Private Capital Advisors Inc. Acquires New Holdings in Accenture PLC (NYSE:ACN)

Private Capital Advisors Inc. acquired a new stake in Accenture PLC (NYSE:ACN - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 44,810 shares of the information technology services provider's stock, valued at approximately $13,983,000. Accenture comprises approximately 1.7% of Private Capital Advisors Inc.'s portfolio, making the stock its 16th largest position.

A number of other large investors have also recently added to or reduced their stakes in the business. Visionary Wealth Advisors grew its stake in Accenture by 3.5% in the 4th quarter. Visionary Wealth Advisors now owns 778 shares of the information technology services provider's stock valued at $274,000 after acquiring an additional 26 shares during the last quarter. Vivaldi Capital Management LP lifted its holdings in Accenture by 3.6% in the 4th quarter. Vivaldi Capital Management LP now owns 782 shares of the information technology services provider's stock valued at $292,000 after purchasing an additional 27 shares in the last quarter. Nemes Rush Group LLC lifted its holdings in Accenture by 7.5% in the 4th quarter. Nemes Rush Group LLC now owns 418 shares of the information technology services provider's stock valued at $147,000 after purchasing an additional 29 shares in the last quarter. Tradition Wealth Management LLC lifted its holdings in Accenture by 0.3% in the 4th quarter. Tradition Wealth Management LLC now owns 10,981 shares of the information technology services provider's stock valued at $3,863,000 after purchasing an additional 30 shares in the last quarter. Finally, Sentinus LLC lifted its holdings in Accenture by 4.2% in the 4th quarter. Sentinus LLC now owns 763 shares of the information technology services provider's stock valued at $268,000 after purchasing an additional 31 shares in the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Accenture

In other Accenture news, COO John F. Walsh sold 2,500 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.02% of the stock is owned by company insiders.

Accenture Trading Down 2.5%

NYSE ACN opened at $281.01 on Monday. Accenture PLC has a one year low of $273.19 and a one year high of $398.35. The company's 50 day moving average price is $309.00 and its 200 day moving average price is $326.89. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a market capitalization of $176.00 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 2.64 and a beta of 1.29.

Accenture (NYSE:ACN - Get Free Report) last posted its quarterly earnings results 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 net margin of 11.61% and a return on equity of 26.55%. The firm had revenue of $17.73 billion for the quarter, compared to analyst estimates of $17.26 billion. During the same quarter last year, the firm posted $3.13 earnings per share. Accenture's revenue for the quarter was up 7.7% compared to the same quarter last year. On average, sell-side analysts predict that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 10th will be given a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 2.11%. The ex-dividend date is Thursday, July 10th. Accenture's dividend payout ratio (DPR) is 47.13%.

Analysts Set New Price Targets

A number of research analysts have issued reports on ACN shares. Morgan Stanley reduced their target price on shares of Accenture from $340.00 to $325.00 and set an "equal weight" rating on the stock in a report on Tuesday, June 24th. JPMorgan Chase & Co. upped their target price on shares of Accenture from $349.00 to $353.00 and gave the company an "overweight" rating in a report on Monday, June 16th. UBS Group restated a "buy" rating and issued a $395.00 target price (up from $390.00) on shares of Accenture in a report on Thursday, May 22nd. Royal Bank Of Canada cut their price objective on shares of Accenture from $399.00 to $392.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Finally, BMO Capital Markets cut their price objective 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. Seven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $370.71.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.