Accenture plc (NYSE:ACN) Shares Purchased by Edmonds Duncan Registered Investment Advisors LLC

Edmonds Duncan Registered Investment Advisors LLC grew its holdings in shares of Accenture plc (NYSE:ACN) by 7.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 600 shares of the information technology services provider’s stock after buying an additional 40 shares during the quarter. Edmonds Duncan Registered Investment Advisors LLC’s holdings in Accenture were worth $208,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ACN. Chilton Capital Management LLC increased its position in shares of Accenture by 180.0% in the 4th quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 45 shares during the last quarter. DiNuzzo Private Wealth Inc. acquired a new stake in Accenture during the fourth quarter valued at approximately $27,000. Annapolis Financial Services LLC grew its position in shares of Accenture by 507.7% in the 1st quarter. Annapolis Financial Services LLC now owns 79 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 66 shares in the last quarter. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Accenture during the 4th quarter valued at approximately $29,000. Finally, Atwood & Palmer Inc. boosted its holdings in 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 purchasing an additional 58 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on ACN. Piper Sandler Companies decreased their price target on shares of Accenture from $379.00 to $320.00 and set a “neutral” rating for the company in a report on Monday, June 17th. TD Cowen dropped their target price on Accenture from $294.00 to $293.00 and set a “hold” rating on the stock in a research report on Friday, June 21st. Deutsche Bank Aktiengesellschaft cut shares of Accenture from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $409.00 to $295.00 in a report on Wednesday, May 15th. Barclays decreased their target price on shares of Accenture from $390.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, June 17th. Finally, Redburn Atlantic boosted their price objective on Accenture from $410.00 to $445.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Twelve investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $352.74.

Accenture Trading Down 0.1 %

Shares of Accenture stock traded down $0.28 during mid-day trading on Tuesday, reaching $302.27. 387,687 shares of the stock were exchanged, compared to its average volume of 2,894,693. The company has a market cap of $189.43 billion, a price-to-earnings ratio of 27.70, a price-to-earnings-growth ratio of 3.38 and a beta of 1.23. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week high of $387.51. The firm has a 50-day simple moving average of $300.17 and a 200 day simple moving average of $336.05.

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

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 11th will be issued a dividend of $1.29 per share. This represents a $5.16 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Thursday, July 11th. Accenture’s dividend payout ratio is currently 47.25%.

Insiders Place Their Bets

In related news, insider Ellyn Shook sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $307.22, for a total value of $1,536,100.00. Following the completion of the sale, the insider now owns 13,699 shares of the company’s stock, valued at $4,208,606.78. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Accenture news, CEO Jean-Marc Ollagnier sold 6,250 shares of Accenture stock in a transaction 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 completion of the sale, the chief executive officer now owns 161,581 shares of the company’s stock, valued at approximately $51,045,053.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ellyn Shook sold 5,000 shares of the stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $307.22, for a total value of $1,536,100.00. Following the completion of the transaction, the insider now directly owns 13,699 shares in the company, valued at approximately $4,208,606.78. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,083 shares of company stock valued at $6,302,285. Insiders own 0.07% of the company’s stock.

About Accenture

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.