Traveka Wealth LLC Has $410,000 Stock Holdings in Accenture PLC (NYSE:ACN)

Traveka Wealth LLC decreased its position in shares of Accenture PLC (NYSE:ACN) by 3.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,314 shares of the information technology services provider’s stock after selling 52 shares during the period. Traveka Wealth LLC’s holdings in Accenture were worth $410,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ACN. Norges Bank bought a new position in Accenture during the 4th quarter worth $2,351,683,000. GAMMA Investing LLC increased its position in Accenture by 30,256.8% during the 1st quarter. GAMMA Investing LLC now owns 3,421,519 shares of the information technology services provider’s stock worth $1,067,651,000 after buying an additional 3,410,248 shares during the period. Wellington Management Group LLP increased its position in Accenture by 22.8% during the 4th quarter. Wellington Management Group LLP now owns 12,175,518 shares of the information technology services provider’s stock worth $4,283,225,000 after buying an additional 2,260,740 shares during the period. Capital Research Global Investors increased its position in Accenture by 16.8% during the 4th quarter. Capital Research Global Investors now owns 12,295,748 shares of the information technology services provider’s stock worth $4,325,526,000 after buying an additional 1,770,024 shares during the period. Finally, Amundi increased its position in Accenture by 27.9% during the 4th quarter. Amundi now owns 3,790,069 shares of the information technology services provider’s stock worth $1,353,909,000 after buying an additional 826,038 shares during the period. Institutional investors own 75.14% of the company’s stock.

Insider Buying and Selling

In other Accenture news, CEO Julie Spellman Sweet sold 2,284 shares of the business’s stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $281.63, for a total value of $643,242.92. Following the transaction, the chief executive officer directly owned 9,965 shares of the company’s stock, valued at approximately $2,806,442.95. The trade was a 18.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO John F. Walsh sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $325.00, for a total value of $812,500.00. Following the completion of the transaction, the chief operating officer directly owned 15,882 shares in the company, valued at approximately $5,161,650. This trade represents a 13.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,516 shares of company stock valued at $2,507,366 in the last ninety days. Insiders own 0.02% of the company’s stock.

Accenture Price Performance

Accenture stock opened at $304.58 on Friday. The stock’s 50 day moving average is $309.55 and its 200 day moving average is $329.56. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a market cap of $190.76 billion, a P/E ratio of 24.25, a P/E/G ratio of 2.86 and a beta of 1.29. Accenture PLC has a one year low of $273.19 and a one year high of $398.35.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.32 by $0.17. The company had revenue of $17.73 billion for the quarter, compared to analyst estimates of $17.26 billion. Accenture had a return on equity of 26.55% and a net margin of 11.61%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $3.13 earnings per share. As a group, research analysts expect that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 10th will be paid a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Thursday, July 10th. Accenture’s dividend payout ratio is currently 47.13%.

Analysts Set New Price Targets

ACN has been the subject of a number of analyst reports. Piper Sandler dropped their price target on Accenture from $364.00 to $355.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Benchmark reaffirmed a “mixed” rating on shares of Accenture in a research note on Friday, June 20th. Morgan Stanley dropped their price target on Accenture from $340.00 to $325.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 24th. Royal Bank Of Canada dropped their price target on Accenture from $399.00 to $392.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. Finally, Argus set a $370.00 price target on Accenture in a research note on Tuesday, June 24th. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Accenture currently has a consensus rating of “Moderate Buy” and an average price target of $370.71.

About Accenture

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.