Cape ANN Savings Bank Has $1.19 Million Stake in Accenture plc (NYSE:ACN)

Cape ANN Savings Bank decreased its position in shares of Accenture plc (NYSE:ACNGet Rating) by 3.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,538 shares of the information technology services provider’s stock after selling 141 shares during the period. Cape ANN Savings Bank’s holdings in Accenture were worth $1,193,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Paradigm Financial Partners LLC lifted its position in shares of Accenture by 0.3% during the fourth quarter. Paradigm Financial Partners LLC now owns 10,429 shares of the information technology services provider’s stock valued at $4,323,000 after purchasing an additional 35 shares in the last quarter. BNC Wealth Management LLC lifted its position in shares of Accenture by 0.4% during the first quarter. BNC Wealth Management LLC now owns 9,924 shares of the information technology services provider’s stock valued at $3,347,000 after purchasing an additional 35 shares in the last quarter. Financial Advisors Network Inc. lifted its position in shares of Accenture by 0.4% during the fourth quarter. Financial Advisors Network Inc. now owns 8,210 shares of the information technology services provider’s stock valued at $3,404,000 after purchasing an additional 36 shares in the last quarter. Cadence Bank increased its holdings in Accenture by 0.7% during the first quarter. Cadence Bank now owns 4,999 shares of the information technology services provider’s stock worth $1,686,000 after buying an additional 36 shares during the last quarter. Finally, Evoke Wealth LLC increased its holdings in Accenture by 0.8% during the first quarter. Evoke Wealth LLC now owns 4,907 shares of the information technology services provider’s stock worth $1,655,000 after buying an additional 37 shares during the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.

Accenture Price Performance

Shares of Accenture stock opened at $281.52 on Wednesday. Accenture plc has a 1 year low of $261.77 and a 1 year high of $417.37. The firm has a market cap of $178.07 billion, a PE ratio of 27.31, a PEG ratio of 2.45 and a beta of 1.22. The company has a 50 day simple moving average of $295.48 and a two-hundred day simple moving average of $301.71.

Accenture (NYSE:ACNGet Rating) last announced its 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 company had revenue of $16.16 billion for the quarter, compared to the consensus estimate of $16.05 billion. During the same quarter in the previous year, the firm earned $2.40 earnings per share. As a group, research analysts anticipate that Accenture plc will post 10.68 earnings per share for the current year.

Accenture Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Thursday, July 14th were issued a $0.97 dividend. The ex-dividend date of this dividend was Wednesday, July 13th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.38%. Accenture’s payout ratio is 37.63%.

Insider Transactions at Accenture

In other news, General Counsel Joel Unruch sold 555 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $300.00, for a total value of $166,500.00. Following the completion of the sale, the general counsel now directly owns 25,601 shares in the company, valued at approximately $7,680,300. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Jean-Marc Ollagnier sold 6,250 shares of Accenture stock in a transaction 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 transaction, the insider now directly 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 SEC, which can be accessed through this link. Also, General Counsel Joel Unruch sold 555 shares of Accenture stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $300.00, for a total transaction of $166,500.00. Following the completion of the transaction, the general counsel now directly owns 25,601 shares in the company, valued at $7,680,300. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,389 shares of company stock worth $3,132,777. 0.07% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on ACN. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Accenture from $440.00 to $364.00 in a report on Friday, June 17th. Robert W. Baird raised their price objective on shares of Accenture from $310.00 to $338.00 and gave the stock a “neutral” rating in a report on Tuesday, August 9th. BMO Capital Markets began coverage on shares of Accenture in a report on Friday, June 24th. They set a “hold” rating and a $337.00 price objective for the company. BNP Paribas downgraded shares of Accenture from an “outperform” rating to a “neutral” rating and set a $320.00 target price for the company. in a research note on Wednesday, June 29th. Finally, Cowen reduced their target price on shares of Accenture from $330.00 to $325.00 and set an “outperform” rating for the company in a research note on Friday, June 24th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Accenture has an average rating of “Moderate Buy” and an average price target of $358.17.

Accenture Company Profile

(Get Rating)

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.

See Also

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.