1,465 Shares in Accenture plc (NYSE:ACN) Bought by Rothschild Investment LLC

Rothschild Investment LLC purchased a new stake in shares of Accenture plc (NYSE:ACN) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,465 shares of the information technology services provider’s stock, valued at approximately $444,000.

Other large investors have also made changes to their positions in the company. Blue Fin Capital Inc. lifted its holdings in Accenture by 1.5% in the 2nd quarter. Blue Fin Capital Inc. now owns 6,492 shares of the information technology services provider’s stock worth $1,970,000 after purchasing an additional 97 shares in the last quarter. Mirova US LLC purchased a new position in shares of Accenture in the second quarter worth $56,752,000. Intact Investment Management Inc. boosted its position in shares of Accenture by 11.6% during the second quarter. Intact Investment Management Inc. now owns 3,740 shares of the information technology services provider’s stock worth $1,135,000 after acquiring an additional 390 shares during the last quarter. Holistic Financial Partners grew its stake in Accenture by 13.4% during the second quarter. Holistic Financial Partners now owns 752 shares of the information technology services provider’s stock valued at $228,000 after acquiring an additional 89 shares in the last quarter. Finally, Birch Hill Investment Advisors LLC increased its holdings in Accenture by 1.9% in the 2nd quarter. Birch Hill Investment Advisors LLC now owns 27,777 shares of the information technology services provider’s stock valued at $8,428,000 after acquiring an additional 521 shares during the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Kathleen R. Mcclure sold 3,000 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $309.22, for a total transaction of $927,660.00. Following the transaction, the chief financial officer now owns 40,070 shares in the company, valued at $12,390,445.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Accenture news, 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 transaction of $472,500.00. Following the completion of the sale, the chief financial officer now owns 38,570 shares in the company, valued at $12,149,550. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Kathleen R. Mcclure sold 3,000 shares of Accenture stock in a transaction 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 transaction, the chief financial officer now owns 40,070 shares in the company, valued at $12,390,445.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,421 shares of company stock worth $6,912,635. 0.07% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ACN. Jefferies Financial Group cut their price objective on Accenture from $340.00 to $275.00 and set a “hold” rating for the company in a research report on Wednesday, June 5th. Bank of America reduced their price objective on Accenture from $419.00 to $365.00 and set a “buy” rating on the stock in a research note on Wednesday, June 5th. Stifel Nicolaus lowered their target price on Accenture from $395.00 to $340.00 and set a “buy” rating for the company in a research report on Wednesday, June 12th. Piper Sandler reduced their price target on shares of Accenture from $379.00 to $320.00 and set a “neutral” rating on the stock in a research report on Monday, June 17th. Finally, The Goldman Sachs Group started coverage on shares of Accenture in a research report on Monday, June 24th. They set a “neutral” rating and a $335.00 price objective for the company. Eleven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and a consensus target price of $352.33.

Accenture Stock Up 0.5 %

ACN stock opened at $341.95 on Monday. Accenture plc has a twelve month low of $278.69 and a twelve month high of $387.51. 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 business’s fifty day simple moving average is $319.98 and its two-hundred day simple moving average is $324.93.

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

Accenture Announces Dividend

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

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.