Thompson Siegel & Walmsley LLC Buys 5,000 Shares of Accenture plc (NYSE:ACN)

Thompson Siegel & Walmsley LLC raised its stake in Accenture plc (NYSE:ACN) by 63.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,912 shares of the information technology services provider’s stock after purchasing an additional 5,000 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Accenture were worth $3,918,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Pin Oak Investment Advisors Inc. boosted its holdings in 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 acquiring an additional 27 shares during the last quarter. IronBridge Private Wealth LLC boosted its position in Accenture by 2.3% in the fourth quarter. IronBridge Private Wealth LLC now owns 1,235 shares of the information technology services provider’s stock worth $433,000 after purchasing an additional 28 shares during the last quarter. Kolinsky Wealth Management LLC grew its stake in Accenture by 1.0% in the 4th quarter. Kolinsky Wealth Management LLC now owns 2,888 shares of the information technology services provider’s stock valued at $1,013,000 after purchasing an additional 30 shares during the period. Walled Lake Planning & Wealth Management LLC raised its stake in shares of Accenture by 0.3% during the 4th quarter. Walled Lake Planning & Wealth Management LLC now owns 11,740 shares of the information technology services provider’s stock worth $4,120,000 after purchasing an additional 32 shares during the period. Finally, West Paces Advisors Inc. boosted its holdings in shares of Accenture by 10.2% in the 1st quarter. West Paces Advisors Inc. now owns 346 shares of the information technology services provider’s stock worth $120,000 after buying an additional 32 shares during the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Accenture

In other news, CEO Julie Spellman Sweet sold 3,776 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $309.05, for a total transaction of $1,166,972.80. Following the completion of the transaction, the chief executive officer now directly owns 11,819 shares of the company’s stock, valued at $3,652,661.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Julie Spellman Sweet sold 3,776 shares of the firm’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $309.05, for a total value of $1,166,972.80. Following the completion of the sale, the chief executive officer now directly owns 11,819 shares of the company’s stock, valued at approximately $3,652,661.95. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ellyn Shook sold 5,000 shares of the stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $329.82, for a total transaction of $1,649,100.00. Following the completion of the transaction, the insider now directly owns 8,989 shares of the company’s stock, valued at $2,964,751.98. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,421 shares of company stock worth $6,912,635. Insiders own 0.07% of the company’s stock.

Accenture Price Performance

Shares of ACN opened at $349.58 on Monday. The firm has a market cap of $219.08 billion, a P/E ratio of 32.01, a P/E/G ratio of 3.82 and a beta of 1.24. Accenture plc has a 1 year low of $278.69 and a 1 year high of $387.51. The stock has a 50 day simple moving average of $328.08 and a two-hundred day simple moving average of $323.04.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, June 20th. The information technology services provider reported $3.13 earnings per share 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 the consensus estimate of $16.55 billion. Accenture had a return on equity of 27.48% and a net margin of 10.79%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.19 earnings per share. On average, equities analysts anticipate that Accenture plc will post 11.95 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 11th were paid a dividend of $1.29 per share. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend was Thursday, July 11th. Accenture’s dividend payout ratio (DPR) is presently 47.25%.

Wall Street Analyst Weigh In

ACN has been the topic of several research reports. Morgan Stanley lowered Accenture from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $382.00 to $300.00 in a research note on Wednesday, June 26th. Stifel Nicolaus cut their price target on Accenture from $395.00 to $340.00 and set a “buy” rating for the company in a report on Wednesday, June 12th. BMO Capital Markets decreased their price objective on Accenture from $375.00 to $350.00 and set a “market perform” rating on the stock in a research note on Friday, June 21st. Piper Sandler cut their target price on Accenture from $379.00 to $320.00 and set a “neutral” rating for the company in a research note on Monday, June 17th. Finally, Guggenheim reissued a “buy” rating and issued a $395.00 price target on shares of Accenture in a report on Friday, May 24th. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $354.68.

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.