Elyxium Wealth LLC Makes New $693,000 Investment in Accenture PLC (NYSE:ACN)

Elyxium Wealth LLC purchased a new position in shares of Accenture PLC (NYSE:ACN - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,221 shares of the information technology services provider's stock, valued at approximately $693,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Lipe & Dalton increased its stake in shares of Accenture by 2,087.4% in the 1st quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider's stock valued at $1,570,000 after acquiring an additional 4,801 shares in the last quarter. Capital Research Global Investors increased its stake in Accenture by 16.8% during the 4th quarter. Capital Research Global Investors now owns 12,295,748 shares of the information technology services provider's stock valued at $4,325,526,000 after purchasing an additional 1,770,024 shares in the last quarter. Alteri Wealth LLC bought a new stake in shares of Accenture in the 4th quarter worth $321,000. Proficio Capital Partners LLC grew its stake in shares of Accenture by 47.6% in the 4th quarter. Proficio Capital Partners LLC now owns 2,446 shares of the information technology services provider's stock worth $861,000 after acquiring an additional 789 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in shares of Accenture by 62.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 905 shares of the information technology services provider's stock worth $282,000 after acquiring an additional 347 shares in the last quarter. Institutional investors own 75.14% of the company's stock.

Insider Buying and Selling

In other news, insider Angela Beatty sold 203 shares of the firm's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $57,315.02. Following the transaction, the insider owned 5,249 shares in the company, valued at $1,482,002.66. This trade represents a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO John F. Walsh sold 2,500 shares of Accenture 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 transaction, the chief operating officer owned 15,882 shares in the company, valued at approximately $5,161,650. The trade was a 13.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,454 shares of company stock valued at $1,646,780 in the last three months. 0.02% of the stock is currently owned by insiders.

Analyst Ratings Changes

ACN has been the topic of several analyst reports. 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. Barclays dropped their price target on Accenture from $390.00 to $360.00 and set an "overweight" rating for the company in a research note on Monday, June 23rd. Benchmark restated a "mixed" rating on shares of Accenture in a report on Friday, June 20th. Evercore ISI began coverage on Accenture in a report on Thursday. They set an "outperform" rating and a $330.00 price target for the company. Finally, Morgan Stanley reduced their price objective on Accenture from $340.00 to $325.00 and set an "equal weight" rating for the company in a report on Tuesday, June 24th. Eight analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $365.43.

Accenture Stock Performance

Shares of Accenture stock opened at $282.37 on Friday. Accenture PLC has a 52 week low of $273.19 and a 52 week high of $398.35. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The stock's fifty day moving average is $306.32 and its two-hundred day moving average is $324.54. The company has a market capitalization of $176.86 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 2.65 and a beta of 1.29.

Accenture (NYSE:ACN - Get Free Report) last issued 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 return on equity of 26.55% and a net margin of 11.61%. The firm had revenue of $17.73 billion during the quarter, compared to analysts' expectations of $17.26 billion. During the same period in the prior year, the business posted $3.13 EPS. The firm's quarterly revenue was up 7.7% on a year-over-year basis. As a group, analysts expect that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 10th will be issued a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 2.10%. The ex-dividend date is Thursday, July 10th. Accenture's dividend payout ratio (DPR) is 47.13%.

Accenture 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.

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