Exencial Wealth Advisors LLC decreased its position in Accenture PLC (NYSE:ACN – Free Report) by 7.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,439 shares of the information technology services provider’s stock after selling 365 shares during the period. Exencial Wealth Advisors LLC’s holdings in Accenture were worth $1,327,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of ACN. Viawealth LLC grew its holdings in shares of Accenture by 2.6% during the first quarter. Viawealth LLC now owns 1,307 shares of the information technology services provider’s stock valued at $408,000 after buying an additional 33 shares during the last quarter. Aprio Wealth Management LLC lifted its position in Accenture by 2.1% in the 1st quarter. Aprio Wealth Management LLC now owns 1,640 shares of the information technology services provider’s stock valued at $512,000 after acquiring an additional 33 shares in the last quarter. First National Advisers LLC boosted its stake in Accenture by 0.4% during the 1st quarter. First National Advisers LLC now owns 9,420 shares of the information technology services provider’s stock valued at $2,939,000 after purchasing an additional 34 shares during the last quarter. TCTC Holdings LLC raised its stake in shares of Accenture by 14.5% in the first quarter. TCTC Holdings LLC now owns 269 shares of the information technology services provider’s stock worth $84,000 after purchasing an additional 34 shares during the last quarter. Finally, Texas Bank & Trust Co lifted its holdings in shares of Accenture by 0.4% during the first quarter. Texas Bank & Trust Co now owns 8,181 shares of the information technology services provider’s stock valued at $2,553,000 after purchasing an additional 35 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors.
Accenture Stock Performance
Shares of NYSE ACN opened at $249.59 on Friday. Accenture PLC has a 12-month low of $229.40 and a 12-month high of $398.35. The firm has a market capitalization of $164.35 billion, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 2.17 and a beta of 1.28. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $247.25 and a 200 day moving average of $277.81.
Accenture Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 2.6%. This is an increase from Accenture’s previous quarterly dividend of $1.48. The ex-dividend date of this dividend is Friday, October 10th. Accenture’s dividend payout ratio is 53.66%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the company. Wells Fargo & Company started coverage on Accenture in a report on Tuesday. They issued an “equal weight” rating and a $251.00 price objective for the company. Stifel Nicolaus reduced their price target on shares of Accenture from $355.00 to $315.00 and set a “buy” rating for the company in a research note on Tuesday, September 16th. Wall Street Zen downgraded shares of Accenture from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Rothschild Redb downgraded shares of Accenture from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Finally, BMO Capital Markets decreased their target price on shares of Accenture from $325.00 to $270.00 and set a “market perform” rating for the company in a research note on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Accenture currently has a consensus rating of “Moderate Buy” and a consensus target price of $297.48.
Read Our Latest Analysis on Accenture
Insider Activity
In related news, CEO Julie Spellman Sweet sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $249.57, for a total transaction of $2,246,130.00. Following the completion of the transaction, the chief executive officer directly owned 23,516 shares in the company, valued at approximately $5,868,888.12. The trade was a 27.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Manish Sharma sold 6,902 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total transaction of $1,725,569.02. Following the sale, the insider owned 1,860 shares in the company, valued at approximately $465,018.60. The trade was a 78.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,402 shares of company stock valued at $4,595,374 in the last ninety days. Corporate insiders own 0.02% of the company’s stock.
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.
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