Accenture plc (NYSE:ACN) Shares Sold by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC decreased its holdings in Accenture plc (NYSE:ACN) by 15.2% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,349 shares of the information technology services provider’s stock after selling 242 shares during the period. Nicolet Advisory Services LLC’s holdings in Accenture were worth $451,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ACN. McKinley Carter Wealth Services Inc. boosted its holdings in Accenture by 7.4% in the fourth quarter. McKinley Carter Wealth Services Inc. now owns 29,204 shares of the information technology services provider’s stock worth $10,248,000 after purchasing an additional 2,008 shares during the period. TrinityPoint Wealth LLC increased its stake in shares of Accenture by 3.6% in the fourth quarter. TrinityPoint Wealth LLC now owns 3,646 shares of the information technology services provider’s stock valued at $1,279,000 after purchasing an additional 125 shares during the period. Buckingham Capital Management Inc. increased its stake in shares of Accenture by 3.4% in the fourth quarter. Buckingham Capital Management Inc. now owns 27,559 shares of the information technology services provider’s stock valued at $9,671,000 after purchasing an additional 900 shares during the period. Redwood Investments LLC increased its stake in shares of Accenture by 8.3% in the fourth quarter. Redwood Investments LLC now owns 20,227 shares of the information technology services provider’s stock valued at $7,098,000 after purchasing an additional 1,542 shares during the period. Finally, Focus Financial Network Inc. ADV acquired a new stake in shares of Accenture in the fourth quarter valued at approximately $4,594,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Mizuho decreased their price target on shares of Accenture from $398.00 to $350.00 and set a “buy” rating on the stock in a research report on Tuesday, June 18th. Guggenheim restated a “buy” rating and set a $395.00 price target on shares of Accenture in a report on Friday, May 24th. Jefferies Financial Group cut their price target on shares of Accenture from $340.00 to $275.00 and set a “hold” rating on the stock in a report on Wednesday, June 5th. Deutsche Bank Aktiengesellschaft lowered Accenture from a “buy” rating to a “hold” rating and lowered their target price for the company from $409.00 to $295.00 in a report on Wednesday, May 15th. Finally, Wedbush reduced their price objective on Accenture from $400.00 to $350.00 and set an “outperform” rating for the company in a research report on Wednesday, June 12th. Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Accenture has an average rating of “Moderate Buy” and a consensus price target of $351.82.

Insider Activity

In other Accenture news, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $307.22, for a total transaction 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 filing with the SEC, which is available at the SEC website. In other news, CFO Kathleen R. Mcclure sold 1,500 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $315.00, for a total value of $472,500.00. Following the completion of the transaction, the chief financial officer now owns 38,570 shares of the company’s stock, valued at approximately $12,149,550. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction dated Thursday, April 25th. The stock was 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 of the company’s stock, valued at approximately $4,208,606.78. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,276 shares of company stock worth $4,103,233. 0.07% of the stock is owned by corporate insiders.

Accenture Trading Up 0.3 %

Accenture stock traded up $1.09 during mid-day trading on Friday, reaching $329.19. The company had a trading volume of 5,376,237 shares, compared to its average volume of 3,941,180. The company has a market cap of $206.30 billion, a P/E ratio of 30.15, a P/E/G ratio of 3.67 and a beta of 1.23. The business has a fifty day simple moving average of $300.80 and a 200 day simple moving average of $332.09. 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 quarterly 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). Accenture had a return on equity of 27.48% and a net margin of 10.79%. The firm had revenue of $16.47 billion for the quarter, compared to analysts’ expectations of $16.55 billion. During the same quarter last year, the firm posted $3.19 earnings per share. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. Research analysts forecast that Accenture plc will post 11.95 EPS for the current year.

Accenture Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 11th will be given a $1.29 dividend. This represents a $5.16 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Thursday, July 11th. Accenture’s dividend payout ratio is currently 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.