Accenture plc (NYSE:ACN) Shares Sold by Everett Harris & Co. CA

Everett Harris & Co. CA reduced its position in shares of Accenture plc (NYSE:ACN) by 0.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 370,682 shares of the information technology services provider’s stock after selling 3,055 shares during the quarter. Accenture accounts for approximately 1.7% of Everett Harris & Co. CA’s investment portfolio, making the stock its 13th biggest holding. Everett Harris & Co. CA owned approximately 0.06% of Accenture worth $128,482,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Chilton Capital Management LLC raised its stake in shares of Accenture by 180.0% during the 4th quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock worth $25,000 after buying an additional 45 shares during the period. DiNuzzo Private Wealth Inc. acquired a new position in Accenture during the fourth quarter worth $27,000. Annapolis Financial Services LLC lifted its holdings in Accenture by 507.7% during the first quarter. Annapolis Financial Services LLC now owns 79 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 66 shares in the last quarter. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Accenture in the fourth quarter valued at about $29,000. Finally, Atwood & Palmer Inc. raised its position in shares of Accenture by 214.8% during the 1st quarter. Atwood & Palmer Inc. now owns 85 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 58 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on ACN. Wedbush lowered their price objective on Accenture from $400.00 to $350.00 and set an “outperform” rating on the stock in a report on Wednesday, June 12th. StockNews.com downgraded Accenture from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Guggenheim reaffirmed a “buy” rating and set a $395.00 target price on shares of Accenture in a research note on Friday, May 24th. TD Cowen reduced their target price on shares of Accenture from $294.00 to $293.00 and set a “hold” rating for the company in a research report on Friday, June 21st. Finally, Susquehanna lowered their price target on shares of Accenture from $360.00 to $350.00 and set a “neutral” rating on the stock in a research report on Friday, June 21st. Twelve investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $352.74.

Insider Transactions at Accenture

In other Accenture news, insider Ellyn Shook sold 5,000 shares of the firm’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 transaction, the insider now owns 13,699 shares of the company’s stock, valued at approximately $4,208,606.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Jean-Marc Ollagnier sold 6,250 shares of the business’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $315.91, for a total value of $1,974,437.50. Following the completion of the sale, the chief executive officer now directly owns 161,581 shares of the company’s stock, valued at $51,045,053.71. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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 transaction, the insider now directly owns 13,699 shares in the company, valued at approximately $4,208,606.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,083 shares of company stock valued at $6,302,285. 0.07% of the stock is currently owned by corporate insiders.

Accenture Stock Performance

Shares of Accenture stock traded up $1.92 on Thursday, reaching $305.75. The company had a trading volume of 1,751,215 shares, compared to its average volume of 4,312,141. The firm’s 50 day moving average price is $299.45 and its two-hundred day moving average price is $335.28. Accenture plc has a 52-week low of $278.69 and a 52-week high of $387.51. The firm has a market cap of $191.61 billion, a PE ratio of 28.00, a PEG ratio of 3.39 and a beta of 1.23.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, June 20th. The information technology services provider reported $3.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). Accenture had a net margin of 10.79% and a return on equity of 27.48%. The firm had revenue of $16.47 billion during the quarter, compared to analysts’ expectations of $16.55 billion. During the same period in the previous year, the firm earned $3.19 EPS. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, sell-side analysts predict that Accenture plc will post 11.95 EPS for the current year.

Accenture Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 11th will be paid a dividend of $1.29 per share. The ex-dividend date is Thursday, July 11th. This represents a $5.16 dividend on an annualized basis and a yield of 1.69%. Accenture’s dividend payout ratio (DPR) is presently 47.25%.

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.