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Accenture PLC (NYSE:ACN) Stock Position Decreased by Keybank National Association OH

Accenture logo with Computer and Technology background

Keybank National Association OH cut its holdings in Accenture PLC (NYSE:ACN - Free Report) by 1.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 298,593 shares of the information technology services provider's stock after selling 5,928 shares during the quarter. Keybank National Association OH's holdings in Accenture were worth $93,173,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Capital Research Global Investors boosted its stake in shares of 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 worth $4,325,526,000 after purchasing an additional 1,770,024 shares during the last quarter. Alteri Wealth LLC acquired a new stake in Accenture during the fourth quarter worth approximately $321,000. Proficio Capital Partners LLC grew its stake in 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 during the period. Exchange Traded Concepts LLC raised its holdings in Accenture by 62.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 905 shares of the information technology services provider's stock valued at $282,000 after acquiring an additional 347 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Accenture during the 4th quarter worth $317,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Morgan Stanley reduced their target price on Accenture from $340.00 to $325.00 and set an "equal weight" rating on the stock in a research report on Tuesday, June 24th. Royal Bank Of Canada decreased their target price on shares of Accenture from $399.00 to $392.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Benchmark reaffirmed a "mixed" rating on shares of Accenture in a research report on Friday, June 20th. BMO Capital Markets decreased their price target on shares of Accenture from $355.00 to $325.00 and set a "market perform" rating on the stock in a report on Monday, June 23rd. Finally, Argus set a $370.00 target price on Accenture in a research report on Tuesday, June 24th. Seven investment 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 has an average rating of "Moderate Buy" and a consensus price target of $370.71.

View Our Latest Research Report on Accenture

Accenture Stock Down 0.2%

ACN stock traded down $0.62 during trading on Wednesday, reaching $302.00. The stock had a trading volume of 2,748,416 shares, compared to its average volume of 2,899,840. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The firm has a fifty day moving average price of $308.79 and a 200 day moving average price of $330.60. The company has a market capitalization of $189.15 billion, a P/E ratio of 24.04, a PEG ratio of 2.93 and a beta of 1.30. Accenture PLC has a 1-year low of $273.19 and a 1-year high of $398.35.

Accenture (NYSE:ACN - Get Free Report) last issued its quarterly earnings results on Friday, June 20th. The information technology services provider reported $3.49 EPS for the quarter, beating 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 the consensus estimate of $17.26 billion. During the same quarter in the prior year, the business posted $3.13 earnings per share. Accenture's revenue for the quarter was up 7.7% on a year-over-year basis. On average, equities analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 10th will be paid a dividend of $1.48 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $5.92 dividend on an annualized basis and a yield of 1.96%. Accenture's dividend payout ratio (DPR) is 47.13%.

Insider Activity at Accenture

In other news, General Counsel Joel Unruch sold 3,563 shares of Accenture 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 completion of the transaction, the general counsel owned 17,237 shares in the company, valued at approximately $4,857,041.86. This trade represents a 17.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John F. Walsh sold 2,500 shares of the business's stock in a transaction that occurred on 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 owned 15,882 shares of the company's stock, valued at $5,161,650. This trade represents a 13.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,516 shares of company stock valued at $2,507,366 in the last 90 days. 0.02% of the stock is currently owned by insiders.

Accenture 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.

See Also

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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