Aaron Wealth Advisors LLC Has $2.41 Million Stock Position in Accenture PLC (NYSE:ACN)

Aaron Wealth Advisors LLC lessened its stake in Accenture PLC (NYSE:ACN) by 2.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 7,727 shares of the information technology services provider’s stock after selling 210 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Accenture were worth $2,411,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Accenture in the 4th quarter valued at about $30,000. Mpwm Advisory Solutions LLC bought a new position in shares of Accenture during the fourth quarter worth about $30,000. Park Square Financial Group LLC acquired a new stake in Accenture in the 4th quarter valued at approximately $31,000. Inlight Wealth Management LLC acquired a new position in Accenture during the 1st quarter worth approximately $32,000. Finally, Promus Capital LLC bought a new position in shares of Accenture during the 4th quarter worth approximately $34,000. Institutional investors own 75.14% of the company’s stock.

Insider Transactions at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 2,284 shares of the stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $281.63, for a total transaction of $643,242.92. Following the transaction, the chief executive officer owned 9,965 shares in the company, valued at $2,806,442.95. This represents a 18.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO John F. Walsh sold 2,500 shares of Accenture stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $325.00, for a total transaction of $812,500.00. Following the completion of the sale, the chief operating officer owned 15,882 shares of the company’s stock, valued at approximately $5,161,650. The trade was a 13.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,516 shares of company stock worth $2,507,366 over the last quarter. 0.02% of the stock is currently owned by corporate insiders.

Accenture Price Performance

Shares of ACN opened at $302.56 on Wednesday. The firm has a market capitalization of $189.50 billion, a PE ratio of 24.09, a PEG ratio of 2.93 and a beta of 1.30. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. The company’s 50-day moving average is $308.79 and its 200-day moving average is $330.60. Accenture PLC has a fifty-two week low of $273.19 and a fifty-two week high of $398.35.

Accenture (NYSE:ACN) last released its quarterly earnings results on Friday, June 20th. The information technology services provider reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.17. Accenture had a net margin of 11.61% and a return on equity of 26.55%. The firm had revenue of $17.73 billion for the quarter, compared to analysts’ expectations of $17.26 billion. During the same period in the prior year, the firm earned $3.13 EPS. The business’s revenue was up 7.7% on a year-over-year basis. Equities analysts forecast that Accenture PLC will post 12.73 EPS for the current year.

Accenture Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 10th will be issued a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Thursday, July 10th. Accenture’s dividend payout ratio is 47.13%.

Wall Street Analyst Weigh In

ACN has been the subject of several recent research reports. Wall Street Zen cut shares of Accenture from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. Baird R W upgraded shares of Accenture from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. Argus set a $370.00 target price on Accenture in a research report on Tuesday, June 24th. Guggenheim reduced their price target on Accenture from $360.00 to $335.00 and set a “buy” rating for the company in a research report on Monday, June 23rd. Finally, UBS Group reaffirmed a “buy” rating and set a $395.00 price target (up previously from $390.00) on shares of Accenture in a research report on Thursday, May 22nd. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $370.71.

Accenture Company 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.