Dakota Wealth Management Sells 342 Shares of Accenture PLC $ACN

Dakota Wealth Management cut its holdings in Accenture PLC (NYSE:ACN) by 0.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,866 shares of the information technology services provider’s stock after selling 342 shares during the period. Dakota Wealth Management’s holdings in Accenture were worth $11,019,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Redwood Investments LLC lifted its stake in Accenture by 6.2% in the first quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider’s stock valued at $6,892,000 after purchasing an additional 1,287 shares during the last quarter. Lipe & Dalton lifted its stake in Accenture by 2,087.4% in the first quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider’s stock valued at $1,570,000 after purchasing an additional 4,801 shares during the last quarter. Intech Investment Management LLC lifted its holdings in Accenture by 40.5% during the first quarter. Intech Investment Management LLC now owns 98,633 shares of the information technology services provider’s stock valued at $30,777,000 after purchasing an additional 28,446 shares during the last quarter. Park National Corp OH boosted its position in Accenture by 4.3% during the second quarter. Park National Corp OH now owns 129,667 shares of the information technology services provider’s stock worth $38,756,000 after purchasing an additional 5,388 shares during the period. Finally, Mn Services Vermogensbeheer B.V. raised its position in shares of Accenture by 1.5% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 234,066 shares of the information technology services provider’s stock valued at $69,960,000 after purchasing an additional 3,500 shares during the period. 75.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Mauro Macchi sold 500 shares of the company’s stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.34, for a total transaction of $141,170.00. Following the completion of the sale, the chief executive officer directly owned 2,283 shares in the company, valued at $644,582.22. This represents a 17.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Julie Spellman Sweet sold 2,251 shares of the company’s stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.45, for a total transaction of $635,794.95. Following the sale, 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 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 three months. 0.02% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ACN has been the subject of a number of recent research reports. Benchmark reiterated a “mixed” rating on shares of Accenture in a research note on Friday, June 20th. Wolfe Research lowered their price target on Accenture from $290.00 to $285.00 and set an “outperform” rating on the stock in a report on Tuesday. BMO Capital Markets lowered their price target on Accenture from $355.00 to $325.00 and set a “market perform” rating on the stock in a report on Monday, June 23rd. Morgan Stanley lowered their price target on Accenture from $325.00 to $271.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 9th. Finally, Evercore ISI decreased their price target on shares of Accenture from $330.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Accenture presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.83.

Accenture Trading Up 1.6%

Shares of ACN opened at $239.29 on Thursday. The firm has a market cap of $149.87 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 2.03 and a beta of 1.29. The firm has a 50 day moving average price of $255.29 and a 200-day moving average price of $287.60. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46. Accenture PLC has a fifty-two week low of $234.10 and a fifty-two week high of $398.35.

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.