Premier Path Wealth Partners LLC Sells 330 Shares of Accenture plc (NYSE:ACN)

Premier Path Wealth Partners LLC decreased its position in Accenture plc (NYSE:ACN) by 11.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,624 shares of the information technology services provider’s stock after selling 330 shares during the period. Premier Path Wealth Partners LLC’s holdings in Accenture were worth $796,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Pin Oak Investment Advisors Inc. raised its stake in Accenture by 8.2% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 357 shares of the information technology services provider’s stock worth $125,000 after buying an additional 27 shares in the last quarter. Addison Advisors LLC grew its position in shares of Accenture by 0.9% in the 4th quarter. Addison Advisors LLC now owns 3,181 shares of the information technology services provider’s stock worth $1,116,000 after buying an additional 28 shares during the period. Searle & CO. increased its stake in shares of Accenture by 3.6% in the 4th quarter. Searle & CO. now owns 803 shares of the information technology services provider’s stock worth $282,000 after acquiring an additional 28 shares in the last quarter. Sound View Wealth Advisors Group LLC boosted its stake in Accenture by 2.1% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 1,363 shares of the information technology services provider’s stock worth $478,000 after acquiring an additional 28 shares in the last quarter. Finally, IronBridge Private Wealth LLC grew its holdings in Accenture by 2.3% in the fourth quarter. IronBridge Private Wealth LLC now owns 1,235 shares of the information technology services provider’s stock worth $433,000 after purchasing an additional 28 shares during the period. Institutional investors own 75.14% of the company’s stock.

Accenture Trading Up 0.8 %

Shares of ACN stock traded up $2.70 on Friday, reaching $333.27. 1,518,702 shares of the company’s stock were exchanged, compared to its average volume of 2,841,372. The company’s fifty day simple moving average is $315.47 and its 200 day simple moving average is $326.50. Accenture plc has a 52 week low of $278.69 and a 52 week high of $387.51. The stock has a market capitalization of $208.86 billion, a PE ratio of 30.52, a P/E/G ratio of 3.66 and a beta of 1.23.

Accenture (NYSE:ACN) last released its earnings results on Thursday, June 20th. The information technology services provider reported $3.13 earnings per share for the quarter, missing the consensus estimate of $3.15 by ($0.02). The business had revenue of $16.47 billion for the quarter, compared to the consensus estimate of $16.55 billion. Accenture had a return on equity of 27.48% and a net margin of 10.79%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $3.19 earnings per share. As a group, sell-side analysts predict that Accenture plc will post 11.95 earnings per share for the current fiscal year.

Accenture Dividend Announcement

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

Insider Activity

In related news, CFO Kathleen R. Mcclure sold 3,000 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $309.22, for a total value of $927,660.00. Following the transaction, the chief financial officer now owns 40,070 shares of the company’s stock, valued at $12,390,445.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Kathleen R. Mcclure sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $309.22, for a total value of $927,660.00. Following the completion of the sale, the chief financial officer now owns 40,070 shares of the company’s stock, valued at approximately $12,390,445.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kathleen R. Mcclure sold 1,500 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $315.00, for a total value of $472,500.00. Following the sale, the chief financial officer now owns 38,570 shares of the company’s stock, valued at approximately $12,149,550. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,421 shares of company stock valued at $6,912,635. Corporate insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

ACN has been the subject of a number of recent research reports. Susquehanna lowered their price objective on Accenture from $360.00 to $350.00 and set a “neutral” rating for the company in a research note on Friday, June 21st. Piper Sandler Companies decreased their target price on shares of Accenture from $379.00 to $320.00 and set a “neutral” rating for the company in a report on Monday, June 17th. Mizuho cut their target price on Accenture from $398.00 to $350.00 and set a “buy” rating on the stock in a research note on Tuesday, June 18th. TD Cowen decreased their target price on Accenture from $294.00 to $293.00 and set a “hold” rating for the company in a research report on Friday, June 21st. Finally, BMO Capital Markets lowered their price objective on shares of Accenture from $375.00 to $350.00 and set a “market perform” rating on the stock in a research report on Friday, June 21st. Eleven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $352.33.

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.