Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 204 Shares of Accenture plc (NYSE:ACN)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Accenture plc (NYSE:ACN) by 0.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 137,643 shares of the information technology services provider’s stock after buying an additional 204 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Accenture were worth $47,708,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. McKinley Carter Wealth Services Inc. raised its stake in Accenture by 7.4% in the fourth quarter. McKinley Carter Wealth Services Inc. now owns 29,204 shares of the information technology services provider’s stock valued at $10,248,000 after buying an additional 2,008 shares during the last quarter. TrinityPoint Wealth LLC raised 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 buying an additional 125 shares during the last quarter. Buckingham Capital Management Inc. raised its stake in Accenture by 3.4% in the fourth quarter. Buckingham Capital Management Inc. now owns 27,559 shares of the information technology services provider’s stock valued at $9,671,000 after buying an additional 900 shares during the last quarter. Redwood Investments LLC raised its stake in Accenture by 8.3% in the fourth quarter. Redwood Investments LLC now owns 20,227 shares of the information technology services provider’s stock valued at $7,098,000 after buying an additional 1,542 shares during the last quarter. Finally, Focus Financial Network Inc. ADV purchased a new stake in Accenture in the fourth quarter valued at about $4,594,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Accenture

In other news, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $307.22, for a total value of $1,536,100.00. Following the sale, the insider now directly owns 13,699 shares of the company’s stock, valued at $4,208,606.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Kathleen R. Mcclure sold 3,000 shares of Accenture stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $309.22, for a total transaction of $927,660.00. Following the transaction, the chief financial officer now owns 40,070 shares in the company, valued at $12,390,445.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $307.22, for a total value of $1,536,100.00. Following the transaction, the insider now owns 13,699 shares in the company, valued at approximately $4,208,606.78. The disclosure for this sale can be found here. Insiders have sold 17,609 shares of company stock valued at $5,472,981 over the last ninety days. Insiders own 0.07% of the company’s stock.

Accenture Trading Up 2.2 %

ACN traded up $7.14 during trading on Tuesday, hitting $325.01. The company’s stock had a trading volume of 3,640,463 shares, compared to its average volume of 2,912,561. Accenture plc has a twelve month low of $278.69 and a twelve month high of $387.51. The business’s fifty day simple moving average is $299.64 and its 200 day simple moving average is $332.42. The firm has a market capitalization of $203.68 billion, a price-to-earnings ratio of 29.76, a P/E/G ratio of 3.46 and a beta of 1.23.

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

Accenture Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, July 11th will be paid a $1.29 dividend. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Thursday, July 11th. Accenture’s dividend payout ratio is presently 47.25%.

Analysts Set New Price Targets

ACN has been the subject of several research analyst reports. Mizuho reduced their price objective on Accenture from $398.00 to $350.00 and set a “buy” rating for the company in a research note on Tuesday, June 18th. Jefferies Financial Group reduced their price objective on Accenture from $340.00 to $275.00 and set a “hold” rating for the company in a research note on Wednesday, June 5th. Bank of America reduced their price objective on Accenture from $419.00 to $365.00 and set a “buy” rating for the company in a research note on Wednesday, June 5th. BMO Capital Markets reduced their price objective on Accenture from $375.00 to $350.00 and set a “market perform” rating for the company in a research note on Friday, June 21st. Finally, StockNews.com cut Accenture from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Accenture presently has a consensus rating of “Hold” and a consensus price target of $351.82.

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.