Accenture plc (NYSE:ACN) Shares Sold by Wesbanco Bank Inc.

Wesbanco Bank Inc. decreased its position in Accenture plc (NYSE:ACN) by 51.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,059 shares of the information technology services provider’s stock after selling 9,500 shares during the period. Wesbanco Bank Inc.’s holdings in Accenture were worth $2,749,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. McKinley Carter Wealth Services Inc. raised its stake in shares of Accenture by 7.4% during the 4th quarter. McKinley Carter Wealth Services Inc. now owns 29,204 shares of the information technology services provider’s stock worth $10,248,000 after buying an additional 2,008 shares during the period. TrinityPoint Wealth LLC lifted its holdings in Accenture by 3.6% during the fourth quarter. TrinityPoint Wealth LLC now owns 3,646 shares of the information technology services provider’s stock valued at $1,279,000 after purchasing an additional 125 shares in the last quarter. Buckingham Capital Management Inc. grew its position in shares of Accenture by 3.4% in the fourth quarter. Buckingham Capital Management Inc. now owns 27,559 shares of the information technology services provider’s stock valued at $9,671,000 after purchasing an additional 900 shares during the period. Focus Financial Network Inc. ADV purchased a new stake in shares of Accenture during the fourth quarter worth about $4,594,000. Finally, New Mexico Educational Retirement Board lifted its stake in Accenture by 11.9% in the 1st quarter. New Mexico Educational Retirement Board now owns 36,750 shares of the information technology services provider’s stock valued at $12,393,000 after buying an additional 3,900 shares in the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ACN has been the subject of a number of research analyst reports. StockNews.com cut Accenture from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. Guggenheim restated a “buy” rating and issued a $395.00 price objective on shares of Accenture in a report on Friday, May 24th. TD Cowen dropped their target price on shares of Accenture from $294.00 to $293.00 and set a “hold” rating for the company in a report on Friday, June 21st. Robert W. Baird lowered their price target on shares of Accenture from $372.00 to $345.00 and set a “neutral” rating on the stock in a research report on Thursday, May 16th. Finally, Barclays decreased their target price 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. Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $351.82.

Accenture Stock Up 0.0 %

NYSE:ACN opened at $315.91 on Friday. Accenture plc has a 52 week low of $278.69 and a 52 week high of $387.51. The stock’s fifty day moving average is $307.17 and its two-hundred day moving average is $329.93. The stock has a market capitalization of $197.98 billion, a price-to-earnings ratio of 28.93, a price-to-earnings-growth ratio of 3.66 and a beta of 1.23.

Accenture (NYSE:ACN) last released its 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 firm had revenue of $16.47 billion during the quarter, compared to analyst estimates of $16.55 billion. Accenture had a net margin of 10.79% and a return on equity of 27.48%. The business’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.19 earnings per share. On average, sell-side analysts expect that Accenture plc will post 11.95 EPS for the current fiscal year.

Accenture Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 11th will be paid a $1.29 dividend. The ex-dividend date is Thursday, July 11th. This represents a $5.16 annualized dividend and a dividend yield of 1.63%. Accenture’s dividend payout ratio (DPR) is 47.25%.

Insider Transactions at Accenture

In related news, General Counsel Joel Unruch sold 8,145 shares of the business’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $331.05, for a total transaction of $2,696,402.25. Following the completion of the transaction, the general counsel now directly owns 22,849 shares of the company’s stock, valued at approximately $7,564,161.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Accenture news, General Counsel Joel Unruch sold 8,145 shares of the stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $331.05, for a total value of $2,696,402.25. Following the sale, the general counsel now directly owns 22,849 shares of the company’s stock, valued at approximately $7,564,161.45. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $329.82, for a total transaction of $1,649,100.00. Following the sale, the insider now directly owns 8,989 shares of the company’s stock, valued at $2,964,751.98. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,421 shares of company stock valued at $6,912,635. 0.07% of the stock is currently owned by company insiders.

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.