Fort Washington Investment Advisors Inc. OH Has $32.64 Million Holdings in Accenture plc (NYSE:ACN)

Fort Washington Investment Advisors Inc. OH grew its holdings in Accenture plc (NYSE:ACN) by 1.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 107,591 shares of the information technology services provider’s stock after purchasing an additional 1,073 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Accenture were worth $32,644,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. GUNN & Co INVESTMENT MANAGEMENT INC. purchased a new position in shares of Accenture during the 4th quarter valued at $295,000. Kovack Advisors Inc. acquired a new position in Accenture in the 4th quarter worth about $264,000. PGGM Investments purchased a new stake in shares of Accenture during the 4th quarter worth about $1,024,000. Silver Oak Securities Incorporated lifted its holdings in shares of Accenture by 84.7% during the 4th quarter. Silver Oak Securities Incorporated now owns 820 shares of the information technology services provider’s stock valued at $288,000 after buying an additional 376 shares during the last quarter. Finally, McAdam LLC grew its stake in shares of Accenture by 6.5% in the 4th quarter. McAdam LLC now owns 1,218 shares of the information technology services provider’s stock valued at $427,000 after buying an additional 74 shares in the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Stock Performance

Shares of ACN traded up $1.63 during trading hours on Friday, reaching $341.84. 2,004,018 shares of the company traded hands, compared to its average volume of 2,810,327. Accenture plc has a 1-year low of $278.69 and a 1-year high of $387.51. The stock has a market cap of $214.23 billion, a P/E ratio of 31.31, a price-to-earnings-growth ratio of 3.66 and a beta of 1.23. The stock’s fifty day moving average is $319.32 and its 200 day moving average is $325.69.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, June 20th. The information technology services provider reported $3.13 EPS for the quarter, missing the consensus estimate of $3.15 by ($0.02). The firm had revenue of $16.47 billion during 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 company’s revenue was down .6% on a year-over-year basis. During the same period last year, the company earned $3.19 EPS. On average, equities research 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 was paid on Thursday, August 15th. Shareholders of record on Thursday, July 11th were issued a $1.29 dividend. This represents a $5.16 annualized dividend and a yield of 1.51%. The ex-dividend date was Thursday, July 11th. Accenture’s dividend payout ratio (DPR) is presently 47.25%.

Analyst Ratings Changes

A number of research firms have issued reports on ACN. Wedbush reduced their target price on shares of Accenture from $400.00 to $350.00 and set an “outperform” rating for the company in a research note on Wednesday, June 12th. Piper Sandler Companies lowered their target price on shares of Accenture from $379.00 to $320.00 and set a “neutral” rating on the stock in a research report on Monday, June 17th. Susquehanna cut their target price on Accenture from $360.00 to $350.00 and set a “neutral” rating on the stock in a report on Friday, June 21st. Bank of America decreased their price target on Accenture from $419.00 to $365.00 and set a “buy” rating for the company in a research note on Wednesday, June 5th. Finally, 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 note on Friday, June 21st. Eleven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Accenture presently has an average rating of “Moderate Buy” and an average target price of $352.33.

Insider Activity

In related 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 value of $1,166,972.80. Following the sale, the chief executive officer now owns 11,819 shares of the company’s stock, valued at $3,652,661.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Julie Spellman Sweet sold 3,776 shares of the business’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $309.05, for a total value of $1,166,972.80. Following the sale, the chief executive officer now owns 11,819 shares of the company’s stock, valued at approximately $3,652,661.95. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kathleen R. Mcclure sold 1,500 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $315.00, for a total transaction of $472,500.00. Following the completion of the sale, the chief financial officer now directly owns 38,570 shares in the company, valued at approximately $12,149,550. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,421 shares of company stock worth $6,912,635. 0.07% of the stock is currently owned by corporate insiders.

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.