Town & Country Bank & Trust CO dba First Bankers Trust CO Raises Stake in Accenture plc (NYSE:ACN)

Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its position in shares of Accenture plc (NYSE:ACN) by 1.7% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 6,519 shares of the information technology services provider’s stock after buying an additional 111 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Accenture were worth $2,260,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Chilton Capital Management LLC grew its position in shares of Accenture by 180.0% in the fourth quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 45 shares during the period. DiNuzzo Private Wealth Inc. purchased a new stake in Accenture in the 4th quarter valued at about $27,000. Ables Iannone Moore & Associates Inc. purchased a new position in shares of Accenture during the 4th quarter worth about $29,000. Atwood & Palmer Inc. boosted its position 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 worth $29,000 after acquiring an additional 58 shares during the last quarter. Finally, Halpern Financial Inc. purchased a new stake in Accenture in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Buying and Selling at Accenture

In other news, CEO Jean-Marc Ollagnier sold 6,250 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $315.91, for a total transaction of $1,974,437.50. Following the sale, the chief executive officer now owns 161,581 shares in the company, valued at $51,045,053.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Jean-Marc Ollagnier sold 6,250 shares of Accenture stock in a transaction on Friday, April 12th. The stock was sold at an average price of $315.91, for a total transaction of $1,974,437.50. Following the transaction, the chief executive officer now owns 161,581 shares in the company, valued at $51,045,053.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Joel Unruch sold 4,333 shares of the stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $316.12, for a total value of $1,369,747.96. Following the completion of the sale, the general counsel now directly owns 30,702 shares of the company’s stock, valued at $9,705,516.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,083 shares of company stock valued at $6,302,285. 0.07% of the stock is currently owned by corporate insiders.

Accenture Stock Up 0.1 %

ACN stock traded up $0.22 during mid-day trading on Friday, reaching $303.41. The company had a trading volume of 14,905,693 shares, compared to its average volume of 4,036,297. The stock’s 50-day simple moving average is $300.17 and its two-hundred day simple moving average is $336.10. Accenture plc has a one year low of $278.69 and a one year high of $387.51. The stock has a market capitalization of $203.51 billion, a P/E ratio of 27.78, a P/E/G ratio of 3.38 and a beta of 1.21.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, June 20th. The information technology services provider reported $3.13 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). The company had revenue of $16.47 billion for 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%. Accenture’s revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.19 EPS. On average, research analysts forecast that Accenture plc will post 11.95 EPS for the current fiscal year.

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 11th will be paid a $1.29 dividend. The ex-dividend date is Thursday, July 11th. This represents a $5.16 dividend on an annualized basis and a yield of 1.70%. Accenture’s dividend payout ratio is currently 47.25%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Barclays decreased their price target on shares of Accenture from $390.00 to $350.00 and set an “overweight” rating on the stock in a report on Monday, June 17th. TD Cowen reduced their price objective on Accenture from $294.00 to $293.00 and set a “hold” rating on the stock in a research note on Friday, June 21st. Bank of America dropped their target price on shares of Accenture from $419.00 to $365.00 and set a “buy” rating for the company in a research report on Wednesday, June 5th. StockNews.com downgraded shares of Accenture from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Finally, Citigroup reduced their target price on shares of Accenture from $430.00 to $400.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Twelve analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Accenture has an average rating of “Moderate Buy” and a consensus price target of $352.74.

Accenture 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.