Courier Capital LLC Has $582,000 Stock Position in Accenture plc (NYSE:ACN)

Courier Capital LLC cut its stake in Accenture plc (NYSE:ACN) by 80.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,678 shares of the information technology services provider’s stock after selling 6,700 shares during the period. Courier Capital LLC’s holdings in Accenture were worth $582,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. grew its holdings in shares of Accenture by 25.8% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 190 shares of the information technology services provider’s stock valued at $58,000 after acquiring an additional 39 shares in the last quarter. Morningstar Investment Services LLC lifted its stake in Accenture by 23.4% in the 3rd quarter. Morningstar Investment Services LLC now owns 1,647 shares of the information technology services provider’s stock valued at $495,000 after purchasing an additional 312 shares during the last quarter. Gotham Asset Management LLC lifted its stake in Accenture by 223.7% in the 3rd quarter. Gotham Asset Management LLC now owns 26,954 shares of the information technology services provider’s stock valued at $8,278,000 after purchasing an additional 18,627 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its stake in Accenture by 77.9% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 9,832 shares of the information technology services provider’s stock valued at $3,020,000 after purchasing an additional 4,305 shares during the last quarter. Finally, Kolinsky Wealth Management LLC lifted its position in Accenture by 5.3% during the third quarter. Kolinsky Wealth Management LLC now owns 2,858 shares of the information technology services provider’s stock worth $878,000 after acquiring an additional 143 shares during the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Jean-Marc Ollagnier sold 6,250 shares of the business’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $315.91, for a total transaction of $1,974,437.50. Following the completion of the sale, the chief executive officer now directly owns 161,581 shares of the company’s stock, valued at $51,045,053.71. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Accenture news, General Counsel Joel Unruch sold 4,333 shares of the company’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $316.12, for a total value of $1,369,747.96. Following the completion of the sale, the general counsel now directly owns 30,702 shares of the company’s stock, valued at approximately $9,705,516.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jean-Marc Ollagnier sold 6,250 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $315.91, for a total transaction of $1,974,437.50. Following the completion of the sale, the chief executive officer now directly owns 161,581 shares of the company’s stock, valued at $51,045,053.71. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,083 shares of company stock worth $6,302,285. Company insiders own 0.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ACN. Stifel Nicolaus cut their price objective on shares of Accenture from $395.00 to $340.00 and set a “buy” rating for the company in a research report on Wednesday, June 12th. StockNews.com downgraded shares of Accenture from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Mizuho dropped their price target on shares of Accenture from $398.00 to $350.00 and set a “buy” rating for the company in a research report on Tuesday, June 18th. Guggenheim reiterated a “buy” rating and issued a $395.00 price target on shares of Accenture in a research report on Friday, May 24th. Finally, Piper Sandler Companies decreased their price objective on shares of Accenture from $379.00 to $320.00 and set a “neutral” rating on the stock in a research note on Monday, June 17th. Twelve equities research 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 has a consensus rating of “Moderate Buy” and a consensus price target of $352.74.

Accenture Trading Up 0.1 %

ACN stock traded up $0.22 during midday trading on Friday, hitting $303.41. The stock had a trading volume of 14,818,777 shares, compared to its average volume of 2,918,109. The firm has a market cap of $203.51 billion, a P/E ratio of 27.76, a price-to-earnings-growth ratio of 3.40 and a beta of 1.21. Accenture plc has a 1-year low of $278.69 and a 1-year high of $387.51. The business has a fifty day moving average price of $300.69 and a two-hundred day moving average price of $336.65.

Accenture (NYSE:ACN) last announced 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 net margin of 10.79% and a return on equity of 27.48%. The company had revenue of $16.47 billion for the quarter, compared to analyst estimates of $16.55 billion. During the same quarter in the prior year, the company posted $3.19 EPS. Accenture’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities analysts anticipate that Accenture plc will post 11.95 EPS for the current year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, July 11th will be issued a dividend of $1.29 per share. The ex-dividend date is Thursday, July 11th. This represents a $5.16 annualized dividend and a dividend yield of 1.70%. Accenture’s dividend payout ratio is currently 47.25%.

About Accenture

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.