Accenture plc (NYSE:ACN) Shares Sold by 180 Wealth Advisors LLC

180 Wealth Advisors LLC decreased its stake in Accenture plc (NYSE:ACNGet Rating) by 10.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 858 shares of the information technology services provider’s stock after selling 105 shares during the period. 180 Wealth Advisors LLC’s holdings in Accenture were worth $241,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Accenture by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 56,646,379 shares of the information technology services provider’s stock valued at $19,102,859,000 after acquiring an additional 443,821 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Accenture by 2.2% in the 1st quarter. BlackRock Inc. now owns 47,216,394 shares of the information technology services provider’s stock worth $15,922,783,000 after acquiring an additional 1,001,022 shares during the last quarter. State Street Corp grew its holdings in shares of Accenture by 2.2% during the first quarter. State Street Corp now owns 26,688,036 shares of the information technology services provider’s stock valued at $9,000,013,000 after buying an additional 570,864 shares in the last quarter. Norges Bank purchased a new position in shares of Accenture during the fourth quarter valued at $2,346,198,000. Finally, Nuveen Asset Management LLC boosted its position in Accenture by 6.1% during the fourth quarter. Nuveen Asset Management LLC now owns 5,291,047 shares of the information technology services provider’s stock valued at $2,193,403,000 after purchasing an additional 302,484 shares during the last quarter. Institutional investors own 73.73% of the company’s stock.

Analyst Upgrades and Downgrades

ACN has been the subject of a number of analyst reports. Jefferies Financial Group reduced their price target on Accenture from $342.00 to $310.00 and set a “hold” rating for the company in a research report on Wednesday, September 14th. Royal Bank of Canada lowered their price target on Accenture from $435.00 to $357.00 and set an “outperform” rating on the stock in a research note on Friday, June 24th. Deutsche Bank Aktiengesellschaft lowered their price objective on Accenture from $440.00 to $364.00 in a research note on Friday, June 17th. Bank of America decreased their price target on Accenture from $443.00 to $374.00 and set a “buy” rating on the stock in a research report on Friday, June 17th. Finally, BNP Paribas lowered Accenture from an “outperform” rating to a “neutral” rating and set a $320.00 price target on the stock. in a research report on Wednesday, June 29th. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $355.63.

Accenture Trading Down 0.4 %

Shares of ACN stock opened at $272.68 on Monday. The stock has a market capitalization of $172.48 billion, a P/E ratio of 26.45, a PEG ratio of 2.30 and a beta of 1.22. The firm’s 50 day moving average is $295.30 and its 200 day moving average is $300.99. Accenture plc has a 12 month low of $261.77 and a 12 month high of $417.37.

Accenture (NYSE:ACNGet Rating) last issued its quarterly earnings results on Thursday, June 23rd. The information technology services provider reported $2.79 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.05). Accenture had a return on equity of 31.50% and a net margin of 11.13%. The company had revenue of $16.16 billion during the quarter, compared to the consensus estimate of $16.05 billion. During the same period in the previous year, the company earned $2.40 EPS. On average, equities analysts predict that Accenture plc will post 10.69 EPS for the current year.

Accenture Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Thursday, July 14th were given a dividend of $0.97 per share. The ex-dividend date of this dividend was Wednesday, July 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.42%. Accenture’s dividend payout ratio (DPR) is currently 37.63%.

Insider Activity at Accenture

In other Accenture news, insider Jean-Marc Ollagnier sold 6,250 shares of Accenture 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 completion of 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 filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Jean-Marc Ollagnier sold 6,250 shares of Accenture 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 sale, the insider now directly owns 159,630 shares in the company, valued at $43,248,555.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $166,500.00. Following the sale, the general counsel now owns 25,601 shares of the company’s stock, valued at $7,680,300. The disclosure for this sale can be found here. Insiders sold a total of 11,389 shares of company stock valued at $3,132,777 in the last three months. Company insiders own 0.07% of the company’s stock.

Accenture Company Profile

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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.

See Also

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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