Uniting Wealth Partners LLC lessened its holdings in shares of Accenture PLC (NYSE:ACN - Free Report) by 17.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 9,649 shares of the information technology services provider's stock after selling 2,000 shares during the period. Accenture accounts for 1.5% of Uniting Wealth Partners LLC's portfolio, making the stock its 12th largest position. Uniting Wealth Partners LLC's holdings in Accenture were worth $3,011,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Visionary Wealth Advisors grew its holdings in shares of 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 buying an additional 26 shares during the period. Vivaldi Capital Management LP grew its holdings in shares of 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 buying an additional 27 shares during the period. Nemes Rush Group LLC grew its holdings in shares of 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 buying an additional 29 shares during the period. United Community Bank grew its holdings in shares of Accenture by 1.5% in the 4th quarter. United Community Bank now owns 2,069 shares of the information technology services provider's stock valued at $728,000 after buying an additional 30 shares during the period. Finally, Tradition Wealth Management LLC grew its holdings in shares of 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 buying an additional 30 shares during the period. Institutional investors and hedge funds own 75.14% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on ACN. JPMorgan Chase & Co. boosted their price target on shares of Accenture from $349.00 to $353.00 and gave the company an "overweight" rating in a report on Monday, June 16th. Piper Sandler decreased their price target on shares of Accenture from $364.00 to $355.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Benchmark reissued a "mixed" rating on shares of Accenture in a report on Friday, June 20th. Mizuho set a $348.00 price objective on shares of Accenture and gave the company an "outperform" rating in a research report on Tuesday, June 24th. Finally, Robert W. Baird raised shares of Accenture from a "neutral" rating to an "outperform" rating and set a $390.00 price objective on the stock in a research report on Monday, March 17th. Seven equities research 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 company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $370.71.
Check Out Our Latest Analysis on ACN
Accenture Stock Down 0.3%
Shares of Accenture stock traded down $0.82 during trading hours on Friday, reaching $295.26. 4,159,093 shares of the company's stock were exchanged, compared to its average volume of 2,894,859. The company has a 50 day moving average of $308.04 and a two-hundred day moving average of $331.42. Accenture PLC has a fifty-two week low of $273.19 and a fifty-two week high of $398.35. 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 stock has a market cap of $184.93 billion, a P/E ratio of 23.28, a P/E/G ratio of 2.89 and a beta of 1.33.
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, topping analysts' consensus estimates of $3.32 by $0.17. The company had revenue of $17.73 billion during the quarter, compared to the consensus estimate of $17.26 billion. Accenture had a net margin of 11.61% and a return on equity of 26.55%. The company's quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $3.13 EPS. On average, sell-side analysts forecast that Accenture PLC will post 12.73 EPS 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 issued a $1.48 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 2.01%. Accenture's payout ratio is 47.13%.
Insider Activity
In other Accenture news, CEO Julie Spellman Sweet sold 2,284 shares of the stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $281.63, for a total value of $643,242.92. Following the transaction, the chief executive officer now directly owns 9,965 shares of the company's stock, valued at $2,806,442.95. This represents a 18.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO John F. Walsh sold 2,500 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $325.00, for a total transaction of $812,500.00. Following the completion of the transaction, the chief operating officer now directly owns 15,882 shares in the company, valued at approximately $5,161,650. This represents a 13.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,516 shares of company stock valued at $2,507,366. 0.02% of the stock is owned by company insiders.
Accenture Profile
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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.
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