XML Financial LLC Has $1.04 Million Stake in Accenture PLC (NYSE:ACN)

XML Financial LLC cut its stake in shares of Accenture PLC (NYSE:ACN) by 2.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,343 shares of the information technology services provider’s stock after selling 79 shares during the period. XML Financial LLC’s holdings in Accenture were worth $1,043,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of ACN. Brown Lisle Cummings Inc. grew its holdings in shares of Accenture by 4.8% in the 1st quarter. Brown Lisle Cummings Inc. now owns 24,116 shares of the information technology services provider’s stock valued at $7,525,000 after buying an additional 1,106 shares during the period. Palumbo Wealth Management LLC grew its holdings in shares of Accenture by 29.4% during the first quarter. Palumbo Wealth Management LLC now owns 10,449 shares of the information technology services provider’s stock worth $3,260,000 after buying an additional 2,374 shares in the last quarter. Moser Wealth Advisors LLC raised its holdings in shares of Accenture by 32.8% in the first quarter. Moser Wealth Advisors LLC now owns 709 shares of the information technology services provider’s stock valued at $221,000 after purchasing an additional 175 shares during the last quarter. Flagship Harbor Advisors LLC increased its stake in Accenture by 24.8% in the 1st quarter. Flagship Harbor Advisors LLC now owns 5,124 shares of the information technology services provider’s stock valued at $1,599,000 after buying an additional 1,017 shares during the last quarter. Finally, Crumly & Associates Inc. bought a new stake in Accenture during the first quarter worth about $241,000. 75.14% of the stock is owned by institutional investors.

Accenture Trading Up 3.4%

NYSE ACN opened at $295.03 on Tuesday. The business’s 50-day moving average price is $307.08 and its two-hundred day moving average price is $333.04. The company has a current ratio of 1.46, a quick ratio of 1.48 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $184.79 billion, a PE ratio of 23.49, a price-to-earnings-growth ratio of 2.85 and a beta of 1.33. Accenture PLC has a 12 month low of $273.19 and a 12 month high of $398.35.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Friday, June 20th. The information technology services provider reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.32 by $0.17. The firm had revenue of $17.73 billion during the quarter, compared to the consensus estimate of $17.26 billion. Accenture had a return on equity of 26.55% and a net margin of 11.61%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $3.13 EPS. On average, analysts expect that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 10th will be paid a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 2.01%. The ex-dividend date is Thursday, July 10th. Accenture’s dividend payout ratio (DPR) is currently 47.13%.

Insider Activity at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 2,284 shares of the business’s stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $281.63, for a total transaction of $643,242.92. Following the completion of the sale, the chief executive officer now directly owns 9,965 shares of the company’s stock, valued at approximately $2,806,442.95. The trade was a 18.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO John F. Walsh sold 2,500 shares of the firm’s stock in a transaction on 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 owns 15,882 shares in the company, valued at approximately $5,161,650. This trade represents a 13.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,516 shares of company stock valued at $2,507,366 in the last three months. Corporate insiders own 0.02% of the company’s stock.

Analyst Ratings Changes

ACN has been the topic of several analyst reports. Royal Bank Of Canada dropped their price target on shares of Accenture from $399.00 to $392.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. Morgan Stanley dropped their price target on Accenture from $372.00 to $340.00 and set an “equal weight” rating for the company in a report on Thursday, June 12th. BMO Capital Markets cut their price objective on shares of Accenture from $355.00 to $325.00 and set a “market perform” rating for the company in a report on Monday. Mizuho cut their target price on Accenture from $428.00 to $398.00 and set an “outperform” rating for the company in a research report on Wednesday, March 19th. Finally, UBS Group reaffirmed a “buy” rating and issued a $395.00 target price (up previously from $390.00) on shares of Accenture in a report on Thursday, May 22nd. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $374.00.

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.