Woodmont Investment Counsel LLC Purchases 490 Shares of Accenture plc (NYSE:ACN)

Woodmont Investment Counsel LLC grew its position in shares of Accenture plc (NYSE:ACN) by 10.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,176 shares of the information technology services provider’s stock after buying an additional 490 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in Accenture were worth $1,794,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Chilton Capital Management LLC raised its holdings in shares of Accenture by 180.0% in the 4th quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 45 shares during the period. DiNuzzo Private Wealth Inc. bought a new stake in shares of Accenture in the 4th quarter worth approximately $27,000. Annapolis Financial Services LLC raised its holdings in shares of Accenture by 507.7% in the 1st quarter. Annapolis Financial Services LLC now owns 79 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 66 shares during the period. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Accenture in the 4th quarter worth approximately $29,000. Finally, Atwood & Palmer Inc. raised its holdings in shares of Accenture by 214.8% in the 1st quarter. Atwood & Palmer Inc. now owns 85 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 58 shares during the period. Institutional investors own 75.14% of the company’s stock.

Accenture Price Performance

Accenture stock traded down $0.01 during mid-day trading on Tuesday, hitting $302.54. The company’s stock had a trading volume of 911,821 shares, compared to its average volume of 2,898,853. The business has a 50 day moving average price of $300.17 and a 200-day moving average price of $336.05. Accenture plc has a 12 month low of $278.69 and a 12 month high of $387.51. The stock has a market cap of $189.60 billion, a price-to-earnings ratio of 27.70, a price-to-earnings-growth ratio of 3.38 and a beta of 1.23.

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

Accenture Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 11th will be given a dividend of $1.29 per share. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $5.16 dividend on an annualized basis and a yield of 1.71%. Accenture’s dividend payout ratio (DPR) is 47.25%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ACN. The Goldman Sachs Group began coverage on shares of Accenture in a research note on Monday, June 24th. They issued a “neutral” rating and a $335.00 price objective for the company. Robert W. Baird reduced their price objective on shares of Accenture from $372.00 to $345.00 and set a “neutral” rating for the company in a research note on Thursday, May 16th. Barclays reduced their price objective on shares of Accenture from $390.00 to $350.00 and set an “overweight” rating for the company in a research note on Monday, June 17th. Piper Sandler reduced their price objective on shares of Accenture from $379.00 to $320.00 and set a “neutral” rating for the company in a research note on Monday, June 17th. Finally, Bank of America reduced their price target on shares of Accenture from $419.00 to $365.00 and set a “buy” rating for the company in a research report on Wednesday, June 5th. Twelve investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $352.74.

Insiders Place Their Bets

In other Accenture news, insider Ellyn Shook sold 5,000 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $307.22, for a total value of $1,536,100.00. Following the transaction, the insider now directly owns 13,699 shares in the company, valued at $4,208,606.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Jean-Marc Ollagnier sold 6,250 shares of the firm’s stock in a transaction on 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 transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the completion of the sale, the insider now owns 13,699 shares in the company, valued at $4,208,606.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,083 shares of company stock worth $6,302,285. Company insiders own 0.07% of the company’s stock.

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.