Nwam LLC Sells 1,753 Shares of Accenture PLC (NYSE:ACN)

Nwam LLC trimmed its holdings in Accenture PLC (NYSE:ACN - Free Report) by 50.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,739 shares of the information technology services provider's stock after selling 1,753 shares during the quarter. Nwam LLC's holdings in Accenture were worth $543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC acquired a new position in shares of Accenture in the 4th quarter valued at about $30,000. Park Square Financial Group LLC acquired a new position in shares of Accenture in the 4th quarter valued at about $31,000. Capital A Wealth Management LLC bought a new stake in Accenture in the 4th quarter valued at about $34,000. Mountain Hill Investment Partners Corp. bought a new stake in Accenture in the 4th quarter valued at about $35,000. Finally, Inlight Wealth Management LLC bought a new stake in Accenture in the 1st quarter valued at about $32,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on the company. Evercore ISI assumed coverage on Accenture in a research report on Thursday. They issued an "outperform" rating and a $330.00 target price for the company. Piper Sandler decreased their target price on Accenture from $364.00 to $355.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. boosted their target price on Accenture from $349.00 to $353.00 and gave the company an "overweight" rating in a research report on Monday, June 16th. UBS Group reaffirmed a "buy" rating and issued a $395.00 target price (up from $390.00) on shares of Accenture in a research report on Thursday, May 22nd. Finally, Barclays decreased their price objective on Accenture from $390.00 to $360.00 and set an "overweight" rating for the company in a report on Monday, June 23rd. Eight 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, Accenture presently has an average rating of "Moderate Buy" and a consensus target price of $365.43.

Insider Buying and Selling

In other Accenture news, insider Angela Beatty sold 203 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.34, for a total transaction of $57,315.02. Following the sale, the insider owned 5,249 shares in the company, valued at $1,482,002.66. This 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 at this link. Also, CEO Mauro Macchi sold 500 shares of the company's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.34, for a total transaction of $141,170.00. Following the completion of the transaction, the chief executive officer directly owned 2,283 shares in the company, valued at approximately $644,582.22. The trade was a 17.97% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,454 shares of company stock worth $1,646,780. Insiders own 0.02% of the company's stock.

Accenture Stock Performance

Accenture stock traded down $0.33 during trading on Friday, hitting $282.37. The stock had a trading volume of 4,207,339 shares, compared to its average volume of 2,909,827. 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. The stock's 50 day moving average is $306.32 and its two-hundred day moving average is $324.54. The stock has a market cap of $176.86 billion, a price-to-earnings 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 posted its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 EPS for the quarter, beating the consensus estimate of $3.32 by $0.17. Accenture had a return on equity of 26.55% and a net margin of 11.61%. The business had revenue of $17.73 billion for the quarter, compared to the consensus estimate of $17.26 billion. During the same quarter in the prior year, the business earned $3.13 earnings per share. Accenture's revenue for the quarter was up 7.7% on a year-over-year basis. As a group, analysts predict that Accenture PLC will post 12.73 EPS for the current year.

Accenture Announces Dividend

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