263 Shares in Accenture plc (NYSE:ACN) Bought by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division acquired a new position in shares of Accenture plc (NYSE:ACN) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 263 shares of the information technology services provider’s stock, valued at approximately $89,000.

Other large investors have also recently added to or reduced their stakes in the company. Chilton Capital Management LLC lifted its stake in Accenture by 180.0% in the fourth quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock valued at $25,000 after buying an additional 45 shares during the last quarter. DiNuzzo Private Wealth Inc. bought a new stake in Accenture in the fourth quarter valued at $27,000. Annapolis Financial Services LLC lifted its stake in Accenture by 507.7% in the first quarter. Annapolis Financial Services LLC now owns 79 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 66 shares during the last quarter. Ables Iannone Moore & Associates Inc. bought a new stake in Accenture in the fourth quarter valued at $29,000. Finally, Atwood & Palmer Inc. lifted its stake in Accenture by 214.8% in the first quarter. Atwood & Palmer Inc. now owns 85 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 58 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors.

Accenture Price Performance

NYSE:ACN opened at $295.48 on Thursday. The stock has a market cap of $185.18 billion, a PE ratio of 27.06, a price-to-earnings-growth ratio of 3.34 and a beta of 1.23. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week high of $387.51. The stock’s 50-day moving average is $299.02 and its two-hundred day moving average is $333.68.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, June 20th. The information technology services provider reported $3.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.15 by ($0.02). The firm had revenue of $16.47 billion for the quarter, compared to analyst estimates of $16.55 billion. Accenture had a net margin of 10.79% and a return on equity of 27.48%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.19 earnings per share. On average, equities research analysts anticipate that Accenture plc will post 11.95 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 11th will be issued a $1.29 dividend. The ex-dividend date is Thursday, July 11th. This represents a $5.16 annualized dividend and a yield of 1.75%. Accenture’s dividend payout ratio (DPR) is currently 47.25%.

Analysts Set New Price Targets

ACN has been the topic of a number of recent analyst reports. StockNews.com cut shares of Accenture from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Citigroup cut their price objective on shares of Accenture from $430.00 to $400.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Royal Bank of Canada lifted their price objective on shares of Accenture from $374.00 to $381.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Jefferies Financial Group lowered their target price on Accenture from $340.00 to $275.00 and set a “hold” rating on the stock in a report on Wednesday, June 5th. Finally, Deutsche Bank Aktiengesellschaft lowered Accenture from a “buy” rating to a “hold” rating and lowered their target price for the stock from $409.00 to $295.00 in a report on Wednesday, May 15th. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $351.82.

Insider Buying and Selling

In related news, insider Ellyn Shook sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The stock was 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 directly owns 13,699 shares in the company, valued at approximately $4,208,606.78. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Accenture news, CEO Jean-Marc Ollagnier sold 6,250 shares of Accenture stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $315.91, for a total value of $1,974,437.50. Following the transaction, the chief executive officer now directly owns 161,581 shares of the company’s stock, valued at approximately $51,045,053.71. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $307.22, for a total value of $1,536,100.00. Following the completion of the transaction, the insider now directly owns 13,699 shares in the company, valued at $4,208,606.78. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,083 shares of company stock worth $6,302,285. 0.07% of the stock is currently owned by 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.