Accenture plc (NYSE:ACN) Shares Acquired by One Capital Management LLC

One Capital Management LLC lifted its stake in shares of Accenture plc (NYSE:ACN) by 536.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,672 shares of the information technology services provider’s stock after buying an additional 5,624 shares during the period. One Capital Management LLC’s holdings in Accenture were worth $2,024,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. TrinityPoint Wealth LLC increased its holdings in Accenture by 3.6% in the fourth quarter. TrinityPoint Wealth LLC now owns 3,646 shares of the information technology services provider’s stock valued at $1,279,000 after buying an additional 125 shares in the last quarter. Focus Financial Network Inc. ADV purchased a new stake in shares of Accenture during the fourth quarter worth about $4,594,000. New Mexico Educational Retirement Board increased its stake in shares of Accenture by 11.9% during the first quarter. New Mexico Educational Retirement Board now owns 36,750 shares of the information technology services provider’s stock worth $12,393,000 after purchasing an additional 3,900 shares in the last quarter. Platform Technology Partners increased its stake in shares of Accenture by 7.0% during the fourth quarter. Platform Technology Partners now owns 1,996 shares of the information technology services provider’s stock worth $733,000 after purchasing an additional 131 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Accenture by 13.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 183,446 shares of the information technology services provider’s stock worth $63,584,000 after acquiring an additional 21,516 shares during the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Accenture Trading Up 1.3 %

Shares of NYSE:ACN opened at $354.12 on Tuesday. Accenture plc has a 52 week low of $278.69 and a 52 week high of $387.51. The company’s 50 day moving average is $329.17 and its two-hundred day moving average is $322.90. The company has a market cap of $221.92 billion, a PE ratio of 32.43, a P/E/G ratio of 3.82 and a beta of 1.24.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, June 20th. The information technology services provider reported $3.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.15 by ($0.02). Accenture had a net margin of 10.79% and a return on equity of 27.48%. The company had revenue of $16.47 billion during the quarter, compared to analyst estimates of $16.55 billion. During the same quarter in the previous year, the company posted $3.19 EPS. The company’s quarterly revenue was down .6% on a year-over-year basis. As a group, equities research analysts expect that Accenture plc will post 11.95 EPS for the current year.

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 11th were issued a $1.29 dividend. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.46%. Accenture’s dividend payout ratio is presently 47.25%.

Insider Activity

In other news, CEO Julie Spellman Sweet sold 3,776 shares of the stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $309.05, for a total value of $1,166,972.80. Following the completion of the transaction, the chief executive officer now owns 11,819 shares in the company, valued at approximately $3,652,661.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Accenture news, CFO Kathleen R. Mcclure sold 1,500 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $315.00, for a total transaction of $472,500.00. Following the completion of the transaction, the chief financial officer now directly owns 38,570 shares in the company, valued at approximately $12,149,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Julie Spellman Sweet sold 3,776 shares of the firm’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $309.05, for a total transaction of $1,166,972.80. Following the transaction, the chief executive officer now owns 11,819 shares of the company’s stock, valued at $3,652,661.95. The disclosure for this sale can be found here. Insiders sold 21,421 shares of company stock worth $6,912,635 in the last 90 days. 0.07% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ACN has been the topic of a number of recent research reports. Stifel Nicolaus lowered their price target on shares of Accenture from $395.00 to $340.00 and set a “buy” rating on the stock in a research report on Wednesday, June 12th. Jefferies Financial Group decreased their target price on shares of Accenture from $340.00 to $275.00 and set a “hold” rating on the stock in a report on Wednesday, June 5th. Bank of America decreased their price objective on shares of Accenture from $419.00 to $365.00 and set a “buy” rating on the stock in a report on Wednesday, June 5th. Guggenheim restated a “buy” rating and issued a $395.00 price objective on shares of Accenture in a report on Friday, May 24th. Finally, Mizuho decreased their price objective on shares of Accenture from $398.00 to $350.00 and set a “buy” rating on the stock in a report on Tuesday, June 18th. Eleven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Accenture presently has a consensus rating of “Moderate Buy” and an average price target of $354.68.

Accenture Profile

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.