Accenture plc (NYSE:ACN) Stock Holdings Lifted by Tompkins Financial Corp

Tompkins Financial Corp lifted its holdings in shares of Accenture plc (NYSE:ACN) by 2.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,846 shares of the information technology services provider’s stock after buying an additional 368 shares during the period. Tompkins Financial Corp’s holdings in Accenture were worth $5,881,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Brighton Jones LLC grew its stake in Accenture by 36.2% during the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock worth $6,486,000 after buying an additional 4,905 shares during the last quarter. Exchange Traded Concepts LLC grew its position in shares of Accenture by 10.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 558 shares of the information technology services provider’s stock worth $196,000 after acquiring an additional 54 shares during the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Accenture in the 4th quarter worth about $340,000. SteelPeak Wealth LLC lifted its position in Accenture by 127.1% in the 4th quarter. SteelPeak Wealth LLC now owns 2,323 shares of the information technology services provider’s stock valued at $817,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Foster & Motley Inc. grew its position in Accenture by 1.5% in the 4th quarter. Foster & Motley Inc. now owns 17,613 shares of the information technology services provider’s stock worth $6,196,000 after purchasing an additional 265 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 2,284 shares of the business’s stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $281.63, for a total value of $643,242.92. Following the completion of the sale, the chief executive officer now owns 9,965 shares of the company’s stock, valued at $2,806,442.95. The trade was a 18.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO John F. Walsh sold 2,500 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $325.00, for a total value of $812,500.00. Following the transaction, the chief operating officer now directly owns 15,882 shares in the company, valued at approximately $5,161,650. This represents a 13.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,516 shares of company stock worth $2,507,366 over the last 90 days. 0.02% of the stock is currently owned by corporate insiders.

Accenture Price Performance

Shares of NYSE:ACN opened at $317.81 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market capitalization of $199.05 billion, a PE ratio of 26.66, a price-to-earnings-growth ratio of 3.23 and a beta of 1.35. The stock has a fifty day moving average of $302.48 and a 200-day moving average of $339.04. Accenture plc has a one year low of $275.01 and a one year high of $398.35.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.01. The business had revenue of $16.70 billion during the quarter, compared to analyst estimates of $16.64 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. Accenture’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the company posted $2.77 EPS. As a group, equities analysts anticipate that Accenture plc will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th were paid a $1.48 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $5.92 annualized dividend and a yield of 1.86%. Accenture’s dividend payout ratio is presently 48.89%.

Analyst Ratings Changes

ACN has been the topic of a number of recent analyst reports. Guggenheim cut their price target on Accenture from $400.00 to $395.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Piper Sandler reduced their price target on Accenture from $364.00 to $355.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Royal Bank of Canada lowered their price target on Accenture from $399.00 to $392.00 and set an “outperform” rating on the stock in a report on Friday, March 21st. Stifel Nicolaus reduced their price objective on shares of Accenture from $390.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Finally, Robert W. Baird raised shares of Accenture from a “neutral” rating to an “outperform” rating and set a $390.00 target price on the stock in a research note on Monday, March 17th. Seven investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Accenture currently has a consensus rating of “Moderate Buy” and an average target price of $382.14.

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.