Nichols & Pratt Advisers LLP MA Sells 70 Shares of Accenture plc (NYSE:ACN)

Nichols & Pratt Advisers LLP MA reduced its position in shares of Accenture plc (NYSE:ACN) by 0.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,167 shares of the information technology services provider’s stock after selling 70 shares during the period. Accenture comprises 1.6% of Nichols & Pratt Advisers LLP MA’s investment portfolio, making the stock its 23rd largest holding. Nichols & Pratt Advisers LLP MA’s holdings in Accenture were worth $23,717,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in ACN. Vanguard Group Inc. increased its stake in shares of Accenture by 1.1% in the first quarter. Vanguard Group Inc. now owns 59,718,732 shares of the information technology services provider’s stock valued at $20,699,110,000 after buying an additional 635,349 shares during the period. Capital Research Global Investors raised its holdings in 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 purchasing an additional 173,107 shares during the last quarter. Norges Bank bought a new stake in shares of Accenture in the 4th quarter valued at $2,061,490,000. Charles Schwab Investment Management Inc. increased 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 buying an additional 68,635 shares during the period. Finally, Lazard Asset Management LLC raised its stake in Accenture by 4.1% during the first quarter. Lazard Asset Management LLC now owns 3,797,028 shares of the information technology services provider’s stock worth $1,316,086,000 after buying an additional 148,738 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Julie Spellman Sweet sold 3,776 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $309.05, for a total value of $1,166,972.80. Following the transaction, the chief executive officer now directly owns 11,819 shares in the company, valued at $3,652,661.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Julie Spellman Sweet sold 3,776 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 11,819 shares of the company’s stock, valued at $3,652,661.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction dated 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 sale, the insider now directly owns 8,989 shares of the company’s stock, valued at approximately $2,964,751.98. The disclosure for this sale can be found here. Insiders have sold 21,421 shares of company stock worth $6,912,635 in the last ninety days. 0.07% of the stock is currently owned by insiders.

Accenture Stock Up 0.8 %

Shares of NYSE:ACN traded up $2.70 during midday trading on Friday, reaching $333.27. 1,518,702 shares of the company traded hands, compared to its average volume of 2,841,372. The firm’s fifty day moving average price is $315.47 and its two-hundred day moving average price is $326.24. The firm has a market capitalization of $208.86 billion, a price-to-earnings ratio of 30.52, a price-to-earnings-growth ratio of 3.66 and a beta of 1.23. Accenture plc has a 12 month low of $278.69 and a 12 month high of $387.51.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, June 20th. The information technology services provider reported $3.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). The firm had revenue of $16.47 billion during the quarter, compared to analysts’ expectations of $16.55 billion. Accenture had a return on equity of 27.48% and a net margin of 10.79%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the company posted $3.19 earnings per share. Analysts forecast that Accenture plc will post 11.95 earnings per share for the current year.

Accenture Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, July 11th were given a dividend of $1.29 per share. This represents a $5.16 annualized dividend and a yield of 1.55%. The ex-dividend date was Thursday, July 11th. Accenture’s payout ratio is 47.25%.

Wall Street Analyst Weigh In

ACN has been the subject of several research analyst reports. TD Cowen lowered their price objective on Accenture from $294.00 to $293.00 and set a “hold” rating for the company in a research report on Friday, June 21st. Stifel Nicolaus dropped their price target on Accenture from $395.00 to $340.00 and set a “buy” rating on the stock in a research note on Wednesday, June 12th. Bank of America reduced their price objective on shares of Accenture from $419.00 to $365.00 and set a “buy” rating for the company in a research report on Wednesday, June 5th. Jefferies Financial Group cut their target price on shares of Accenture from $340.00 to $275.00 and set a “hold” rating on the stock in a research note on Wednesday, June 5th. Finally, StockNews.com lowered Accenture from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. Eleven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $352.33.

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.