Accenture plc (NYSE:ACN) Shares Sold by Arvest Trust Co. N A

Arvest Trust Co. N A cut its stake in shares of Accenture plc (NYSE:ACN) by 4.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 52,361 shares of the information technology services provider’s stock after selling 2,407 shares during the period. Arvest Trust Co. N A’s holdings in Accenture were worth $15,887,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Unique Wealth Strategies LLC acquired a new stake in shares of Accenture in the second quarter worth $26,000. Annapolis Financial Services LLC boosted its holdings in Accenture by 507.7% in the first quarter. Annapolis Financial Services LLC now owns 79 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 66 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in Accenture during the 2nd quarter valued at approximately $28,000. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Accenture in the 4th quarter valued at approximately $29,000. Finally, Atwood & Palmer Inc. grew its position in shares of Accenture by 214.8% during the first quarter. Atwood & Palmer Inc. now owns 85 shares of the information technology services provider’s stock worth $29,000 after buying an additional 58 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Accenture news, CFO Kathleen R. Mcclure sold 3,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 40,070 shares in the company, valued at approximately $12,390,445.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CFO Kathleen R. Mcclure sold 3,000 shares of Accenture stock in a transaction dated 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 approximately $12,390,445.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Julie Spellman Sweet sold 3,776 shares of Accenture stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $309.05, for a total transaction of $1,166,972.80. Following the completion of the sale, the chief executive officer now owns 11,819 shares of the company’s stock, valued at $3,652,661.95. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,421 shares of company stock worth $6,912,635. 0.07% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ACN. Jefferies Financial Group cut their target price on shares of Accenture from $340.00 to $275.00 and set a “hold” rating on the stock in a research note on Wednesday, June 5th. UBS Group raised shares of Accenture from a “neutral” rating to a “buy” rating and set a $400.00 target price on the stock in a report on Friday, July 19th. Guggenheim reaffirmed a “buy” rating and set a $395.00 price objective on shares of Accenture in a research report on Friday, May 24th. Bank of America cut their target price on shares of Accenture from $419.00 to $365.00 and set a “buy” rating on the stock in a report on Wednesday, June 5th. Finally, BMO Capital Markets dropped their price target on Accenture from $375.00 to $350.00 and set a “market perform” rating on the stock in a research report on Friday, June 21st. Eleven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $354.68.

Accenture Stock Performance

Shares of ACN stock opened at $354.12 on Tuesday. The stock has a market cap of $221.92 billion, a PE ratio of 32.43, a price-to-earnings-growth ratio of 3.82 and a beta of 1.24. The business’s fifty day moving average is $329.17 and its 200-day moving average is $322.90. Accenture plc has a 1 year low of $278.69 and a 1 year 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). Accenture had a net margin of 10.79% and a return on equity of 27.48%. The business had revenue of $16.47 billion for the quarter, compared to analyst estimates of $16.55 billion. During the same period in the prior year, the company earned $3.19 earnings per share. The firm’s revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts predict that Accenture plc will post 11.95 earnings per share for the current year.

Accenture Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 11th were issued a $1.29 dividend. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.46%. Accenture’s dividend payout ratio is 47.25%.

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.