Greenwich Wealth Management LLC Has $462,000 Stock Holdings in Accenture plc (NYSE:ACN)

Greenwich Wealth Management LLC raised its position in shares of Accenture plc (NYSE:ACN) by 4.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,523 shares of the information technology services provider’s stock after purchasing an additional 66 shares during the quarter. Greenwich Wealth Management LLC’s holdings in Accenture were worth $462,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ACN. Unique Wealth Strategies LLC bought a new position in shares of Accenture in the 2nd quarter worth about $26,000. Annapolis Financial Services LLC boosted its holdings in shares of Accenture by 507.7% during the 1st quarter. Annapolis Financial Services LLC now owns 79 shares of the information technology services provider’s stock worth $27,000 after buying an additional 66 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of Accenture during the 2nd quarter worth approximately $28,000. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Accenture in the 4th quarter valued at $29,000. Finally, Atwood & Palmer Inc. boosted its stake in Accenture by 214.8% during the first quarter. Atwood & Palmer Inc. now owns 85 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 58 shares in the last quarter. 75.14% of the stock is owned by institutional investors.

Accenture Stock Performance

Accenture stock opened at $349.58 on Monday. The stock has a market cap of $219.08 billion, a P/E ratio of 32.01, a PEG ratio of 3.82 and a beta of 1.24. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week high of $387.51. The firm’s fifty day moving average price is $328.08 and its 200-day moving average price is $323.04.

Accenture (NYSE:ACN) last posted its quarterly earnings data 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 company 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 firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the company posted $3.19 earnings per share. Sell-side analysts predict that Accenture plc will post 11.95 earnings per share for the current year.

Accenture Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, July 11th were given a dividend of $1.29 per share. This represents a $5.16 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Thursday, July 11th. Accenture’s payout ratio is currently 47.25%.

Insider Activity at Accenture

In other Accenture news, General Counsel Joel Unruch sold 8,145 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $331.05, for a total value of $2,696,402.25. Following the completion of the sale, the general counsel now owns 22,849 shares in the company, valued at $7,564,161.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, General Counsel Joel Unruch sold 8,145 shares of the firm’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $331.05, for a total value of $2,696,402.25. Following the completion of the sale, the general counsel now owns 22,849 shares of the company’s stock, valued at $7,564,161.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kathleen R. Mcclure sold 3,000 shares of the business’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $309.22, for a total transaction of $927,660.00. Following the transaction, the chief financial officer now directly owns 40,070 shares in the company, valued at $12,390,445.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,421 shares of company stock valued at $6,912,635. Insiders own 0.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Guggenheim reiterated a “buy” rating and set a $395.00 price objective on shares of Accenture in a report on Friday, May 24th. Mizuho reduced their price target on shares of Accenture from $398.00 to $350.00 and set a “buy” rating for the company in a research report on Tuesday, June 18th. BMO Capital Markets lowered their price objective on shares of Accenture from $375.00 to $350.00 and set a “market perform” rating on the stock in a report on Friday, June 21st. Piper Sandler decreased their target price 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. Finally, Jefferies Financial Group dropped their price target on shares of Accenture from $340.00 to $275.00 and set a “hold” rating on the stock in a research report on Wednesday, June 5th. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.