Accenture plc (NYSE:ACN) Shares Bought by Park National Corp OH

Park National Corp OH increased its position in shares of Accenture plc (NYSE:ACN) by 19.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,603 shares of the information technology services provider’s stock after purchasing an additional 24,397 shares during the period. Accenture accounts for about 1.7% of Park National Corp OH’s investment portfolio, making the stock its 12th largest holding. Park National Corp OH’s holdings in Accenture were worth $45,694,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ACN. Vanguard Group Inc. boosted its holdings in Accenture by 1.1% during the first quarter. Vanguard Group Inc. now owns 59,718,732 shares of the information technology services provider’s stock worth $20,699,110,000 after buying an additional 635,349 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Accenture by 2.0% during the 1st quarter. Capital Research Global Investors now owns 8,652,537 shares of the information technology services provider’s stock worth $2,999,056,000 after acquiring an additional 173,107 shares in the last quarter. Norges Bank acquired a new position in shares of Accenture in the 4th quarter worth $2,061,490,000. Charles Schwab Investment Management Inc. raised its position in shares of Accenture by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,466,684 shares of the information technology services provider’s stock worth $1,556,676,000 after purchasing an additional 68,635 shares during the period. Finally, Lazard Asset Management LLC boosted its position in shares of Accenture by 4.1% in the 1st quarter. Lazard Asset Management LLC now owns 3,797,028 shares of the information technology services provider’s stock valued at $1,316,086,000 after purchasing an additional 148,738 shares during the period. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Trading Down 0.6 %

Accenture stock traded down $1.74 during mid-day trading on Monday, hitting $314.09. 2,276,544 shares of the company’s stock were exchanged, compared to its average volume of 2,902,636. Accenture plc has a 1-year low of $278.69 and a 1-year high of $387.51. The stock has a 50 day moving average of $307.84 and a two-hundred day moving average of $329.01. The stock has a market cap of $196.84 billion, a P/E ratio of 28.92, a P/E/G ratio of 3.66 and a beta of 1.23.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, June 20th. The information technology services provider reported $3.13 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). The company had revenue of $16.47 billion for the quarter, compared to analyst estimates of $16.55 billion. Accenture had a net margin of 10.79% and a return on equity of 27.48%. The business’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company posted $3.19 EPS. As a group, research analysts predict that Accenture plc will post 11.95 EPS for the current fiscal year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, July 11th will be issued a dividend of $1.29 per share. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Thursday, July 11th. Accenture’s dividend payout ratio is 47.25%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. UBS Group upgraded Accenture from a “neutral” rating to a “buy” rating and set a $400.00 price objective on the stock in a report on Friday, July 19th. Barclays decreased their price objective on shares of Accenture from $390.00 to $350.00 and set an “overweight” rating for the company in a research note on Monday, June 17th. StockNews.com lowered Accenture from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. Piper Sandler lowered their price target on Accenture from $379.00 to $320.00 and set a “neutral” rating on the stock in a report on Monday, June 17th. Finally, Guggenheim reissued a “buy” rating and issued a $395.00 price objective on shares of Accenture in a research note on Friday, May 24th. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Accenture currently has a consensus rating of “Moderate Buy” and an average target price of $351.82.

Insider Activity

In other Accenture news, CEO Julie Spellman Sweet sold 3,776 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $309.05, for a total value of $1,166,972.80. Following the sale, the chief executive officer now 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 accessible through this link. In other Accenture news, insider Ellyn Shook sold 5,000 shares of the firm’s stock in a transaction that occurred 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 owns 8,989 shares in the company, valued at approximately $2,964,751.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Julie Spellman Sweet sold 3,776 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $309.05, for a total value of $1,166,972.80. Following the completion of the sale, the chief executive officer now owns 11,819 shares of the company’s stock, valued at approximately $3,652,661.95. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,421 shares of company stock valued at $6,912,635. 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.