Mercer Global Advisors Inc. ADV Has $94.89 Million Position in Accenture plc (NYSE:ACN)

Mercer Global Advisors Inc. ADV lifted its holdings in shares of Accenture plc (NYSE:ACN) by 59.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 312,741 shares of the information technology services provider’s stock after purchasing an additional 116,005 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Accenture were worth $94,889,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ACN. Accretive Wealth Partners LLC grew its holdings in shares of 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 purchasing an additional 48 shares during the last quarter. Aveo Capital Partners LLC increased its position in Accenture by 7.6% in the fourth quarter. Aveo Capital Partners LLC now owns 2,264 shares of the information technology services provider’s stock worth $794,000 after purchasing an additional 160 shares during the period. 9258 Wealth Management LLC increased its position in 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 worth $459,000 after purchasing an additional 46 shares during the period. Gryphon Financial Partners LLC increased its position in Accenture by 79.5% in the fourth quarter. Gryphon Financial Partners LLC now owns 2,535 shares of the information technology services provider’s stock worth $881,000 after purchasing an additional 1,123 shares during the period. Finally, Level Four Advisory Services LLC increased its position in Accenture by 14.7% in the fourth quarter. Level Four Advisory Services LLC now owns 1,970 shares of the information technology services provider’s stock worth $691,000 after purchasing an additional 252 shares during the period. Institutional investors own 75.14% of the company’s stock.

Accenture Price Performance

NYSE:ACN opened at $336.93 on Wednesday. The stock has a market capitalization of $211.15 billion, a PE ratio of 30.85, a price-to-earnings-growth ratio of 3.82 and a beta of 1.24. The business’s 50-day simple moving average is $329.94 and its 200-day simple moving average is $322.59. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week high of $387.51.

Accenture (NYSE:ACN) last released its 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 firm had revenue of $16.47 billion during the quarter, compared to the consensus estimate of $16.55 billion. Accenture had a net margin of 10.79% and a return on equity of 27.48%. The company’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.19 EPS. On average, research analysts expect that Accenture plc will post 11.95 earnings per share for the current year.

Accenture Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, July 11th were paid a $1.29 dividend. This represents a $5.16 annualized dividend and a yield of 1.53%. The ex-dividend date was Thursday, July 11th. Accenture’s payout ratio is 47.25%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ACN. TD Cowen lifted their price objective on Accenture from $293.00 to $321.00 and gave the stock a “hold” rating in a research report on Thursday, September 12th. Piper Sandler lowered their price objective on Accenture from $379.00 to $320.00 and set a “neutral” rating for the company in a research report on Monday, June 17th. BMO Capital Markets lowered their price objective on Accenture from $375.00 to $350.00 and set a “market perform” rating for the company in a research report on Friday, June 21st. Guggenheim restated a “buy” rating and set a $395.00 target price on shares of Accenture in a research report on Friday, May 24th. Finally, Susquehanna decreased their target price on Accenture from $360.00 to $350.00 and set a “neutral” rating for the company in a research report on Friday, June 21st. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $354.91.

Insider Buying and Selling at Accenture

In other Accenture 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 value of $1,649,100.00. Following the sale, the insider now owns 8,989 shares in the company, valued at approximately $2,964,751.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Ellyn Shook sold 5,000 shares of the company’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 sale, the insider now 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 is available at the SEC website. Also, CEO Julie Spellman Sweet sold 3,776 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $309.05, for a total value of $1,166,972.80. Following the sale, the chief executive officer now owns 11,819 shares in the company, valued at approximately $3,652,661.95. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,421 shares of company stock worth $6,912,635. Corporate insiders own 0.07% of the company’s stock.

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.