Umpqua Bank Has $1.16 Million Holdings in Accenture plc (NYSE:ACN)

Umpqua Bank raised its holdings in Accenture plc (NYSE:ACN) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,816 shares of the information technology services provider’s stock after acquiring an additional 61 shares during the period. Umpqua Bank’s holdings in Accenture were worth $1,158,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. McKinley Carter Wealth Services Inc. lifted its position in Accenture by 7.4% in the 4th quarter. McKinley Carter Wealth Services Inc. now owns 29,204 shares of the information technology services provider’s stock valued at $10,248,000 after acquiring an additional 2,008 shares in the last quarter. TrinityPoint Wealth LLC lifted its holdings 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 in the last quarter. Focus Financial Network Inc. ADV bought a new position in shares of Accenture during the fourth quarter worth about $4,594,000. New Mexico Educational Retirement Board raised its position in Accenture by 11.9% in the 1st quarter. New Mexico Educational Retirement Board now owns 36,750 shares of the information technology services provider’s stock valued at $12,393,000 after buying an additional 3,900 shares during the last quarter. Finally, Platform Technology Partners lifted its stake in Accenture by 7.0% in the 4th quarter. Platform Technology Partners now owns 1,996 shares of the information technology services provider’s stock valued at $733,000 after acquiring an additional 131 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Accenture news, CFO Kathleen R. Mcclure sold 3,000 shares of the company’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $309.22, for a total transaction of $927,660.00. Following the completion of the sale, the chief financial officer now directly owns 40,070 shares in the company, valued at $12,390,445.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Ellyn Shook sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $329.82, for a total value of $1,649,100.00. Following the completion of the transaction, the insider now owns 8,989 shares of the company’s stock, valued at approximately $2,964,751.98. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Kathleen R. Mcclure sold 3,000 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $309.22, for a total value of $927,660.00. Following the sale, the chief financial officer now directly owns 40,070 shares in the company, valued at approximately $12,390,445.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,421 shares of company stock worth $6,912,635. Corporate insiders own 0.07% of the company’s stock.

Accenture Trading Down 0.3 %

Shares of NYSE ACN opened at $339.84 on Friday. The firm has a market cap of $212.98 billion, a P/E ratio of 31.12, a price-to-earnings-growth ratio of 3.81 and a beta of 1.24. The business’s 50 day moving average is $323.63 and its 200-day moving average is $324.30. Accenture plc has a 1-year low of $278.69 and a 1-year high of $387.51.

Accenture (NYSE:ACN) last posted its quarterly earnings data 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). The firm 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 quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.19 EPS. Analysts forecast that Accenture plc will post 11.95 EPS for the current year.

Accenture Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 11th were given a $1.29 dividend. This represents a $5.16 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Thursday, July 11th. Accenture’s payout ratio is presently 47.25%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. BMO Capital Markets lowered their price objective on shares of Accenture from $375.00 to $350.00 and set a “market perform” rating on the stock in a report on Friday, June 21st. Morgan Stanley cut shares of Accenture from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $382.00 to $300.00 in a research report on Wednesday, June 26th. TD Cowen reduced their price objective on shares of Accenture from $294.00 to $293.00 and set a “hold” rating for the company in a research note on Friday, June 21st. JPMorgan Chase & Co. lifted their target price on Accenture from $330.00 to $376.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Bank of America reduced their price target on Accenture from $419.00 to $365.00 and set a “buy” rating for the company in a research report on Wednesday, June 5th. Eleven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $353.41.

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.