CHICAGO TRUST Co NA Has $2.69 Million Holdings in Accenture plc (NYSE:ACN)

CHICAGO TRUST Co NA lowered its stake in Accenture plc (NYSE:ACN) by 0.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,626 shares of the information technology services provider’s stock after selling 77 shares during the period. CHICAGO TRUST Co NA’s holdings in Accenture were worth $2,692,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Selective Wealth Management Inc. lifted its position in shares of Accenture by 1.8% in the first quarter. Selective Wealth Management Inc. now owns 5,141 shares of the information technology services provider’s stock worth $1,462,000 after buying an additional 90 shares during the last quarter. Toth Financial Advisory Corp lifted its position in shares of Accenture by 3.2% in the first quarter. Toth Financial Advisory Corp now owns 8,763 shares of the information technology services provider’s stock worth $2,734,000 after buying an additional 271 shares during the last quarter. Baldwin Wealth Partners LLC MA lifted its position in shares of Accenture by 2.6% in the first quarter. Baldwin Wealth Partners LLC MA now owns 65,062 shares of the information technology services provider’s stock worth $20,302,000 after buying an additional 1,633 shares during the last quarter. Courier Capital LLC increased its stake in shares of Accenture by 2.2% in the first quarter. Courier Capital LLC now owns 1,741 shares of the information technology services provider’s stock worth $543,000 after purchasing an additional 38 shares during the period. Finally, Wesbanco Bank Inc. increased its stake in shares of Accenture by 3.5% in the first quarter. Wesbanco Bank Inc. now owns 8,811 shares of the information technology services provider’s stock worth $2,749,000 after purchasing an additional 294 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Stock Up 0.7%

Shares of ACN opened at $317.49 on Monday. The company has a market capitalization of $198.85 billion, a P/E ratio of 26.64, a PEG ratio of 3.23 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. Accenture plc has a one year low of $275.01 and a one year high of $398.35. The business’s 50 day simple moving average is $303.15 and its 200-day simple moving average is $336.95.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, topping the consensus estimate of $2.81 by $0.01. The business had revenue of $16.70 billion for the quarter, compared to the consensus estimate of $16.64 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. Accenture’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.77 EPS. As a group, sell-side analysts predict that Accenture plc will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th were issued a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Thursday, April 10th. Accenture’s dividend payout ratio is 48.89%.

Analyst Ratings Changes

ACN has been the topic of a number of recent analyst reports. UBS Group reiterated a “buy” rating and issued a $395.00 price objective (up from $390.00) on shares of Accenture in a research note on Thursday, May 22nd. Wall Street Zen lowered Accenture from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. Guggenheim dropped their price objective on Accenture from $400.00 to $395.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. BMO Capital Markets lifted their price objective on Accenture to $355.00 and gave the stock a “hold” rating in a research note on Wednesday, March 26th. Finally, Stifel Nicolaus lowered their price target on Accenture from $390.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Accenture has a consensus rating of “Moderate Buy” and a consensus target price of $382.14.

Insiders Place Their Bets

In other Accenture news, General Counsel Joel Unruch sold 3,563 shares of the company’s stock in a transaction on Friday, April 11th. The stock was sold at an average price of $281.78, for a total transaction of $1,003,982.14. Following the transaction, the general counsel now owns 17,237 shares of the company’s stock, valued at approximately $4,857,041.86. This represents a 17.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Angela Beatty sold 169 shares of the company’s stock in a transaction on Friday, April 11th. The stock was sold at an average price of $281.90, for a total value of $47,641.10. Following the transaction, the insider now directly owns 5,364 shares in the company, valued at approximately $1,512,111.60. This represents a 3.05% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,516 shares of company stock valued at $2,507,366. 0.02% of the stock is currently owned by corporate insiders.

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.