Accenture plc (NYSE:ACN) Shares Sold by Union Savings Bank

Union Savings Bank trimmed its holdings in shares of Accenture plc (NYSE:ACN) by 6.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,320 shares of the information technology services provider’s stock after selling 276 shares during the period. Accenture comprises 0.7% of Union Savings Bank’s investment portfolio, making the stock its 28th largest position. Union Savings Bank’s holdings in Accenture were worth $1,311,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Unique Wealth Strategies LLC acquired a new position in shares of Accenture during the second quarter worth about $26,000. Annapolis Financial Services LLC grew its position in Accenture by 507.7% in the first quarter. Annapolis Financial Services LLC now owns 79 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 66 shares in the last quarter. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Accenture during the fourth quarter worth $29,000. Atwood & Palmer Inc. boosted its stake 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. Finally, Grayhawk Investment Strategies Inc. acquired a new stake in Accenture during the 4th quarter valued at $35,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Stock Up 0.5 %

ACN stock opened at $341.95 on Monday. The stock has a market cap of $214.30 billion, a PE ratio of 31.31, a price-to-earnings-growth ratio of 3.81 and a beta of 1.23. The firm’s 50-day simple moving average is $319.98 and its 200 day simple moving average is $324.93. 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 net margin of 10.79% and a return on equity of 27.48%. The business had revenue of $16.47 billion for the quarter, compared to the consensus estimate of $16.55 billion. During the same period last year, the firm posted $3.19 EPS. The business’s quarterly revenue was down .6% on a year-over-year basis. Equities analysts forecast that Accenture plc will post 11.95 EPS for the current fiscal year.

Accenture Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, July 11th were paid a dividend of $1.29 per share. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Thursday, July 11th. Accenture’s dividend payout ratio is currently 47.25%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ACN shares. Piper Sandler decreased their price objective on shares of Accenture from $379.00 to $320.00 and set a “neutral” rating for the company in a research report on Monday, June 17th. Guggenheim restated a “buy” rating and set a $395.00 price objective on shares of Accenture in a report on Friday, May 24th. Piper Sandler Companies cut their target price on Accenture from $379.00 to $320.00 and set a “neutral” rating on the stock in a research report on Monday, June 17th. Stifel Nicolaus dropped their price target on shares of Accenture from $395.00 to $340.00 and set a “buy” rating for the company in a research note on Wednesday, June 12th. Finally, Susquehanna reduced their price objective on shares of Accenture from $360.00 to $350.00 and set a “neutral” rating on the stock in a research note on Friday, June 21st. Eleven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Accenture presently has a consensus rating of “Moderate Buy” and a consensus price target of $352.33.

Insider Activity at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 3,776 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $309.05, for a total transaction of $1,166,972.80. Following the sale, the chief executive officer now directly owns 11,819 shares in the company, valued at approximately $3,652,661.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other 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 transaction, the chief executive officer now directly owns 11,819 shares in the company, valued at approximately $3,652,661.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 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. Insiders sold 21,421 shares of company stock worth $6,912,635 in the last 90 days. Corporate insiders own 0.07% of the company’s stock.

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.