Claro Advisors LLC Sells 92 Shares of Accenture plc (NYSE:ACN)

Claro Advisors LLC decreased its stake in Accenture plc (NYSE:ACN) by 0.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,776 shares of the information technology services provider’s stock after selling 92 shares during the period. Claro Advisors LLC’s holdings in Accenture were worth $3,735,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Accenture by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 58,434,025 shares of the information technology services provider’s stock worth $17,945,673,000 after buying an additional 184,541 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Accenture by 7.0% in the 3rd quarter. Wellington Management Group LLP now owns 11,034,666 shares of the information technology services provider’s stock valued at $3,388,856,000 after purchasing an additional 720,647 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Accenture by 1.9% in the 4th quarter. Capital Research Global Investors now owns 8,479,430 shares of the information technology services provider’s stock valued at $2,975,517,000 after purchasing an additional 159,696 shares in the last quarter. Norges Bank purchased a new stake in shares of Accenture in the 4th quarter valued at $2,061,490,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Accenture by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,466,684 shares of the information technology services provider’s stock valued at $1,556,676,000 after purchasing an additional 68,635 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Guggenheim reaffirmed a “buy” rating and issued a $395.00 price objective on shares of Accenture in a research note on Friday, May 24th. Stifel Nicolaus cut their price objective on shares of Accenture from $395.00 to $340.00 and set a “buy” rating for the company in a research note on Wednesday, June 12th. Mizuho dropped 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. Citigroup dropped their price target on shares of Accenture from $430.00 to $400.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Finally, StockNews.com cut shares of Accenture from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Twelve equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $352.74.

Accenture Trading Down 0.3 %

NYSE ACN traded down $0.86 during trading on Monday, hitting $302.55. The company had a trading volume of 2,327,193 shares, compared to its average volume of 2,914,076. The company’s fifty day moving average is $300.17 and its 200-day moving average is $336.05. The company has a market cap of $189.61 billion, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 3.38 and a beta of 1.23. Accenture plc has a one year low of $278.69 and a one year high of $387.51.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, June 20th. The information technology services provider reported $3.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.15 by ($0.02). The business had revenue of $16.47 billion during the quarter, compared to the consensus estimate of $16.55 billion. Accenture had a return on equity of 27.48% and a net margin of 10.79%. The firm’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.19 earnings per share. As a group, equities analysts anticipate that Accenture plc will post 11.95 EPS for the current year.

Accenture Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 11th will be paid 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 1.71%. Accenture’s payout ratio is 47.25%.

Insider Buying and Selling

In related news, CEO Jean-Marc Ollagnier sold 6,250 shares of the stock in a transaction dated Friday, April 12th. The shares were 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 directly owns 161,581 shares in the company, valued at approximately $51,045,053.71. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Accenture news, CEO Jean-Marc Ollagnier sold 6,250 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $315.91, for a total transaction of $1,974,437.50. Following the completion of the sale, the chief executive officer now directly owns 161,581 shares in the company, valued at approximately $51,045,053.71. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ellyn Shook sold 5,000 shares of the firm’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the sale, the insider now owns 13,699 shares of the company’s stock, valued at $4,208,606.78. The disclosure for this sale can be found here. Insiders sold a total of 20,083 shares of company stock worth $6,302,285 in the last three months. 0.07% of the stock is owned by corporate insiders.

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.