Accenture plc (NYSE:ACN) Shares Sold by Moisand Fitzgerald Tamayo LLC

Moisand Fitzgerald Tamayo LLC reduced its stake in Accenture plc (NYSE:ACN) by 8.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 975 shares of the information technology services provider’s stock after selling 90 shares during the period. Moisand Fitzgerald Tamayo LLC’s holdings in Accenture were worth $338,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Avity Investment Management Inc. lifted its stake in Accenture by 6.8% during the first quarter. Avity Investment Management Inc. now owns 107,822 shares of the information technology services provider’s stock worth $37,372,000 after purchasing an additional 6,884 shares in the last quarter. Webster Bank N. A. boosted its holdings in Accenture by 8.6% during the 1st quarter. Webster Bank N. A. now owns 9,155 shares of the information technology services provider’s stock valued at $3,173,000 after acquiring an additional 724 shares during the period. KRS Capital Management LLC increased its stake in Accenture by 12.6% during the first quarter. KRS Capital Management LLC now owns 1,876 shares of the information technology services provider’s stock worth $650,000 after purchasing an additional 210 shares during the period. Astoria Portfolio Advisors LLC. boosted its stake in shares of Accenture by 12.1% in the first quarter. Astoria Portfolio Advisors LLC. now owns 1,756 shares of the information technology services provider’s stock valued at $609,000 after purchasing an additional 189 shares during the period. Finally, Norway Savings Bank increased its stake in Accenture by 6.8% during the 1st quarter. Norway Savings Bank now owns 3,667 shares of the information technology services provider’s stock worth $1,271,000 after buying an additional 235 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Activity at Accenture

In related news, General Counsel Joel Unruch sold 4,333 shares of the company’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 value of $1,369,747.96. Following the sale, the general counsel now owns 30,702 shares in the company, valued at approximately $9,705,516.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Accenture news, General Counsel Joel Unruch sold 4,333 shares of the company’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $316.12, for a total value of $1,369,747.96. Following the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kathleen R. Mcclure sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $316.00, for a total transaction of $1,422,000.00. Following the transaction, the chief financial officer now directly owns 42,781 shares of the company’s stock, valued at $13,518,796. The disclosure for this sale can be found here. Insiders sold 20,083 shares of company stock worth $6,302,285 over the last 90 days. Company insiders own 0.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. BMO Capital Markets cut their price objective on Accenture from $375.00 to $350.00 and set a “market perform” rating on the stock in a research report on Friday, June 21st. TD Cowen decreased their price objective on Accenture from $294.00 to $293.00 and set a “hold” rating for the company in a research note on Friday, June 21st. Bank of America reduced their target price on shares of Accenture from $419.00 to $365.00 and set a “buy” rating on the stock in a report on Wednesday, June 5th. StockNews.com downgraded shares of Accenture from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Finally, Piper Sandler Companies decreased their price objective on shares of Accenture from $379.00 to $320.00 and set a “neutral” rating for the company in a research report on Monday, June 17th. Twelve research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Accenture currently has a consensus rating of “Moderate Buy” and a consensus price target of $352.74.

Accenture Trading Up 0.1 %

Shares of Accenture stock traded up $0.22 during trading hours on Friday, hitting $303.41. 14,905,693 shares of the company were exchanged, compared to its average volume of 4,036,297. The stock has a market capitalization of $203.51 billion, a price-to-earnings ratio of 27.80, a P/E/G ratio of 3.38 and a beta of 1.21. The business has a 50-day moving average of $300.17 and a 200-day moving average of $336.15. Accenture plc has a 1 year low of $278.69 and a 1 year high of $387.51.

Accenture (NYSE:ACN) last posted 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). Accenture had a return on equity of 27.48% and a net margin of 10.79%. The firm had revenue of $16.47 billion for the quarter, compared to analysts’ expectations of $16.55 billion. During the same period in the prior year, the company earned $3.19 earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. As a group, research analysts anticipate that Accenture plc will post 11.95 earnings per share for the current fiscal year.

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.70%. Accenture’s dividend payout ratio is presently 47.25%.

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.