9258 Wealth Management LLC Sells 468 Shares of Accenture plc (NYSE:ACN)

9258 Wealth Management LLC decreased its position in shares of Accenture plc (NYSE:ACN) by 35.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 837 shares of the information technology services provider’s stock after selling 468 shares during the period. 9258 Wealth Management LLC’s holdings in Accenture were worth $254,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Unique Wealth Strategies LLC bought a new position in Accenture during the second quarter valued at $26,000. Annapolis Financial Services LLC lifted its stake in shares of Accenture by 507.7% in the 1st quarter. Annapolis Financial Services LLC now owns 79 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 66 shares during the last quarter. Ables Iannone Moore & Associates Inc. bought a new stake in Accenture in the fourth quarter worth $29,000. Atwood & Palmer Inc. boosted its stake in shares of Accenture by 214.8% during the 1st quarter. Atwood & Palmer Inc. now owns 85 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 58 shares during the period. Finally, Grayhawk Investment Strategies Inc. purchased a new position in shares of Accenture during the fourth quarter valued at approximately $35,000. Institutional investors own 75.14% of the company’s stock.

Insider Activity at Accenture

In other Accenture news, CFO Kathleen R. Mcclure sold 3,000 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $309.22, for a total value of $927,660.00. Following the completion of the transaction, the chief financial officer now owns 40,070 shares in the company, valued at $12,390,445.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Julie Spellman Sweet sold 3,776 shares of Accenture stock in a transaction on Friday, July 12th. The shares were sold at an average price of $309.05, for a total value of $1,166,972.80. Following the sale, the chief executive officer now owns 11,819 shares of the company’s stock, valued at approximately $3,652,661.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kathleen R. Mcclure sold 3,000 shares of the company’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $309.22, for a total transaction of $927,660.00. Following the transaction, the chief financial officer now owns 40,070 shares of the company’s stock, valued at $12,390,445.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,421 shares of company stock worth $6,912,635. 0.07% of the stock is owned by company insiders.

Accenture Stock Performance

Accenture stock opened at $340.99 on Friday. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week high of $387.51. The business’s 50-day simple moving average is $322.91 and its two-hundred day simple moving average is $324.78. The company has a market cap of $213.70 billion, a PE ratio of 31.23, a PEG ratio of 3.81 and a beta of 1.24.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, June 20th. The information technology services provider reported $3.13 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 analysts’ expectations of $16.55 billion. Accenture had a net margin of 10.79% and a return on equity of 27.48%. Accenture’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the company posted $3.19 earnings per share. As a group, analysts predict that Accenture plc will post 11.95 EPS for the current fiscal year.

Accenture Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, July 11th were paid a $1.29 dividend. This represents a $5.16 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Thursday, July 11th. Accenture’s dividend payout ratio is currently 47.25%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ACN shares. Barclays decreased their target price on Accenture from $390.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, June 17th. Stifel Nicolaus lowered their target price on Accenture from $395.00 to $340.00 and set a “buy” rating for the company in a report on Wednesday, June 12th. The Goldman Sachs Group assumed coverage on shares of Accenture in a report on Monday, June 24th. They set a “neutral” rating and a $335.00 target price on the stock. TD Cowen lowered their target price on Accenture from $294.00 to $293.00 and set a “hold” rating for the company in a report on Friday, June 21st. Finally, Piper Sandler cut their target price on Accenture from $379.00 to $320.00 and set a “neutral” rating on the stock in a research note on Monday, June 17th. Eleven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Accenture has a consensus rating of “Moderate Buy” and a consensus target price of $352.33.

About Accenture

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.