Larson Financial Group LLC Sells 1,038 Shares of Accenture plc (NYSE:ACN)

Larson Financial Group LLC trimmed its holdings in shares of Accenture plc (NYSE:ACN) by 52.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 947 shares of the information technology services provider’s stock after selling 1,038 shares during the quarter. Larson Financial Group LLC’s holdings in Accenture were worth $287,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Unique Wealth Strategies LLC bought a new position in shares of Accenture during the 2nd quarter worth approximately $26,000. Annapolis Financial Services LLC increased its position in shares of Accenture by 507.7% during the first quarter. Annapolis Financial Services LLC now owns 79 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 66 shares in the last quarter. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Accenture during the 4th quarter valued at $29,000. Atwood & Palmer Inc. boosted its position in shares of Accenture by 214.8% in 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 in the last quarter. Finally, Grayhawk Investment Strategies Inc. acquired a new position in Accenture during the 4th quarter valued at about $35,000. Institutional investors own 75.14% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ACN. JPMorgan Chase & Co. raised their price target on Accenture from $330.00 to $376.00 and gave the stock an “overweight” rating in a report on Friday. Piper Sandler Companies dropped their target price 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. Mizuho lowered their price objective on shares of Accenture from $398.00 to $350.00 and set a “buy” rating for the company in a research note on Tuesday, June 18th. Guggenheim reissued a “buy” rating and issued a $395.00 target price on shares of Accenture in a research report on Friday, May 24th. Finally, Wedbush lowered their price target on Accenture from $400.00 to $350.00 and set an “outperform” rating for the company in a research report on Wednesday, June 12th. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $353.41.

Accenture Trading Down 0.4 %

Shares of ACN opened at $339.73 on Friday. The firm has a market cap of $212.91 billion, a P/E ratio of 31.11, a PEG ratio of 3.81 and a beta of 1.24. The stock’s 50 day moving average is $323.63 and its two-hundred day moving average is $324.57. Accenture plc has a 12 month low of $278.69 and a 12 month high of $387.51.

Accenture (NYSE:ACN) last posted its quarterly earnings data 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). The firm had revenue of $16.47 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the firm posted $3.19 earnings per share. Equities research analysts forecast that Accenture plc will post 11.95 EPS for the current year.

Accenture Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 1.52%. Accenture’s dividend payout ratio (DPR) is presently 47.25%.

Insider Transactions at Accenture

In related news, insider Ellyn Shook sold 5,000 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $329.82, for a total transaction of $1,649,100.00. Following the transaction, the insider now directly owns 8,989 shares in the company, valued at $2,964,751.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Accenture news, insider Ellyn Shook sold 5,000 shares of the company’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $329.82, for a total value of $1,649,100.00. Following the completion of the sale, the insider now directly owns 8,989 shares in the company, valued at approximately $2,964,751.98. The sale 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 stock was sold at an average price of $309.22, for a total value of $927,660.00. Following the transaction, the chief financial officer now owns 40,070 shares in the company, valued at approximately $12,390,445.40. The disclosure for this sale can be found here. Insiders sold 21,421 shares of company stock valued at $6,912,635 over the last 90 days. 0.07% of the stock is currently owned by corporate insiders.

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.