Clear Rock Advisors LLC Buys 168 Shares of Accenture plc (NYSE:ACN)

Clear Rock Advisors LLC grew its stake in shares of Accenture plc (NYSE:ACN) by 2.6% during the first quarter, HoldingsChannel reports. The firm owned 6,588 shares of the information technology services provider’s stock after purchasing an additional 168 shares during the quarter. Clear Rock Advisors LLC’s holdings in Accenture were worth $2,283,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ACN. DiNuzzo Private Wealth Inc. bought a new stake in Accenture during the fourth quarter worth about $27,000. Annapolis Financial Services LLC increased its position in Accenture by 507.7% during the 1st quarter. Annapolis Financial Services LLC now owns 79 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 66 shares in the last quarter. Ables Iannone Moore & Associates Inc. purchased a new position in Accenture during the fourth quarter valued at $29,000. Atwood & Palmer Inc. grew its stake 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 acquiring an additional 58 shares during the last quarter. Finally, Grayhawk Investment Strategies Inc. bought a new position in shares of Accenture during the fourth quarter valued at $35,000. 75.14% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Ellyn Shook sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $329.82, for a total value of $1,649,100.00. Following the sale, the insider now directly owns 8,989 shares in the company, valued at $2,964,751.98. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $329.82, for a total transaction of $1,649,100.00. Following the completion of the sale, the insider now owns 8,989 shares of the company’s stock, valued at $2,964,751.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Joel Unruch sold 8,145 shares of the stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $331.05, for a total value of $2,696,402.25. Following the completion of the transaction, the general counsel now directly owns 22,849 shares in the company, valued at approximately $7,564,161.45. The disclosure for this sale can be found here. Insiders sold a total of 21,421 shares of company stock worth $6,912,635 over the last three months. 0.07% of the stock is owned by insiders.

Analyst Ratings Changes

ACN has been the subject of a number of analyst reports. TD Cowen reduced their price objective on shares of Accenture from $294.00 to $293.00 and set a “hold” rating for the company in a research note on Friday, June 21st. Stifel Nicolaus lowered their price objective on Accenture from $395.00 to $340.00 and set a “buy” rating on the stock in a research report on Wednesday, June 12th. Guggenheim reissued a “buy” rating and issued a $395.00 target price on shares of Accenture in a report on Friday, May 24th. Wedbush dropped their price objective on Accenture from $400.00 to $350.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 12th. Finally, StockNews.com cut shares of Accenture from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Eleven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $351.82.

Accenture Stock Down 1.5 %

NYSE:ACN traded down $4.93 on Friday, reaching $323.15. 2,682,736 shares of the company’s stock traded hands, compared to its average volume of 3,095,611. The firm has a market cap of $202.51 billion, a PE ratio of 29.59, a P/E/G ratio of 3.66 and a beta of 1.23. The stock has a 50-day simple moving average of $305.37 and a 200-day simple moving average of $331.07. Accenture plc has a 12 month low of $278.69 and a 12 month high of $387.51.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, June 20th. The information technology services provider reported $3.13 earnings per share 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 company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.19 earnings per share. On average, equities analysts anticipate that Accenture plc will post 11.95 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. Shareholders of record on Thursday, July 11th will be given 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 yield of 1.60%. Accenture’s dividend payout ratio (DPR) is presently 47.25%.

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.