Motiv8 Investments LLC Has $632,000 Stake in Accenture plc (NYSE:ACN)

Motiv8 Investments LLC grew its stake in Accenture plc (NYSE:ACN) by 24.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,084 shares of the information technology services provider’s stock after purchasing an additional 413 shares during the period. Motiv8 Investments LLC’s holdings in Accenture were worth $632,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. McKinley Carter Wealth Services Inc. lifted its holdings 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 acquiring an additional 2,008 shares during the period. TrinityPoint Wealth LLC lifted its holdings in shares of Accenture by 3.6% during the 4th quarter. TrinityPoint Wealth LLC now owns 3,646 shares of the information technology services provider’s stock worth $1,279,000 after acquiring an additional 125 shares during the period. Buckingham Capital Management Inc. lifted its holdings in shares of Accenture by 3.4% during the 4th quarter. Buckingham Capital Management Inc. now owns 27,559 shares of the information technology services provider’s stock worth $9,671,000 after acquiring an additional 900 shares during the period. Focus Financial Network Inc. ADV bought a new position in shares of Accenture during the 4th quarter worth about $4,594,000. Finally, New Mexico Educational Retirement Board lifted its holdings in shares of Accenture by 11.9% during the 1st quarter. New Mexico Educational Retirement Board now owns 36,750 shares of the information technology services provider’s stock worth $12,393,000 after acquiring an additional 3,900 shares during the period. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Stock Down 0.3 %

NYSE ACN traded down $1.09 during trading on Friday, reaching $339.84. 1,613,563 shares of the stock traded hands, compared to its average volume of 2,781,811. The firm has a market cap of $212.98 billion, a price-to-earnings ratio of 31.11, a price-to-earnings-growth ratio of 3.81 and a beta of 1.24. The stock’s 50-day moving average price is $323.63 and its 200 day moving average price is $324.57. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week high of $387.51.

Accenture (NYSE:ACN) last released 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 company 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 firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company earned $3.19 EPS. Analysts anticipate that Accenture plc will post 11.95 EPS for the current fiscal year.

Accenture Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 11th were given a $1.29 dividend. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date was Thursday, July 11th. Accenture’s dividend payout ratio is presently 47.25%.

Insider Transactions at Accenture

In other news, CFO Kathleen R. Mcclure sold 1,500 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $315.00, for a total value of $472,500.00. Following the sale, the chief financial officer now owns 38,570 shares of the company’s stock, valued at $12,149,550. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Kathleen R. Mcclure sold 1,500 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $315.00, for a total value of $472,500.00. Following the sale, the chief financial officer now owns 38,570 shares of the company’s stock, valued at $12,149,550. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Ellyn Shook sold 5,000 shares of the company’s 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 in the company, valued at $2,964,751.98. The disclosure for this sale can be found here. Insiders have sold a total of 21,421 shares of company stock valued at $6,912,635 over the last 90 days. 0.07% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on ACN. Wedbush cut their price target on shares of Accenture from $400.00 to $350.00 and set an “outperform” rating for the company in a report on Wednesday, June 12th. Robert W. Baird cut their price target on shares of Accenture from $372.00 to $345.00 and set a “neutral” rating for the company in a report on Thursday, May 16th. Barclays cut their price target on shares of Accenture from $390.00 to $350.00 and set an “overweight” rating for the company in a report on Monday, June 17th. Susquehanna cut their price target on shares of Accenture from $360.00 to $350.00 and set a “neutral” rating for the company in a report on Friday, June 21st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Accenture from $330.00 to $376.00 and gave the company an “overweight” rating in a report on Friday. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $353.41.

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.