Perkins Coie Trust Co Buys 769 Shares of Accenture plc (NYSE:ACN)

Perkins Coie Trust Co grew its holdings in shares of Accenture plc (NYSE:ACN) by 5.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,042 shares of the information technology services provider’s stock after purchasing an additional 769 shares during the quarter. Accenture comprises approximately 1.3% of Perkins Coie Trust Co’s portfolio, making the stock its 20th biggest holding. Perkins Coie Trust Co’s holdings in Accenture were worth $5,560,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Chilton Capital Management LLC lifted its holdings in shares of Accenture by 180.0% in the fourth quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock worth $25,000 after buying an additional 45 shares in the last quarter. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Accenture in the fourth quarter worth about $27,000. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Accenture in the fourth quarter worth about $29,000. Atwood & Palmer Inc. lifted its holdings in shares of Accenture by 214.8% in the first quarter. Atwood & Palmer Inc. now owns 85 shares of the information technology services provider’s stock worth $29,000 after buying an additional 58 shares in the last quarter. Finally, Halpern Financial Inc. purchased a new stake in shares of Accenture in the fourth quarter worth about $31,000. Institutional investors own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ACN. Morgan Stanley reaffirmed an “overweight” rating and issued a $400.00 target price on shares of Accenture in a research note on Friday. Redburn Atlantic raised their target price on shares of Accenture from $410.00 to $445.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Robert W. Baird decreased their price target on shares of Accenture from $372.00 to $345.00 and set a “neutral” rating on the stock in a research note on Thursday, May 16th. Barclays decreased their price target on shares of Accenture from $390.00 to $350.00 and set an “overweight” rating on the stock in a research note on Monday, June 17th. Finally, Jefferies Financial Group decreased their price target on shares of Accenture from $340.00 to $275.00 and set a “hold” rating on the stock in a research note on Wednesday, June 5th. Eleven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $357.09.

Insider Activity at Accenture

In related news, CEO Jean-Marc Ollagnier sold 6,250 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $315.91, for a total transaction of $1,974,437.50. Following the completion of the transaction, the chief executive officer now directly owns 161,581 shares in the company, valued at approximately $51,045,053.71. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Accenture news, CFO Kathleen R. Mcclure sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $316.00, for a total value of $1,422,000.00. Following the completion of the transaction, the chief financial officer now directly owns 42,781 shares in the company, valued at approximately $13,518,796. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jean-Marc Ollagnier sold 6,250 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $315.91, for a total value of $1,974,437.50. Following the completion of the transaction, the chief executive officer now owns 161,581 shares of the company’s stock, valued at $51,045,053.71. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,083 shares of company stock worth $6,302,285. 0.07% of the stock is owned by company insiders.

Accenture Stock Down 0.6 %

Shares of Accenture stock traded down $1.77 during trading hours on Monday, reaching $307.21. 4,362,532 shares of the stock traded hands, compared to its average volume of 2,801,698. The company has a 50 day moving average price of $301.03 and a 200 day moving average price of $337.09. The firm has a market capitalization of $206.06 billion, a price-to-earnings ratio of 28.13, a P/E/G ratio of 3.35 and a beta of 1.21. Accenture plc has a one year low of $278.69 and a one year high of $387.51.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, June 20th. The information technology services provider reported $3.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). The firm had revenue of $16.47 billion for the quarter, compared to the consensus estimate of $16.55 billion. Accenture had a net margin of 10.79% and a return on equity of 27.48%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.19 earnings per share. Sell-side analysts anticipate that Accenture plc will post 12 earnings per share for the current year.

Accenture Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 11th will be paid a dividend of $1.29 per share. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.68%. Accenture’s dividend payout ratio (DPR) is presently 47.25%.

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.