Accenture plc (NYSE:ACN) Shares Bought by Diversified LLC

Diversified LLC raised its holdings in shares of Accenture plc (NYSE:ACN) by 20.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,771 shares of the information technology services provider’s stock after purchasing an additional 302 shares during the period. Diversified LLC’s holdings in Accenture were worth $537,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ACN. Unique Wealth Strategies LLC acquired a new position in Accenture during the 2nd quarter valued at approximately $26,000. DiNuzzo Private Wealth Inc. acquired a new position in shares of Accenture in the 4th quarter valued at $27,000. Annapolis Financial Services LLC lifted its position in Accenture by 507.7% during the 1st quarter. Annapolis Financial Services LLC now owns 79 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 66 shares during the period. Ables Iannone Moore & Associates Inc. purchased a new stake in Accenture during the 4th quarter valued at about $29,000. Finally, Atwood & Palmer Inc. increased its holdings in shares of Accenture by 214.8% in the first 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. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Accenture from a “buy” rating to a “hold” rating and cut their price target for the stock from $409.00 to $295.00 in a report on Wednesday, May 15th. Bank of America reduced their target price on shares of Accenture from $419.00 to $365.00 and set a “buy” rating for the company in a report on Wednesday, June 5th. UBS Group raised shares of Accenture from a “neutral” rating to a “buy” rating and set a $400.00 price target on the stock in a report on Friday, July 19th. Piper Sandler Companies reduced their price objective on Accenture from $379.00 to $320.00 and set a “neutral” rating for the company in a research note on Monday, June 17th. Finally, Wedbush lowered their target price on Accenture from $400.00 to $350.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 12th. Eleven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Accenture presently has a consensus rating of “Moderate Buy” and an average price target of $352.33.

Insider Activity at Accenture

In related news, insider Ellyn Shook sold 5,000 shares of the business’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $329.82, for a total value of $1,649,100.00. Following the sale, the insider now owns 8,989 shares in the company, valued at approximately $2,964,751.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Julie Spellman Sweet sold 3,776 shares of the business’s 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 directly owns 11,819 shares of the company’s stock, valued at approximately $3,652,661.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ellyn Shook sold 5,000 shares of the 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 completion of the sale, 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. In the last quarter, insiders sold 21,421 shares of company stock worth $6,912,635. Insiders own 0.07% of the company’s stock.

Accenture Price Performance

ACN traded up $2.70 during trading hours on Friday, reaching $333.27. The company’s stock had a trading volume of 1,084,902 shares, compared to its average volume of 2,841,372. The business’s 50-day moving average is $315.47 and its 200-day moving average is $326.50. The stock has a market cap of $208.86 billion, a PE ratio of 30.52, a P/E/G ratio of 3.66 and a beta of 1.23. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week high of $387.51.

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

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, July 11th were given a dividend of $1.29 per share. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.55%. Accenture’s payout ratio is currently 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.