Wormser Freres Gestion reduced its stake in Accenture PLC (NYSE:ACN – Free Report) by 0.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,321 shares of the information technology services provider’s stock after selling 163 shares during the period. Accenture makes up 5.2% of Wormser Freres Gestion’s portfolio, making the stock its 8th largest holding. Wormser Freres Gestion’s holdings in Accenture were worth $8,761,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Viawealth LLC raised its holdings in shares of Accenture by 2.6% during the 1st quarter. Viawealth LLC now owns 1,307 shares of the information technology services provider’s stock worth $408,000 after acquiring an additional 33 shares in the last quarter. Aprio Wealth Management LLC increased its position in Accenture by 2.1% in the first quarter. Aprio Wealth Management LLC now owns 1,640 shares of the information technology services provider’s stock worth $512,000 after purchasing an additional 33 shares during the last quarter. First National Advisers LLC raised its stake in Accenture by 0.4% during the first quarter. First National Advisers LLC now owns 9,420 shares of the information technology services provider’s stock valued at $2,939,000 after purchasing an additional 34 shares in the last quarter. TCTC Holdings LLC lifted its position in Accenture by 14.5% during the first quarter. TCTC Holdings LLC now owns 269 shares of the information technology services provider’s stock valued at $84,000 after purchasing an additional 34 shares during the last quarter. Finally, Spectrum Asset Management Inc. NB CA increased its holdings in shares of Accenture by 0.3% in the 1st quarter. Spectrum Asset Management Inc. NB CA now owns 11,777 shares of the information technology services provider’s stock worth $3,675,000 after buying an additional 35 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.
Accenture Price Performance
Accenture stock opened at $245.39 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.46. The stock has a market cap of $153.69 billion, a price-to-earnings ratio of 20.20, a price-to-earnings-growth ratio of 2.14 and a beta of 1.28. The firm has a 50-day moving average of $249.57 and a two-hundred day moving average of $283.24. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35.
Accenture Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be issued a $1.63 dividend. The ex-dividend date is Friday, October 10th. This represents a $6.52 annualized dividend and a dividend yield of 2.7%. This is an increase from Accenture’s previous quarterly dividend of $1.48. Accenture’s dividend payout ratio (DPR) is presently 48.72%.
Insider Transactions at Accenture
In other Accenture news, insider Angela Beatty sold 203 shares of Accenture stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $57,315.02. Following the transaction, the insider directly owned 5,249 shares of the company’s stock, valued at approximately $1,482,002.66. The trade was a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mauro Macchi sold 500 shares of the firm’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $141,170.00. Following the completion of the sale, the chief executive officer directly owned 2,283 shares of the company’s stock, valued at approximately $644,582.22. This represents a 17.97% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,954 shares of company stock valued at $834,280. Company insiders own 0.02% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on ACN. UBS Group lowered their price target on shares of Accenture from $363.00 to $315.00 and set a “buy” rating for the company in a report on Wednesday, September 24th. Wall Street Zen raised Accenture from a “hold” rating to a “buy” rating in a research note on Friday. Hsbc Global Res raised Accenture to a “moderate sell” rating in a research report on Monday, July 28th. BNP Paribas Exane lowered their price target on Accenture from $300.00 to $255.00 and set a “neutral” rating for the company in a research report on Wednesday, September 24th. Finally, Susquehanna dropped their price objective on shares of Accenture from $330.00 to $270.00 and set a “neutral” rating for the company in a research note on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $300.22.
View Our Latest Report on Accenture
Accenture 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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