,101 shares of the information technology services provider's stock valued at $5,336,000 after buying an additional 14,775 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company's stock.
Accenture Stock Performance
NYSE ACN traded down $6.76 on Friday, reaching $311.37. 3,102,635 shares of the stock were exchanged, compared to its average volume of 2,958,031. The firm has a market capitalization of $195.02 billion, a PE ratio of 26.12, a PEG ratio of 3.23 and a beta of 1.33. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. Accenture plc has a one year low of $275.01 and a one year high of $398.35. The company's 50-day simple moving average is $305.50 and its two-hundred day simple moving average is $335.58.
Accenture (NYSE:ACN - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.01. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The firm had revenue of $16.70 billion for the quarter, compared to analysts' expectations of $16.64 billion. During the same quarter last year, the business posted $2.77 earnings per share. The company's revenue for the quarter was up 5.7% compared to the same quarter last year. Analysts expect that Accenture plc will post 12.73 EPS for the current fiscal year.
Accenture Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th were paid a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Thursday, April 10th. Accenture's dividend payout ratio is currently 48.89%.
Analysts Set New Price Targets
A number of research analysts have weighed in on the stock. BMO Capital Markets raised their price objective on shares of Accenture to $355.00 and gave the company a "hold" rating in a research note on Wednesday, March 26th. Barclays dropped their price target on shares of Accenture from $415.00 to $390.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. Baird R W raised shares of Accenture from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Stifel Nicolaus dropped their price target on shares of Accenture from $390.00 to $380.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Finally, Piper Sandler lowered their price objective on shares of Accenture from $364.00 to $355.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $382.15.
View Our Latest Report on Accenture
Insider Activity
In related news, CEO Julie Spellman Sweet sold 2,284 shares of Accenture stock in a transaction dated 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 now directly owns 9,965 shares in the company, valued at $2,806,442.95. The trade was a 18.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO John F. Walsh sold 2,500 shares of Accenture stock in a transaction dated Tuesday, May 13th. The shares were 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 now owns 15,882 shares of the company's stock, valued at $5,161,650. The trade was a 13.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,516 shares of company stock valued at $2,507,366. 0.02% of the stock is currently owned by company insiders.
Accenture Profile
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Free Report)
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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