Captrust Financial Advisors Sells 13,384 Shares of Accenture plc (NYSE:ACN)

Captrust Financial Advisors cut its holdings in Accenture plc (NYSE:ACN) by 14.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 82,436 shares of the information technology services provider’s stock after selling 13,384 shares during the period. Captrust Financial Advisors’ holdings in Accenture were worth $28,573,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Chilton Capital Management LLC boosted its holdings in Accenture by 180.0% in the 4th quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 45 shares during the period. DiNuzzo Private Wealth Inc. bought a new position in Accenture in the 4th quarter valued at $27,000. Annapolis Financial Services LLC boosted its holdings in Accenture by 507.7% in the 1st quarter. Annapolis Financial Services LLC now owns 79 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 66 shares during the period. Ables Iannone Moore & Associates Inc. bought a new position in Accenture in the 4th quarter valued at $29,000. Finally, Atwood & Palmer Inc. boosted its holdings in Accenture by 214.8% in the 1st quarter. Atwood & Palmer Inc. now owns 85 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 58 shares during the period. 75.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on ACN. Mizuho lowered their price objective on shares of Accenture from $398.00 to $350.00 and set a “buy” rating on the stock in a research report on Tuesday, June 18th. Barclays reduced their price objective on Accenture from $390.00 to $350.00 and set an “overweight” rating on the stock in a research report on Monday, June 17th. UBS Group upgraded Accenture from a “neutral” rating to a “buy” rating and set a $400.00 price objective on the stock in a research report on Friday, July 19th. BMO Capital Markets reduced their price objective on Accenture from $375.00 to $350.00 and set a “market perform” rating on the stock in a research report on Friday, June 21st. Finally, Guggenheim reiterated a “buy” rating and set a $395.00 price objective on shares of Accenture in a research report on Friday, May 24th. Eleven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $351.82.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 3,776 shares of Accenture stock in a transaction on Friday, July 12th. The stock was sold at an average price of $309.05, for a total transaction 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 $3,652,661.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Accenture news, CEO Julie Spellman Sweet sold 3,776 shares of Accenture stock in a transaction on Friday, July 12th. The stock was sold at an average price of $309.05, for a total transaction 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 $3,652,661.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction on 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 transaction, the insider now owns 8,989 shares of the company’s stock, valued at approximately $2,964,751.98. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,421 shares of company stock worth $6,912,635. 0.07% of the stock is owned by insiders.

Accenture Stock Performance

Shares of ACN traded up $1.35 on Tuesday, reaching $327.55. The stock had a trading volume of 673,256 shares, compared to its average volume of 2,922,252. The firm has a market capitalization of $205.27 billion, a price-to-earnings ratio of 29.88, a price-to-earnings-growth ratio of 3.66 and a beta of 1.23. The company has a 50-day simple moving average of $303.51 and a 200-day simple moving average of $331.52. Accenture plc has a 12-month low of $278.69 and a 12-month high of $387.51.

Accenture (NYSE:ACN) last released its 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). The firm had revenue of $16.47 billion during the quarter, compared to analysts’ expectations of $16.55 billion. Accenture had a net margin of 10.79% and a return on equity of 27.48%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.19 EPS. On average, analysts expect that Accenture plc will post 11.95 EPS for the current fiscal year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 11th will be paid a dividend of $1.29 per share. This represents a $5.16 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Thursday, July 11th. Accenture’s payout ratio is 47.25%.

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.