CCLA Investment Management Ltd Grows Stock Holdings in Accenture plc (NYSE:ACN)

CCLA Investment Management Ltd increased its stake in shares of Accenture plc (NYSE:ACNGet Rating) by 1.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,394 shares of the information technology services provider’s stock after acquiring an additional 2,384 shares during the quarter. CCLA Investment Management Ltd’s holdings in Accenture were worth $67,595,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Equitable Holdings Inc. raised its stake in Accenture by 24.7% during the 4th quarter. Equitable Holdings Inc. now owns 1,334 shares of the information technology services provider’s stock worth $553,000 after acquiring an additional 264 shares in the last quarter. FDx Advisors Inc. raised its stake in Accenture by 6.3% during the 4th quarter. FDx Advisors Inc. now owns 169,310 shares of the information technology services provider’s stock worth $70,188,000 after acquiring an additional 10,044 shares in the last quarter. SkyView Investment Advisors LLC raised its stake in Accenture by 697.5% during the 4th quarter. SkyView Investment Advisors LLC now owns 25,032 shares of the information technology services provider’s stock worth $797,000 after acquiring an additional 21,893 shares in the last quarter. Mayflower Financial Advisors LLC raised its stake in Accenture by 6.0% during the 1st quarter. Mayflower Financial Advisors LLC now owns 1,508 shares of the information technology services provider’s stock worth $509,000 after acquiring an additional 86 shares in the last quarter. Finally, Castle Rock Wealth Management LLC increased its stake in Accenture by 5.5% in the fourth quarter. Castle Rock Wealth Management LLC now owns 1,823 shares of the information technology services provider’s stock valued at $612,000 after purchasing an additional 95 shares during the period. 74.46% of the stock is currently owned by institutional investors and hedge funds.

Accenture Trading Up 4.3 %

ACN stock opened at $297.53 on Thursday. The company has a market cap of $188.20 billion, a P/E ratio of 28.86, a P/E/G ratio of 2.71 and a beta of 1.22. Accenture plc has a 52 week low of $261.77 and a 52 week high of $417.37. The company’s 50-day moving average price is $284.99 and its 200 day moving average price is $311.05.

Accenture (NYSE:ACNGet Rating) last announced its quarterly earnings results on Thursday, June 23rd. The information technology services provider reported $2.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.84 by ($0.05). Accenture had a net margin of 11.13% and a return on equity of 31.50%. The business had revenue of $16.16 billion during the quarter, compared to analysts’ expectations of $16.05 billion. During the same period last year, the company earned $2.40 EPS. On average, equities research analysts expect that Accenture plc will post 10.68 earnings per share for the current year.

Accenture Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Thursday, July 14th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Wednesday, July 13th. Accenture’s dividend payout ratio (DPR) is presently 37.63%.

Wall Street Analyst Weigh In

A number of research firms have commented on ACN. StockNews.com began coverage on shares of Accenture in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Royal Bank of Canada dropped their price objective on shares of Accenture from $435.00 to $357.00 and set an “outperform” rating on the stock in a research note on Friday, June 24th. Piper Sandler dropped their price objective on shares of Accenture from $305.00 to $281.00 and set a “neutral” rating on the stock in a research note on Monday, July 18th. Cowen dropped their price objective on shares of Accenture from $330.00 to $325.00 and set an “outperform” rating on the stock in a research note on Friday, June 24th. Finally, Barclays lowered their target price on shares of Accenture from $455.00 to $370.00 and set an “overweight” rating on the stock in a report on Friday, June 24th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $358.84.

Insider Buying and Selling at Accenture

In other Accenture news, insider Jean-Marc Ollagnier sold 6,250 shares of the company’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $270.93, for a total value of $1,693,312.50. Following the sale, the insider now owns 159,630 shares of the company’s stock, valued at $43,248,555.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Jean-Marc Ollagnier sold 6,250 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $270.93, for a total value of $1,693,312.50. Following the completion of the transaction, the insider now owns 159,630 shares of the company’s stock, valued at $43,248,555.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Joel Unruch sold 556 shares of the business’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $287.51, for a total transaction of $159,855.56. Following the completion of the transaction, the general counsel now directly owns 26,156 shares of the company’s stock, valued at approximately $7,520,111.56. The disclosure for this sale can be found here. Insiders have sold 10,084 shares of company stock valued at $2,741,277 over the last quarter. Corporate insiders own 0.07% of the company’s stock.

About Accenture

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Accenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operations services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management, intelligent automation comprises robotic process automation, natural language processing, and virtual agents, and liquid application management services, as well as program, project, and service management services; strategy consulting services; critical data elements, data management and governance, data platform and architecture, product-based organization and skills, business adoption, and value realization services; engineering, and research and development digitization; smart connected product design and development; product platform engineering and modernization; product as-a-service enablement; products related to production and operations; autonomous robotics systems; the digital transformation of capital projects; and digital industrial workforce solutions.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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