Accenture plc (NYSE:ACN) Stake Cut by Bokf Na

Bokf Na decreased its holdings in shares of Accenture plc (NYSE:ACN) by 43.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,390 shares of the information technology services provider’s stock after selling 18,733 shares during the period. Bokf Na’s holdings in Accenture were worth $7,400,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. TrinityPoint Wealth LLC boosted its stake in Accenture by 3.6% in the fourth quarter. TrinityPoint Wealth LLC now owns 3,646 shares of the information technology services provider’s stock valued at $1,279,000 after acquiring an additional 125 shares during the period. Focus Financial Network Inc. ADV acquired a new position in Accenture during the 4th quarter valued at approximately $4,594,000. New Mexico Educational Retirement Board grew its stake in Accenture by 11.9% during the 1st quarter. New Mexico Educational Retirement Board now owns 36,750 shares of the information technology services provider’s stock worth $12,393,000 after buying an additional 3,900 shares during the last quarter. Platform Technology Partners lifted its stake in Accenture by 7.0% in the fourth quarter. Platform Technology Partners now owns 1,996 shares of the information technology services provider’s stock valued at $733,000 after buying an additional 131 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Accenture by 13.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 183,446 shares of the information technology services provider’s stock valued at $63,584,000 after acquiring an additional 21,516 shares during the period. 75.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Accenture

In related news, General Counsel Joel Unruch sold 8,145 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $331.05, for a total transaction of $2,696,402.25. Following the transaction, the general counsel now directly 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 the SEC website. In related news, General Counsel Joel Unruch sold 8,145 shares of Accenture stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $331.05, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Julie Spellman Sweet sold 3,776 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 11,819 shares in the company, valued at $3,652,661.95. The disclosure for this sale can be found here. Insiders have sold a total of 21,421 shares of company stock valued at $6,912,635 in the last 90 days. 0.07% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on ACN. Wedbush cut their price objective on shares of Accenture from $400.00 to $350.00 and set an “outperform” rating on the stock in a research 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 for the company in a report on Friday, June 21st. Barclays cut their target price on Accenture from $390.00 to $350.00 and set an “overweight” rating on the stock in a research note on Monday, June 17th. The Goldman Sachs Group initiated coverage on Accenture in a report on Monday, June 24th. They set a “neutral” rating and a $335.00 price target on the stock. Finally, Guggenheim reaffirmed a “buy” rating and issued a $395.00 price objective on shares of Accenture in a report on Friday, May 24th. Eleven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $354.68.

Accenture Trading Down 0.1 %

ACN stock opened at $349.90 on Friday. The firm has a 50-day moving average of $327.07 and a two-hundred day moving average of $324.00. The firm has a market capitalization of $219.28 billion, a PE ratio of 32.04, a P/E/G ratio of 3.60 and a beta of 1.24. Accenture plc has a one year low of $278.69 and a one year high of $387.51.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, June 20th. The information technology services provider reported $3.13 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $16.55 billion. During the same period in the prior year, the business posted $3.19 EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities research analysts anticipate that Accenture plc will post 11.95 earnings per share for the current year.

Accenture Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, July 11th were paid a $1.29 dividend. This represents a $5.16 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Thursday, July 11th. Accenture’s dividend payout ratio is currently 47.25%.

About Accenture

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.