Olistico Wealth LLC boosted its holdings in shares of Accenture PLC (NYSE:ACN – Free Report) by 81.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,401 shares of the information technology services provider’s stock after buying an additional 631 shares during the period. Olistico Wealth LLC’s holdings in Accenture were worth $419,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently bought and sold shares of the business. Brighton Jones LLC increased its position in Accenture by 36.2% in the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock worth $6,486,000 after purchasing an additional 4,905 shares during the last quarter. Signal Advisors Wealth LLC increased its holdings in shares of Accenture by 15.5% during the 1st quarter. Signal Advisors Wealth LLC now owns 3,863 shares of the information technology services provider’s stock valued at $1,206,000 after acquiring an additional 518 shares during the last quarter. SeaCrest Wealth Management LLC boosted its stake in Accenture by 7.8% during the 1st quarter. SeaCrest Wealth Management LLC now owns 2,693 shares of the information technology services provider’s stock valued at $840,000 after purchasing an additional 194 shares during the period. Verum Partners LLC boosted its stake in Accenture by 3.8% during the 1st quarter. Verum Partners LLC now owns 1,810 shares of the information technology services provider’s stock valued at $565,000 after purchasing an additional 66 shares during the period. Finally, Radnor Capital Management LLC boosted its stake in Accenture by 0.8% during the 1st quarter. Radnor Capital Management LLC now owns 18,651 shares of the information technology services provider’s stock valued at $5,820,000 after purchasing an additional 144 shares during the period. 75.14% of the stock is owned by institutional investors and hedge funds.
Accenture Stock Up 0.4%
NYSE ACN opened at $245.39 on Friday. The stock has a fifty day moving average of $249.57 and a 200-day moving average of $283.36. The stock has a market capitalization of $153.69 billion, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 2.14 and a beta of 1.28. Accenture PLC has a 52 week low of $229.40 and a 52 week high of $398.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.42.
Accenture Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be given a $1.63 dividend. The ex-dividend date is Friday, October 10th. This represents a $6.52 annualized dividend and a dividend yield of 2.7%. This is an increase from Accenture’s previous quarterly dividend of $1.48. Accenture’s dividend payout ratio is 48.72%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on ACN shares. Stifel Nicolaus reduced their price objective on Accenture from $355.00 to $315.00 and set a “buy” rating for the company in a research report on Tuesday, September 16th. Robert W. Baird cut their target price on Accenture from $350.00 to $330.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Benchmark restated a “mixed” rating on shares of Accenture in a research report on Friday, June 20th. Guggenheim cut their target price on Accenture from $305.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, September 26th. Finally, BNP Paribas Exane cut their target price on Accenture from $300.00 to $255.00 and set a “neutral” rating for the company in a research report on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $300.22.
View Our Latest Research Report on ACN
Insider Transactions at Accenture
In other news, CEO Julie Spellman Sweet sold 2,251 shares of the firm’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.45, for a total value of $635,794.95. Following the transaction, the chief executive officer directly owned 8,109 shares in the company, valued at $2,290,387.05. This trade represents a 21.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Mauro Macchi sold 500 shares of the firm’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $141,170.00. Following the completion of the transaction, the chief executive officer owned 2,283 shares in the company, valued at $644,582.22. This represents a 17.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,954 shares of company stock worth $834,280 in the last three months. Insiders own 0.02% 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.
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