Accenture plc (NYSE:ACN) Shares Bought by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. raised its position in shares of Accenture plc (NYSE:ACN) by 27.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 7,735 shares of the information technology services provider’s stock after acquiring an additional 1,667 shares during the period. YHB Investment Advisors Inc.’s holdings in Accenture were worth $2,347,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Pin Oak Investment Advisors Inc. raised its stake in Accenture by 8.2% during the 4th quarter. Pin Oak Investment Advisors Inc. now owns 357 shares of the information technology services provider’s stock valued at $125,000 after purchasing an additional 27 shares during the period. Sound View Wealth Advisors Group LLC increased its stake in shares of Accenture by 2.1% in 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 during the last quarter. IronBridge Private Wealth LLC increased its stake in shares of 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 acquiring an additional 28 shares during the last quarter. Kolinsky Wealth Management LLC increased its stake in shares of Accenture by 1.0% in the fourth quarter. Kolinsky Wealth Management LLC now owns 2,888 shares of the information technology services provider’s stock worth $1,013,000 after acquiring an additional 30 shares during the last quarter. Finally, Walled Lake Planning & Wealth Management LLC increased its stake in shares of Accenture by 0.3% in the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 11,740 shares of the information technology services provider’s stock worth $4,120,000 after acquiring an additional 32 shares during the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Robert W. Baird lowered their target price on shares of Accenture from $372.00 to $345.00 and set a “neutral” rating on the stock in a research report on Thursday, May 16th. Jefferies Financial Group lowered their target price on shares of Accenture from $340.00 to $275.00 and set a “hold” rating on the stock in a research report on Wednesday, June 5th. Bank of America lowered their target price on shares of Accenture from $419.00 to $365.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. Mizuho decreased their price target on shares of Accenture from $398.00 to $350.00 and set a “buy” rating for the company in a report on Tuesday, June 18th. Finally, Piper Sandler Companies decreased their price target 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. Eleven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $352.33.

Insider Activity at Accenture

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 shares were sold at an average price of $329.82, for a total value of $1,649,100.00. Following the transaction, the insider now directly owns 8,989 shares of the company’s stock, valued at $2,964,751.98. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 shares were sold at an average price of $329.82, for a total value of $1,649,100.00. Following the transaction, the insider now directly owns 8,989 shares of the company’s stock, valued at $2,964,751.98. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Joel Unruch sold 8,145 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $331.05, for a total transaction of $2,696,402.25. Following the completion of the transaction, the general counsel now directly owns 22,849 shares in the company, valued at $7,564,161.45. The disclosure for this sale can be found here. Insiders sold a total of 21,421 shares of company stock valued at $6,912,635 over the last quarter. Corporate insiders own 0.07% of the company’s stock.

Accenture Trading Up 0.5 %

NYSE ACN opened at $341.95 on Tuesday. The firm has a market cap of $214.30 billion, a price-to-earnings ratio of 31.31, a PEG ratio of 3.81 and a beta of 1.23. The company has a 50 day moving average of $320.67 and a 200-day moving average of $324.73. Accenture plc has a 1-year low of $278.69 and a 1-year high of $387.51.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, June 20th. The information technology services provider reported $3.13 earnings per share for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). The company had revenue of $16.47 billion during 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 for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the business earned $3.19 EPS. On average, analysts forecast that Accenture plc will post 11.95 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, July 11th were issued a $1.29 dividend. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Thursday, July 11th. Accenture’s dividend payout ratio is currently 47.25%.

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.