Accenture plc (NYSE:ACN) Shares Sold by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC decreased its stake in Accenture plc (NYSE:ACN) by 1.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,820 shares of the information technology services provider’s stock after selling 86 shares during the period. Alpha Omega Wealth Management LLC’s holdings in Accenture were worth $2,017,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Chilton Capital Management LLC boosted its stake in Accenture by 180.0% during the 4th quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 45 shares during the period. DiNuzzo Private Wealth Inc. acquired a new stake in Accenture during the 4th quarter worth $27,000. Ables Iannone Moore & Associates Inc. acquired a new stake in Accenture during the 4th quarter worth $29,000. Atwood & Palmer Inc. boosted its stake in Accenture by 214.8% during the 1st quarter. Atwood & Palmer Inc. now owns 85 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 58 shares during the period. Finally, Halpern Financial Inc. acquired a new stake in Accenture during the 4th quarter worth $31,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wedbush cut their price objective on shares of Accenture from $400.00 to $350.00 and set an “outperform” rating for the company in a research report on Wednesday, June 12th. Jefferies Financial Group cut their price objective on shares of Accenture from $340.00 to $275.00 and set a “hold” rating for the company in a research report on Wednesday, June 5th. Susquehanna cut their price objective on shares of Accenture from $360.00 to $350.00 and set a “neutral” rating for the company in a research report on Friday, June 21st. Guggenheim restated a “buy” rating and set a $395.00 price objective on shares of Accenture in a research report on Friday, May 24th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Accenture from a “buy” rating to a “hold” rating and cut their price objective for the stock from $409.00 to $295.00 in a research report on Wednesday, May 15th. Twelve research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $352.74.

Insider Buying and Selling

In related news, insider Ellyn Shook sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $307.22, for a total value of $1,536,100.00. Following the sale, the insider now directly owns 13,699 shares of the company’s stock, valued at $4,208,606.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Accenture news, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the transaction, the insider now directly owns 13,699 shares of the company’s stock, valued at $4,208,606.78. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jean-Marc Ollagnier sold 6,250 shares of Accenture stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $315.91, for a total transaction of $1,974,437.50. Following the transaction, the chief executive officer now directly owns 161,581 shares in the company, valued at $51,045,053.71. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,083 shares of company stock valued at $6,302,285. Insiders own 0.07% of the company’s stock.

Accenture Trading Up 0.1 %

NYSE:ACN opened at $303.41 on Friday. Accenture plc has a twelve month low of $278.69 and a twelve month high of $387.51. The company has a market capitalization of $203.51 billion, a P/E ratio of 27.78, a price-to-earnings-growth ratio of 3.38 and a beta of 1.21. The firm has a 50-day moving average price of $300.17 and a two-hundred day moving average price of $336.10.

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

Accenture Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 11th will be given 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 1.70%. Accenture’s dividend payout ratio is presently 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.