International Assets Investment Management LLC Sells 253 Shares of Accenture plc (NYSE:ACN)

International Assets Investment Management LLC decreased its position in shares of Accenture plc (NYSE:ACN) by 15.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,364 shares of the information technology services provider’s stock after selling 253 shares during the quarter. International Assets Investment Management LLC’s holdings in Accenture were worth $462,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of ACN. Operose Advisors LLC acquired a new position in Accenture during the third quarter worth $203,000. Milestone Asset Management LLC lifted its position in Accenture by 5.5% in the 3rd quarter. Milestone Asset Management LLC now owns 889 shares of the information technology services provider’s stock valued at $274,000 after acquiring an additional 46 shares in the last quarter. Mather Group LLC. lifted its position in Accenture by 19.3% in the 3rd quarter. Mather Group LLC. now owns 11,852 shares of the information technology services provider’s stock valued at $3,640,000 after acquiring an additional 1,914 shares in the last quarter. Valley National Advisers Inc. boosted its stake in Accenture by 40.3% during the 3rd quarter. Valley National Advisers Inc. now owns 167 shares of the information technology services provider’s stock valued at $51,000 after purchasing an additional 48 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in shares of Accenture by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 286,711 shares of the information technology services provider’s stock worth $88,052,000 after purchasing an additional 1,143 shares during the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ACN shares. Susquehanna lowered their price target on Accenture from $360.00 to $350.00 and set a “neutral” rating for the company in a research report on Friday. StockNews.com lowered shares of Accenture from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Piper Sandler reduced their price objective on shares of Accenture from $379.00 to $320.00 and set a “neutral” rating for the company in a research 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. Finally, Stifel Nicolaus decreased their price target on Accenture from $395.00 to $340.00 and set a “buy” rating for the company in a research report on Wednesday, June 12th. Eleven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $357.09.

Insider Buying and Selling

In other Accenture news, General Counsel Joel Unruch sold 4,333 shares of the company’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $316.12, for a total value of $1,369,747.96. Following the transaction, the general counsel now directly owns 30,702 shares in the company, valued at approximately $9,705,516.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Accenture news, General Counsel Joel Unruch sold 4,333 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $316.12, for a total value of $1,369,747.96. Following the completion of the transaction, the general counsel now owns 30,702 shares of the company’s stock, valued at approximately $9,705,516.24. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kathleen R. Mcclure sold 4,500 shares of Accenture stock in a transaction on Friday, April 12th. The stock was sold at an average price of $316.00, for a total transaction of $1,422,000.00. Following the sale, the chief financial officer now directly owns 42,781 shares of the company’s stock, valued at $13,518,796. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,083 shares of company stock worth $6,302,285. Corporate insiders own 0.07% of the company’s stock.

Accenture Stock Performance

Shares of NYSE ACN opened at $307.21 on Tuesday. The stock has a fifty day moving average of $301.03 and a 200-day moving average of $337.09. The stock has a market cap of $206.06 billion, a PE ratio of 28.13, a price-to-earnings-growth ratio of 3.35 and a beta of 1.21. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week 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 for the quarter, missing the consensus estimate of $3.15 by ($0.02). The company had revenue of $16.47 billion for the quarter, compared to the consensus estimate of $16.55 billion. Accenture had a net margin of 10.79% and a return on equity of 27.48%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.19 earnings per share. On average, sell-side analysts predict that Accenture plc will post 12 EPS for the current year.

Accenture Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, July 11th will be issued a $1.29 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $5.16 annualized dividend and a dividend yield of 1.68%. Accenture’s 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.