Trust Co. of Oklahoma Has $3.87 Million Holdings in Accenture plc (NYSE:ACN)

Trust Co. of Oklahoma lowered its position in shares of Accenture plc (NYSE:ACN) by 2.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,766 shares of the information technology services provider’s stock after selling 344 shares during the quarter. Accenture accounts for 1.4% of Trust Co. of Oklahoma’s holdings, making the stock its 19th biggest position. Trust Co. of Oklahoma’s holdings in Accenture were worth $3,873,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in ACN. Pin Oak Investment Advisors Inc. grew its holdings in Accenture by 8.2% during the 4th quarter. Pin Oak Investment Advisors Inc. now owns 357 shares of the information technology services provider’s stock worth $125,000 after acquiring an additional 27 shares during the last quarter. Addison Advisors LLC lifted its holdings in shares of Accenture by 0.9% during the fourth quarter. Addison Advisors LLC now owns 3,181 shares of the information technology services provider’s stock worth $1,116,000 after purchasing an additional 28 shares during the period. Searle & CO. increased its holdings in Accenture by 3.6% in the fourth quarter. Searle & CO. now owns 803 shares of the information technology services provider’s stock valued at $282,000 after purchasing an additional 28 shares during the period. Sound View Wealth Advisors Group LLC raised its position in Accenture by 2.1% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 1,363 shares of the information technology services provider’s stock worth $478,000 after purchasing an additional 28 shares during the last quarter. Finally, IronBridge Private Wealth LLC lifted its holdings in Accenture by 2.3% during the 4th quarter. IronBridge Private Wealth LLC now owns 1,235 shares of the information technology services provider’s stock worth $433,000 after buying an additional 28 shares during the period. 75.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ACN. Deutsche Bank Aktiengesellschaft downgraded Accenture from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $409.00 to $295.00 in a research report on Wednesday, May 15th. Jefferies Financial Group decreased their price objective on shares of Accenture from $340.00 to $275.00 and set a “hold” rating for the company in a research report on Wednesday, June 5th. Barclays dropped their target price on shares of Accenture from $390.00 to $350.00 and set an “overweight” rating on the stock in a report on Monday, June 17th. Mizuho decreased their price target on Accenture from $398.00 to $350.00 and set a “buy” rating for the company in a report on Tuesday, June 18th. Finally, Piper Sandler Companies dropped their price objective on Accenture from $379.00 to $320.00 and set a “neutral” rating on the stock in a research note on Monday, June 17th. Eleven 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, Accenture has an average rating of “Moderate Buy” and an average price target of $351.82.

Insider Activity at Accenture

In related news, insider Ellyn Shook sold 5,000 shares of the business’s 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 transaction, the insider now directly owns 8,989 shares of the company’s stock, valued at approximately $2,964,751.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Accenture news, General Counsel Joel Unruch sold 8,145 shares of the firm’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $331.05, for a total value of $2,696,402.25. Following the completion of the sale, the general counsel now directly owns 22,849 shares of the company’s stock, valued at $7,564,161.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ellyn Shook sold 5,000 shares of the company’s 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 directly owns 8,989 shares in the company, valued at approximately $2,964,751.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,421 shares of company stock valued at $6,912,635. 0.07% of the stock is owned by insiders.

Accenture Trading Down 0.9 %

Accenture stock traded down $3.03 during trading on Thursday, hitting $330.57. 1,679,056 shares of the company were exchanged, compared to its average volume of 2,849,541. The business’s 50 day moving average is $313.58 and its 200 day moving average is $326.73. Accenture plc has a 52 week low of $278.69 and a 52 week high of $387.51. The company has a market capitalization of $207.17 billion, a P/E ratio of 30.27, a PEG ratio of 3.66 and a beta of 1.23.

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

Accenture Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 11th were issued a $1.29 dividend. This represents a $5.16 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Thursday, July 11th. Accenture’s dividend payout ratio is presently 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.