Beaumont Financial Advisors LLC raised its holdings in shares of Accenture PLC (NYSE:ACN – Free Report) by 2.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,268 shares of the information technology services provider’s stock after acquiring an additional 57 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in Accenture were worth $678,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of ACN. Vanguard Group Inc. raised its position in shares of Accenture by 5.7% during the first quarter. Vanguard Group Inc. now owns 63,814,234 shares of the information technology services provider’s stock valued at $19,912,594,000 after buying an additional 3,419,577 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Accenture by 63.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider’s stock valued at $2,793,889,000 after buying an additional 3,490,569 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Accenture by 3.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,766,369 shares of the information technology services provider’s stock valued at $2,111,378,000 after acquiring an additional 228,939 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Accenture by 2.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,163,393 shares of the information technology services provider’s stock valued at $1,923,225,000 after acquiring an additional 126,548 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Accenture by 3.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,129,053 shares of the information technology services provider’s stock valued at $1,600,470,000 after acquiring an additional 164,573 shares during the last quarter. 75.14% of the stock is owned by institutional investors.
Accenture Trading Up 3.0%
ACN opened at $239.43 on Friday. The stock’s 50 day moving average price is $253.43 and its 200-day moving average price is $286.28. The stock has a market cap of $149.96 billion, a price-to-earnings ratio of 19.71, a P/E/G ratio of 1.99 and a beta of 1.29. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.42. Accenture PLC has a one year low of $229.40 and a one year high of $398.35.
Accenture Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be paid a $1.63 dividend. The ex-dividend date is Friday, October 10th. This represents a $6.52 dividend on an annualized basis and a yield of 2.7%. This is an increase from Accenture’s previous quarterly dividend of $1.48. Accenture’s payout ratio is currently 47.13%.
Insider Buying and Selling
In related news, CEO Julie Spellman Sweet sold 2,251 shares of the stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $282.45, for a total value of $635,794.95. Following the transaction, the chief executive officer owned 8,109 shares of the company’s stock, valued at $2,290,387.05. This represents a 21.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Angela Beatty sold 203 shares of the stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $57,315.02. Following the completion of the transaction, the insider directly owned 5,249 shares in the company, valued at approximately $1,482,002.66. This trade represents a 3.72% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,954 shares of company stock valued at $834,280 over the last quarter. 0.02% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several brokerages have recently issued reports on ACN. UBS Group reduced their target price on Accenture from $363.00 to $315.00 and set a “buy” rating on the stock in a report on Wednesday. Hsbc Global Res raised Accenture to a “moderate sell” rating in a research note on Monday, July 28th. TD Cowen reduced their price target on shares of Accenture from $313.00 to $295.00 and set a “buy” rating on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Accenture from $260.00 to $235.00 and set a “hold” rating on the stock in a report on Friday. Finally, Morgan Stanley reduced their target price on shares of Accenture from $325.00 to $271.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Accenture presently has an average rating of “Moderate Buy” and a consensus target price of $301.91.
Get Our Latest Stock Analysis on ACN
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.
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