Syntal Capital Partners LLC lowered its stake in shares of Accenture plc (NYSE:ACN) by 8.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,625 shares of the information technology services provider’s stock after selling 505 shares during the quarter. Syntal Capital Partners LLC’s holdings in Accenture were worth $1,658,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of ACN. Moisand Fitzgerald Tamayo LLC bought a new position in Accenture during the second quarter valued at $25,000. Solstein Capital LLC bought a new stake in shares of Accenture during the first quarter valued at approximately $29,000. Hanson & Doremus Investment Management raised its position in Accenture by 750.0% during the 2nd quarter. Hanson & Doremus Investment Management now owns 136 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 120 shares in the last quarter. Trustcore Financial Services LLC lifted its holdings in shares of Accenture by 456.0% in the 2nd quarter. Trustcore Financial Services LLC now owns 139 shares of the information technology services provider’s stock worth $41,000 after buying an additional 114 shares during the period. Finally, Ritter Daniher Financial Advisory LLC purchased a new position in shares of Accenture during the second quarter valued at $44,000. Institutional investors own 73.20% of the company’s stock.
In other Accenture news, insider Ellyn Shook sold 2,600 shares of the business’s stock in a transaction that occurred on Friday, July 23rd. The stock was sold at an average price of $317.47, for a total value of $825,422.00. Following the sale, the insider now owns 19,420 shares of the company’s stock, valued at $6,165,267.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jean-Marc Ollagnier sold 5,233 shares of Accenture stock in a transaction on Friday, July 16th. The shares were sold at an average price of $314.20, for a total value of $1,644,208.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,333 shares of company stock valued at $4,826,161. Company insiders own 0.07% of the company’s stock.
Accenture (NYSE:ACN) last announced its quarterly earnings data on Wednesday, September 22nd. The information technology services provider reported $2.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.19 by $0.01. The firm had revenue of $13.42 billion during the quarter, compared to analyst estimates of $13.42 billion. Accenture had a net margin of 12.06% and a return on equity of 28.94%. Accenture’s quarterly revenue was up 23.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.70 earnings per share. Research analysts anticipate that Accenture plc will post 8.79 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 15th. Shareholders of record on Thursday, October 14th will be given a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, October 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.15%. This is an increase from Accenture’s previous quarterly dividend of $0.88. Accenture’s payout ratio is currently 47.18%.
A number of brokerages have recently issued reports on ACN. JPMorgan Chase & Co. upped their price target on Accenture from $308.00 to $364.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 17th. Bank of America increased their price target on Accenture from $324.00 to $379.00 and gave the company a “buy” rating in a research note on Friday, September 10th. Deutsche Bank Aktiengesellschaft boosted their price target on Accenture from $310.00 to $395.00 and gave the stock a “buy” rating in a research note on Thursday, September 16th. Cowen increased their price objective on shares of Accenture from $316.00 to $365.00 and gave the company an “outperform” rating in a research report on Wednesday, September 8th. They noted that the move was a valuation call. Finally, Piper Sandler boosted their target price on shares of Accenture from $302.00 to $354.00 and gave the stock a “neutral” rating in a research report on Friday. Five research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, Accenture presently has a consensus rating of “Buy” and an average price target of $352.42.
Accenture Plc engages in the provision of management consulting, technology, and outsourcing services. It operates through the following segments: Communications, Media, and Technology; Financial Services; Health and Public Service; Products; Resources; and Other. The Communications, Media, and Technology segment serves communications, media, high-tech, and software and platform companies through acceleration and delivery of digital transformation, development of comprehensive and industry-specific solutions, and enhance efficiency and business results.
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