Accenture PLC (NYSE:ACN) Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC lessened its holdings in Accenture PLC (NYSE:ACN - Free Report) by 32.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,861 shares of the information technology services provider's stock after selling 6,797 shares during the quarter. Kintegral Advisory LLC's holdings in Accenture were worth $4,325,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mpwm Advisory Solutions LLC bought a new position in Accenture during the fourth quarter worth $30,000. Park Square Financial Group LLC purchased a new position in Accenture in the 4th quarter worth approximately $31,000. Promus Capital LLC bought a new stake in shares of Accenture in the 4th quarter worth approximately $34,000. Capital A Wealth Management LLC purchased a new stake in Accenture during the 4th quarter valued at about $34,000. Finally, Mountain Hill Investment Partners Corp. purchased a new position in shares of Accenture in the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 75.14% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on ACN. Mizuho set a $348.00 price objective on shares of Accenture and gave the stock an "outperform" rating in a report on Tuesday, June 24th. UBS Group reissued a "buy" rating and issued a $395.00 target price (up from $390.00) on shares of Accenture in a research note on Thursday, May 22nd. Royal Bank Of Canada dropped their price target on shares of Accenture from $399.00 to $392.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. BMO Capital Markets reduced their price objective on shares of Accenture from $355.00 to $325.00 and set a "market perform" rating for the company in a research note on Monday, June 23rd. Finally, Robert W. Baird upgraded shares of Accenture from a "neutral" rating to an "outperform" rating and set a $390.00 price target on the stock in a report on Monday, March 17th. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Accenture currently has an average rating of "Moderate Buy" and an average price target of $370.71.

Insiders Place Their Bets

In other Accenture news, General Counsel Joel Unruch sold 3,563 shares of Accenture stock in a transaction on Friday, April 11th. The shares were 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 of the company's stock, valued at approximately $4,857,041.86. The trade was a 17.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Angela Beatty sold 169 shares of Accenture stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $281.90, for a total transaction of $47,641.10. Following the completion of the sale, the insider owned 5,364 shares in the company, valued at approximately $1,512,111.60. This trade represents a 3.05% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,516 shares of company stock valued at $2,507,366. Corporate insiders own 0.02% of the company's stock.

Accenture Price Performance

ACN stock traded up $2.29 during trading on Friday, reaching $304.58. The company's stock had a trading volume of 1,616,133 shares, compared to its average volume of 2,902,190. The company's fifty day moving average is $309.33 and its 200-day moving average is $330.04. The company has a market capitalization of $190.76 billion, a P/E ratio of 24.25, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29. Accenture PLC has a 1 year low of $273.19 and a 1 year 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.

Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings results on Friday, June 20th. The information technology services provider reported $3.49 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $17.26 billion. During the same quarter in the previous year, the company earned $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 announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 10th will be paid a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Thursday, July 10th. Accenture's dividend payout ratio is currently 47.13%.

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.