Personal Capital Advisors Corp lowered its holdings in shares of Accenture plc (NYSE:ACN – Get Rating) by 25.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,273 shares of the information technology services provider’s stock after selling 1,146 shares during the quarter. Personal Capital Advisors Corp’s holdings in Accenture were worth $1,104,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Ulland Investment Advisors LLC purchased a new stake in shares of Accenture in the 1st quarter worth $29,000. Citizens National Bank Trust Department purchased a new stake in shares of Accenture in the 4th quarter worth $31,000. Landmark Wealth Management LLC purchased a new stake in shares of Accenture in the 1st quarter worth $32,000. Delos Wealth Advisors LLC purchased a new stake in shares of Accenture in the 4th quarter worth $39,000. Finally, Lloyd Advisory Services LLC. lifted its holdings in shares of Accenture by 230.6% in the 1st quarter. Lloyd Advisory Services LLC. now owns 119 shares of the information technology services provider’s stock worth $40,000 after buying an additional 83 shares during the period. Hedge funds and other institutional investors own 73.73% of the company’s stock.
Analyst Ratings Changes
ACN has been the subject of several research reports. Exane BNP Paribas cut Accenture from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 29th. Cowen reduced their price target on Accenture from $330.00 to $325.00 and set an “outperform” rating for the company in a research report on Friday, June 24th. Piper Sandler reduced their price target on Accenture from $305.00 to $281.00 and set a “neutral” rating for the company in a research report on Monday, July 18th. Barclays reduced their price target on Accenture from $455.00 to $370.00 and set an “overweight” rating for the company in a research report on Friday, June 24th. Finally, Royal Bank of Canada reduced their price target on Accenture from $435.00 to $357.00 and set an “outperform” rating for the company in a research report on Friday, June 24th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $358.17.
Accenture Stock Performance
Accenture (NYSE:ACN – Get Rating) last posted its quarterly earnings results on Thursday, June 23rd. The information technology services provider reported $2.79 earnings per share for the quarter, missing the consensus estimate of $2.84 by ($0.05). The firm had revenue of $16.16 billion for the quarter, compared to analysts’ expectations of $16.05 billion. Accenture had a net margin of 11.13% and a return on equity of 31.50%. During the same quarter in the previous year, the firm posted $2.40 EPS. As a group, analysts predict that Accenture plc will post 10.68 EPS for the current fiscal year.
Accenture Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Thursday, July 14th were paid a $0.97 dividend. The ex-dividend date was Wednesday, July 13th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.34%. Accenture’s payout ratio is 37.63%.
Insider Transactions at Accenture
In other news, CEO Julie Spellman Sweet sold 3,278 shares of the company’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $270.93, for a total value of $888,108.54. Following the sale, the chief executive officer now owns 16,978 shares in the company, valued at $4,599,849.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Accenture news, insider Ellyn Shook sold 750 shares of the stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $300.00, for a total transaction of $225,000.00. Following the transaction, the insider now owns 21,400 shares in the company, valued at $6,420,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Julie Spellman Sweet sold 3,278 shares of the stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $270.93, for a total value of $888,108.54. Following the transaction, the chief executive officer now owns 16,978 shares in the company, valued at approximately $4,599,849.54. The disclosure for this sale can be found here. Insiders have sold 11,389 shares of company stock worth $3,132,777 over the last quarter. 0.07% of the stock is currently owned by insiders.
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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