Meiji Yasuda Life Insurance Co Sells 507 Shares of Accenture plc (NYSE:ACN)

Meiji Yasuda Life Insurance Co trimmed its position in Accenture plc (NYSE:ACN) by 7.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,100 shares of the information technology services provider’s stock after selling 507 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Accenture were worth $1,851,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Annapolis Financial Services LLC lifted its position in shares of Accenture by 507.7% in the first quarter. Annapolis Financial Services LLC now owns 79 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 66 shares during the last quarter. Ables Iannone Moore & Associates Inc. bought a new position in Accenture during the fourth quarter worth $29,000. Atwood & Palmer Inc. increased its holdings in shares of Accenture by 214.8% in the first quarter. Atwood & Palmer Inc. now owns 85 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 58 shares during the last quarter. Unique Wealth Strategies LLC bought a new position in shares of Accenture in the second quarter valued at about $26,000. Finally, Grayhawk Investment Strategies Inc. acquired a new stake in shares of Accenture during the 4th quarter worth about $35,000. Institutional investors own 75.14% of the company’s stock.

Insider Buying and Selling

In other news, CFO Kathleen R. Mcclure sold 1,500 shares of Accenture stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $315.00, for a total transaction of $472,500.00. Following the sale, the chief financial officer now directly owns 38,570 shares of the company’s stock, valued at $12,149,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Accenture news, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction dated 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 transaction, the insider now directly owns 8,989 shares of the company’s stock, valued at approximately $2,964,751.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kathleen R. Mcclure sold 1,500 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $315.00, for a total value of $472,500.00. Following the completion of the sale, the chief financial officer now directly owns 38,570 shares of the company’s stock, valued at approximately $12,149,550. The disclosure for this sale can be found here. Insiders have sold 21,421 shares of company stock worth $6,912,635 in the last 90 days. Insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

ACN has been the topic of several research analyst reports. Piper Sandler lowered their price target on shares of Accenture from $379.00 to $320.00 and set a “neutral” rating on the stock in a report on Monday, June 17th. Wedbush lowered their target price on Accenture from $400.00 to $350.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 12th. Guggenheim reaffirmed a “buy” rating and issued a $395.00 price objective on shares of Accenture in a report on Friday, May 24th. Piper Sandler Companies dropped their target price on Accenture from $379.00 to $320.00 and set a “neutral” rating for the company in a report on Monday, June 17th. Finally, BMO Capital Markets decreased their price target on shares of Accenture from $375.00 to $350.00 and set a “market perform” rating on the stock in a research note on Friday, June 21st. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Accenture has a consensus rating of “Moderate Buy” and an average target price of $354.91.

Accenture Stock Down 4.9 %

Shares of ACN stock opened at $336.93 on Wednesday. Accenture plc has a twelve month low of $278.69 and a twelve month high of $387.51. The business has a fifty day simple moving average of $329.94 and a 200 day simple moving average of $322.59. The company has a market cap of $211.15 billion, a P/E ratio of 30.85, a P/E/G ratio of 3.82 and a beta of 1.24.

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

Accenture Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 11th were paid a $1.29 dividend. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend was Thursday, July 11th. Accenture’s payout ratio is 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.