FDx Advisors Inc. Has $321,000 Stake in Accenture plc (NYSE:ACN)

FDx Advisors Inc. lessened its position in shares of Accenture plc (NYSE:ACN) by 92.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,059 shares of the information technology services provider’s stock after selling 13,436 shares during the period. FDx Advisors Inc.’s holdings in Accenture were worth $321,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Fisher Asset Management LLC increased its stake in Accenture by 14.3% in the 4th quarter. Fisher Asset Management LLC now owns 3,442 shares of the information technology services provider’s stock valued at $1,208,000 after buying an additional 431 shares during the last quarter. Accretive Wealth Partners LLC raised its position in Accenture by 2.3% during the fourth quarter. Accretive Wealth Partners LLC now owns 2,171 shares of the information technology services provider’s stock worth $762,000 after acquiring an additional 48 shares in the last quarter. Aveo Capital Partners LLC lifted its stake in Accenture by 7.6% in the 4th quarter. Aveo Capital Partners LLC now owns 2,264 shares of the information technology services provider’s stock valued at $794,000 after purchasing an additional 160 shares during the last quarter. 9258 Wealth Management LLC lifted its position in shares of Accenture by 3.6% in the fourth quarter. 9258 Wealth Management LLC now owns 1,308 shares of the information technology services provider’s stock valued at $459,000 after buying an additional 46 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its position in Accenture by 12.6% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,393 shares of the information technology services provider’s stock worth $489,000 after purchasing an additional 156 shares during the period. 75.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ACN has been the topic of several research reports. Wedbush decreased their target price on Accenture from $400.00 to $350.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 12th. Piper Sandler Companies lowered their price objective on Accenture from $379.00 to $320.00 and set a “neutral” rating on the stock in a research report on Monday, June 17th. Morgan Stanley downgraded Accenture from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $382.00 to $300.00 in a report on Wednesday, June 26th. Deutsche Bank Aktiengesellschaft lowered shares of Accenture from a “buy” rating to a “hold” rating and lowered their price target for the stock from $409.00 to $295.00 in a research report on Wednesday, May 15th. Finally, Robert W. Baird decreased 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. Eleven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $352.33.

Accenture Stock Performance

Shares of Accenture stock opened at $340.99 on Friday. Accenture plc has a 52 week low of $278.69 and a 52 week high of $387.51. The stock has a 50 day moving average price of $322.91 and a two-hundred day moving average price of $324.78. The stock has a market capitalization of $213.70 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 3.81 and a beta of 1.24.

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

Accenture Announces Dividend

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

Insiders Place Their Bets

In related news, CFO Kathleen R. Mcclure sold 1,500 shares of Accenture stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $315.00, for a total transaction of $472,500.00. Following the transaction, the chief financial officer now owns 38,570 shares of the company’s stock, valued at $12,149,550. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Kathleen R. Mcclure sold 1,500 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $315.00, for a total transaction of $472,500.00. Following the transaction, the chief financial officer now directly owns 38,570 shares in the company, valued at $12,149,550. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Joel Unruch sold 8,145 shares of Accenture stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $331.05, for a total transaction of $2,696,402.25. Following the transaction, the general counsel now directly owns 22,849 shares in the company, valued at approximately $7,564,161.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,421 shares of company stock valued at $6,912,635. Corporate insiders own 0.07% of the company’s stock.

Accenture 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.