Wilkinson Global Asset Management LLC Has $69.29 Million Stock Position in Accenture PLC (NYSE:ACN)

Wilkinson Global Asset Management LLC lowered its stake in Accenture PLC (NYSE:ACN - Free Report) by 1.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 222,051 shares of the information technology services provider's stock after selling 2,739 shares during the period. Accenture makes up about 4.3% of Wilkinson Global Asset Management LLC's investment portfolio, making the stock its 8th largest holding. Wilkinson Global Asset Management LLC's holdings in Accenture were worth $69,289,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Mpwm Advisory Solutions LLC acquired a new stake in Accenture during the 4th quarter valued at $30,000. Park Square Financial Group LLC acquired a new position in shares of Accenture in the fourth quarter worth $31,000. Capital A Wealth Management LLC acquired a new position in shares of Accenture in the fourth quarter worth $34,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of Accenture in the fourth quarter worth $35,000. Finally, Inlight Wealth Management LLC acquired a new position in shares of Accenture in the first quarter worth $32,000. Institutional investors own 75.14% of the company's stock.

Accenture Stock Performance

Shares of NYSE ACN traded down $1.26 during mid-day trading on Monday, hitting $279.80. The company had a trading volume of 4,281,053 shares, compared to its average volume of 2,926,040. Accenture PLC has a 12 month low of $273.19 and a 12 month high of $398.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a market cap of $175.25 billion, a P/E ratio of 22.28, a PEG ratio of 2.64 and a beta of 1.29. The business's 50-day simple moving average is $309.00 and its 200-day simple moving average is $326.89.

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 analysts' consensus estimates of $3.32 by $0.17. The firm had revenue of $17.73 billion during the quarter, compared to analysts' expectations of $17.26 billion. Accenture had a net margin of 11.61% and a return on equity of 26.55%. The company's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.13 earnings per share. As a group, analysts predict that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Dividend Announcement

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 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Thursday, July 10th. Accenture's dividend payout ratio (DPR) is currently 47.13%.

Insider Activity

In other news, CEO Mauro Macchi sold 500 shares of Accenture stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $141,170.00. Following the completion of the transaction, the chief executive officer owned 2,283 shares in the company, valued at approximately $644,582.22. The trade was a 17.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO John F. Walsh sold 2,500 shares of Accenture stock in a transaction that occurred on 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 owned 15,882 shares of the company's stock, valued at $5,161,650. This trade represents a 13.60% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,454 shares of company stock worth $1,646,780. 0.02% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ACN has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on shares of Accenture from $349.00 to $353.00 and gave the stock an "overweight" rating in a research note on Monday, June 16th. Baird R W raised shares of Accenture from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Robert W. Baird upgraded shares of Accenture from a "neutral" rating to an "outperform" rating and set a $390.00 price objective for the company in a report on Monday, March 17th. Morgan Stanley decreased their price objective on shares of Accenture from $340.00 to $325.00 and set an "equal weight" rating for the company in a report on Tuesday, June 24th. Finally, BMO Capital Markets decreased their price objective on shares of Accenture from $355.00 to $325.00 and set a "market perform" rating for the company in a report on Monday, June 23rd. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $370.71.

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.