Accenture PLC (NYSE:ACN) Shares Sold by Zevin Asset Management LLC

Zevin Asset Management LLC trimmed its holdings in Accenture PLC (NYSE:ACN - Free Report) by 6.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,855 shares of the information technology services provider's stock after selling 2,206 shares during the period. Zevin Asset Management LLC's holdings in Accenture were worth $10,252,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC purchased a new stake in Accenture during the 4th quarter valued at approximately $30,000. Park Square Financial Group LLC bought a new position in shares of Accenture during the fourth quarter worth $31,000. Capital A Wealth Management LLC purchased a new position in Accenture during the fourth quarter valued at $34,000. Mountain Hill Investment Partners Corp. purchased a new stake in Accenture in the 4th quarter worth $35,000. Finally, Inlight Wealth Management LLC bought a new position in shares of Accenture during the 1st quarter valued at about $32,000. Institutional investors own 75.14% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on ACN. JPMorgan Chase & Co. lifted their target price on Accenture from $349.00 to $353.00 and gave the stock an "overweight" rating in a report on Monday, June 16th. UBS Group restated a "buy" rating and set a $395.00 price target (up previously from $390.00) on shares of Accenture in a report on Thursday, May 22nd. Argus set a $370.00 target price on Accenture in a research report on Tuesday, June 24th. BMO Capital Markets cut their target price 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. Finally, Mizuho set a $348.00 price target on shares of Accenture and gave the company an "outperform" rating in a research note on Tuesday, June 24th. Eight investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Accenture currently has an average rating of "Moderate Buy" and an average price target of $365.43.

Accenture Stock Down 1.5%

NYSE:ACN traded down $4.39 during mid-day trading on Thursday, reaching $281.65. The company's stock had a trading volume of 3,950,275 shares, compared to its average volume of 3,331,526. 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 firm has a market capitalization of $176.40 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 2.71 and a beta of 1.29. The stock has a fifty day moving average of $304.11 and a 200-day moving average of $323.36. Accenture PLC has a 1 year low of $273.19 and a 1 year high of $398.35.

Accenture (NYSE:ACN - Get Free Report) last released its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.32 by $0.17. The firm had revenue of $17.73 billion for 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 last year, the firm earned $3.13 earnings per share. Equities research analysts forecast that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 10th will be paid a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Thursday, July 10th. Accenture's dividend payout ratio (DPR) is currently 47.13%.

Insider Buying and Selling

In other Accenture news, insider Angela Beatty sold 203 shares of the business's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $57,315.02. Following the completion of the transaction, the insider directly owned 5,249 shares in the company, valued at approximately $1,482,002.66. The trade was a 3.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Mauro Macchi sold 500 shares of the firm's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.34, for a total transaction of $141,170.00. Following the completion of the sale, the chief executive officer owned 2,283 shares in the company, valued at $644,582.22. This represents a 17.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,454 shares of company stock worth $1,646,780 in the last three months. 0.02% of the stock is owned by company insiders.

Accenture Company 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.