Plancorp LLC Has $450,000 Holdings in Accenture plc (NYSE:ACN)

Plancorp LLC reduced its stake in shares of Accenture plc (NYSE:ACN) by 6.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,482 shares of the information technology services provider’s stock after selling 108 shares during the quarter. Plancorp LLC’s holdings in Accenture were worth $450,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. TrinityPoint Wealth LLC grew its stake 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 acquiring an additional 125 shares during the period. Focus Financial Network Inc. ADV bought a new stake in Accenture during the 4th quarter worth approximately $4,594,000. New Mexico Educational Retirement Board raised its holdings in Accenture by 11.9% during the 1st quarter. New Mexico Educational Retirement Board now owns 36,750 shares of the information technology services provider’s stock worth $12,393,000 after buying an additional 3,900 shares during the period. Platform Technology Partners lifted its stake in Accenture by 7.0% in the fourth quarter. Platform Technology Partners now owns 1,996 shares of the information technology services provider’s stock valued at $733,000 after buying an additional 131 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of 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 in the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Accenture 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 transaction of $1,166,972.80. Following the sale, the chief executive officer now directly owns 11,819 shares in the company, valued at $3,652,661.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Ellyn Shook sold 5,000 shares of the stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $329.82, for a total value of $1,649,100.00. Following the completion of the transaction, the insider now owns 8,989 shares of the company’s stock, valued at $2,964,751.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Julie Spellman Sweet sold 3,776 shares of Accenture stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 11,819 shares in the company, valued at $3,652,661.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,421 shares of company stock worth $6,912,635. Company insiders own 0.07% of the company’s stock.

Accenture Trading Down 4.9 %

NYSE:ACN opened at $336.93 on Wednesday. The stock has a 50 day simple moving average of $329.94 and a 200 day simple moving average of $322.59. Accenture plc has a 1-year low of $278.69 and a 1-year high of $387.51. The stock has a market cap of $211.15 billion, a P/E ratio of 30.85, a PEG ratio of 3.82 and a beta of 1.24.

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

Accenture Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 11th were given a dividend of $1.29 per share. 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 1.53%. Accenture’s payout ratio is 47.25%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Susquehanna reduced their target price on shares of Accenture from $360.00 to $350.00 and set a “neutral” rating for the company in a research note on Friday, June 21st. Citigroup boosted their target price on Accenture from $350.00 to $405.00 and gave the company a “buy” rating in a research note on Tuesday. TD Cowen raised their price target on shares of Accenture from $293.00 to $321.00 and gave the stock a “hold” rating in a research note on Thursday, September 12th. Jefferies Financial Group reduced their target price on shares of Accenture from $340.00 to $275.00 and set a “hold” rating for the company in a report on Wednesday, June 5th. Finally, BMO Capital Markets lowered their price target on shares of Accenture from $375.00 to $350.00 and set a “market perform” rating on the stock in a research note on Friday, June 21st. Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $354.91.

Accenture Company 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.