Farmers Trust Co. grew its holdings in shares of Accenture plc (NYSE:ACN - Free Report) by 31.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,205 shares of the information technology services provider's stock after purchasing an additional 3,381 shares during the quarter. Farmers Trust Co.'s holdings in Accenture were worth $4,433,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in ACN. FPC Investment Advisory Inc. raised its stake in shares of Accenture by 62.2% in the fourth quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider's stock valued at $28,000 after buying an additional 28 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in Accenture in the 4th quarter worth about $30,000. Mpwm Advisory Solutions LLC purchased a new stake in Accenture in the 4th quarter worth about $30,000. POM Investment Strategies LLC increased its holdings in Accenture by 64.2% in the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider's stock worth $31,000 after acquiring an additional 34 shares during the last quarter. Finally, Park Square Financial Group LLC purchased a new position in Accenture in the 4th quarter valued at approximately $31,000. 75.14% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other Accenture news, COO John F. Walsh sold 2,500 shares of Accenture stock in a transaction 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 sale, the chief operating officer now owns 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Angela Beatty sold 169 shares of Accenture stock in a transaction on Friday, April 11th. The shares were sold at an average price of $281.90, for a total value of $47,641.10. Following the completion of the sale, the insider now owns 5,364 shares in the company, valued at $1,512,111.60. This represents a 3.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,516 shares of company stock worth $2,507,366 over the last quarter. 0.02% of the stock is currently owned by corporate insiders.
Accenture Price Performance
ACN traded down $1.02 during trading on Friday, hitting $316.71. The company's stock had a trading volume of 4,012,185 shares, compared to its average volume of 2,972,621. 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 twelve month low of $275.01 and a twelve month high of $398.35. The business's fifty day simple moving average is $302.63 and its 200 day simple moving average is $338.74. The firm has a market capitalization of $198.36 billion, a price-to-earnings ratio of 26.57, a P/E/G ratio of 3.23 and a beta of 1.35.
Accenture (NYSE:ACN - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, beating the consensus estimate of $2.81 by $0.01. The company had revenue of $16.70 billion for the quarter, compared to analyst estimates of $16.64 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. Accenture's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $2.77 earnings per share. On average, equities research analysts forecast that Accenture plc will post 12.73 EPS for the current fiscal year.
Accenture Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th were given a $1.48 dividend. The ex-dividend date was Thursday, April 10th. This represents a $5.92 annualized dividend and a dividend yield of 1.87%. Accenture's dividend payout ratio (DPR) is presently 48.89%.
Wall Street Analyst Weigh In
ACN has been the subject of a number of recent research reports. UBS Group reiterated a "buy" rating and issued a $395.00 price objective (up from $390.00) on shares of Accenture in a research note on Thursday, May 22nd. Baird R W upgraded shares of Accenture from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Royal Bank of Canada reduced their price objective on shares of Accenture from $399.00 to $392.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Stifel Nicolaus decreased their price target on Accenture from $390.00 to $380.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Finally, Guggenheim lowered their price target on shares of Accenture from $400.00 to $395.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Seven equities research 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $382.14.
Read Our Latest Stock Report on Accenture
Accenture Company Profile
(
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.
Featured Stories
Before you consider Accenture, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Accenture wasn't on the list.
While Accenture currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
