One Wealth Management Investment & Advisory Services LLC Increases Stake in Accenture plc (NYSE:ACN)

One Wealth Management Investment & Advisory Services LLC lifted its holdings in Accenture plc (NYSE:ACN) by 1.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,048 shares of the information technology services provider’s stock after purchasing an additional 33 shares during the quarter. One Wealth Management Investment & Advisory Services LLC’s holdings in Accenture were worth $925,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Accenture by 1.1% in the first quarter. Vanguard Group Inc. now owns 59,718,732 shares of the information technology services provider’s stock worth $20,699,110,000 after buying an additional 635,349 shares during the last quarter. Capital Research Global Investors lifted its position in Accenture by 2.0% in the first quarter. Capital Research Global Investors now owns 8,652,537 shares of the information technology services provider’s stock worth $2,999,056,000 after buying an additional 173,107 shares during the last quarter. Norges Bank bought a new stake in Accenture in the fourth quarter worth $2,061,490,000. Lazard Asset Management LLC lifted its position in Accenture by 4.1% in the first quarter. Lazard Asset Management LLC now owns 3,797,028 shares of the information technology services provider’s stock worth $1,316,086,000 after buying an additional 148,738 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Accenture by 6.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,044,810 shares of the information technology services provider’s stock worth $1,055,362,000 after purchasing an additional 178,003 shares during the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Stock Down 0.3 %

Shares of ACN stock traded down $1.09 during trading hours on Friday, hitting $339.84. 1,613,563 shares of the company’s stock were exchanged, compared to its average volume of 2,781,811. The firm has a market cap of $212.98 billion, a P/E ratio of 31.11, a P/E/G ratio of 3.81 and a beta of 1.24. The firm has a 50 day moving average of $323.63 and a two-hundred day moving average of $324.57. 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 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 business had revenue of $16.47 billion for 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% compared to the same quarter last year. During the same period in the previous year, the company earned $3.19 earnings per share. On average, equities analysts forecast that Accenture plc will post 11.95 earnings per share for the current fiscal year.

Accenture Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, July 11th were given a dividend of $1.29 per share. This represents a $5.16 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend was Thursday, July 11th. Accenture’s payout ratio is 47.25%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ACN. Jefferies Financial Group decreased their target price on Accenture from $340.00 to $275.00 and set a “hold” rating for the company in a research report on Wednesday, June 5th. Piper Sandler Companies decreased their price objective on Accenture from $379.00 to $320.00 and set a “neutral” rating for the company in a report on Monday, June 17th. Bank of America decreased their price objective on Accenture from $419.00 to $365.00 and set a “buy” rating for the company in a report on Wednesday, June 5th. Stifel Nicolaus decreased their price objective on Accenture from $395.00 to $340.00 and set a “buy” rating for the company in a report on Wednesday, June 12th. Finally, The Goldman Sachs Group started coverage on Accenture in a research note on Monday, June 24th. They issued a “neutral” rating and a $335.00 target price on the stock. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Accenture currently has an average rating of “Moderate Buy” and a consensus price target of $353.41.

Insider Buying and Selling

In related news, insider Ellyn Shook sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $329.82, for a total transaction of $1,649,100.00. Following the completion of the sale, the insider now directly owns 8,989 shares in the company, valued at $2,964,751.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Accenture news, CFO Kathleen R. Mcclure sold 3,000 shares of the company’s 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 completion of the sale, the chief financial officer now directly owns 40,070 shares in the company, valued at approximately $12,390,445.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ellyn Shook sold 5,000 shares of the company’s stock in a transaction on Tuesday, July 23rd. The shares were 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 owns 8,989 shares of the company’s stock, valued at $2,964,751.98. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,421 shares of company stock worth $6,912,635. 0.07% of the stock is 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.