Diversified Trust Co Increases Holdings in Accenture plc (NYSE:ACN)

Diversified Trust Co boosted its holdings in shares of Accenture plc (NYSE:ACN) by 17.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,150 shares of the information technology services provider’s stock after purchasing an additional 1,500 shares during the quarter. Diversified Trust Co’s holdings in Accenture were worth $3,518,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in ACN. Pin Oak Investment Advisors Inc. boosted its holdings in shares of Accenture by 8.2% during the 4th quarter. Pin Oak Investment Advisors Inc. now owns 357 shares of the information technology services provider’s stock worth $125,000 after purchasing an additional 27 shares during the last quarter. Brave Asset Management Inc. boosted its stake in Accenture by 2.8% during the fourth quarter. Brave Asset Management Inc. now owns 1,028 shares of the information technology services provider’s stock worth $361,000 after buying an additional 28 shares during the last quarter. Addison Advisors LLC grew its holdings in Accenture by 0.9% in the 4th quarter. Addison Advisors LLC now owns 3,181 shares of the information technology services provider’s stock valued at $1,116,000 after buying an additional 28 shares in the last quarter. Searle & CO. increased its stake in shares of Accenture by 3.6% in the 4th quarter. Searle & CO. now owns 803 shares of the information technology services provider’s stock worth $282,000 after acquiring an additional 28 shares during the last quarter. Finally, Sound View Wealth Advisors Group LLC boosted its position in shares of Accenture by 2.1% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 1,363 shares of the information technology services provider’s stock valued at $478,000 after acquiring an additional 28 shares during the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Trading Down 0.3 %

Shares of NYSE:ACN opened at $302.43 on Tuesday. Accenture plc has a 52 week low of $278.69 and a 52 week high of $387.51. The company’s 50 day moving average is $300.17 and its two-hundred day moving average is $336.05. The company has a market cap of $202.85 billion, a PE ratio of 27.70, a P/E/G ratio of 3.38 and a beta of 1.21.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, June 20th. The information technology services provider reported $3.13 EPS for the quarter, missing the consensus estimate of $3.15 by ($0.02). The business had revenue of $16.47 billion during the quarter, compared to analysts’ expectations of $16.55 billion. Accenture had a net margin of 10.79% and a return on equity of 27.48%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the company earned $3.19 EPS. As a group, equities research analysts expect that Accenture plc will post 11.95 EPS for the current year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, July 11th will be given a dividend of $1.29 per share. The ex-dividend date is Thursday, July 11th. This represents a $5.16 annualized dividend and a dividend yield of 1.71%. Accenture’s dividend payout ratio is presently 47.25%.

Analysts Set New Price Targets

A number of equities analysts have commented on ACN shares. Mizuho reduced their target price on shares of Accenture from $398.00 to $350.00 and set a “buy” rating on the stock in a research note on Tuesday, June 18th. Royal Bank of Canada upped their price objective on Accenture from $374.00 to $381.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Redburn Atlantic raised their target price on Accenture from $410.00 to $445.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Wedbush decreased their price target on Accenture from $400.00 to $350.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 12th. Finally, The Goldman Sachs Group started coverage on shares of Accenture in a report on Monday, June 24th. They issued a “neutral” rating and a $335.00 price objective on the stock. Twelve analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $352.74.

Insider Activity at Accenture

In other Accenture news, General Counsel Joel Unruch sold 4,333 shares of the firm’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $316.12, for a total transaction of $1,369,747.96. Following the transaction, the general counsel now owns 30,702 shares of the company’s stock, valued at $9,705,516.24. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, General Counsel Joel Unruch sold 4,333 shares of the firm’s stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $316.12, for a total transaction of $1,369,747.96. Following the transaction, the general counsel now owns 30,702 shares in the company, valued at approximately $9,705,516.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ellyn Shook sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $307.22, for a total value of $1,536,100.00. Following the completion of the sale, the insider now owns 13,699 shares of the company’s stock, valued at approximately $4,208,606.78. The disclosure for this sale can be found here. Insiders have sold 20,083 shares of company stock valued at $6,302,285 in the last ninety days. Insiders own 0.07% of the company’s stock.

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.