Buckley Wealth Management LLC Sells 84 Shares of Accenture plc (NYSE:ACN)

Buckley Wealth Management LLC decreased its position in Accenture plc (NYSE:ACN) by 2.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,999 shares of the information technology services provider’s stock after selling 84 shares during the quarter. Buckley Wealth Management LLC’s holdings in Accenture were worth $1,039,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Pin Oak Investment Advisors Inc. grew its holdings in Accenture by 8.2% during the 4th quarter. Pin Oak Investment Advisors Inc. now owns 357 shares of the information technology services provider’s stock worth $125,000 after acquiring an additional 27 shares during the last quarter. Brave Asset Management Inc. grew its holdings in Accenture by 2.8% during the 4th quarter. Brave Asset Management Inc. now owns 1,028 shares of the information technology services provider’s stock worth $361,000 after acquiring an additional 28 shares during the last quarter. Addison Advisors LLC grew its holdings in Accenture by 0.9% during the 4th quarter. Addison Advisors LLC now owns 3,181 shares of the information technology services provider’s stock worth $1,116,000 after acquiring an additional 28 shares during the last quarter. Searle & CO. grew its holdings in Accenture by 3.6% during the 4th quarter. Searle & CO. now owns 803 shares of the information technology services provider’s stock worth $282,000 after acquiring an additional 28 shares during the last quarter. Finally, Sound View Wealth Advisors Group LLC grew its holdings in Accenture by 2.1% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 1,363 shares of the information technology services provider’s stock worth $478,000 after acquiring an additional 28 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Accenture Stock Performance

ACN traded down $0.28 during trading on Friday, reaching $302.91. 1,361,835 shares of the stock were exchanged, compared to its average volume of 2,809,585. The stock has a market cap of $203.17 billion, a P/E ratio of 27.76, a price-to-earnings-growth ratio of 3.40 and a beta of 1.21. Accenture plc has a twelve month low of $278.69 and a twelve month high of $387.51. The stock’s 50 day moving average price is $300.69 and its two-hundred day moving average price is $336.65.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, June 20th. The information technology services provider reported $3.13 earnings per share 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 analyst estimates of $16.55 billion. Accenture had a return on equity of 27.48% and a net margin of 10.79%. Accenture’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.19 earnings per share. Equities research analysts predict that Accenture plc will post 11.95 earnings per share for the current fiscal year.

Accenture Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 11th will be issued a $1.29 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $5.16 annualized dividend and a dividend yield of 1.70%. Accenture’s dividend payout ratio is currently 47.25%.

Insider Buying and Selling at Accenture

In other Accenture news, insider Ellyn Shook sold 5,000 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $307.22, for a total value of $1,536,100.00. Following the transaction, the insider now directly owns 13,699 shares in the company, valued at $4,208,606.78. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Accenture news, insider Ellyn Shook sold 5,000 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $307.22, for a total value of $1,536,100.00. Following the transaction, the insider now directly owns 13,699 shares in the company, valued at $4,208,606.78. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kathleen R. Mcclure sold 4,500 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $316.00, for a total transaction of $1,422,000.00. Following the completion of the transaction, the chief financial officer now owns 42,781 shares in the company, valued at $13,518,796. The disclosure for this sale can be found here. Insiders have sold a total of 20,083 shares of company stock worth $6,302,285 over the last ninety days. Insiders own 0.07% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Mizuho lowered their price target on shares of Accenture from $398.00 to $350.00 and set a “buy” rating for the company in a research report on Tuesday, June 18th. Guggenheim reiterated a “buy” rating and set a $395.00 price target on shares of Accenture in a research report on Friday, May 24th. TD Cowen lowered their price target on shares of Accenture from $294.00 to $293.00 and set a “hold” rating for the company in a research report on Friday, June 21st. Citigroup reduced their price objective on shares of Accenture from $430.00 to $400.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Finally, Piper Sandler reduced their price objective on shares of Accenture from $379.00 to $320.00 and set a “neutral” rating on the stock in a research note on Monday, June 17th. Twelve equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $352.74.

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.