Accenture PLC (NYSE:ACN) Shares Sold by FUKOKU MUTUAL LIFE INSURANCE Co

by · The Cerbat Gem

FUKOKU MUTUAL LIFE INSURANCE Co trimmed its holdings in shares of Accenture PLC (NYSE:ACN – Free Report) by 1.4% during the first quarter, Holdings Channel reports. The firm owned 3,479 shares of the information technology services provider’s stock after selling 50 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Accenture were worth $1,086,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Ballentine Partners LLC increased its holdings in shares of Accenture by 10.7% in the 1st quarter. Ballentine Partners LLC now owns 18,880 shares of the information technology services provider’s stock worth $5,891,000 after acquiring an additional 1,825 shares during the period. Berbice Capital Management LLC increased its holdings in shares of Accenture by 100.0% in the 1st quarter. Berbice Capital Management LLC now owns 200 shares of the information technology services provider’s stock worth $62,000 after acquiring an additional 100 shares during the period. Austin Wealth Management LLC increased its holdings in shares of Accenture by 17.5% in the 1st quarter. Austin Wealth Management LLC now owns 793 shares of the information technology services provider’s stock worth $231,000 after acquiring an additional 118 shares during the period. Park Square Financial Group LLC increased its holdings in shares of Accenture by 184.1% in the 1st quarter. Park Square Financial Group LLC now owns 250 shares of the information technology services provider’s stock worth $78,000 after acquiring an additional 162 shares during the period. Finally, Chapman Investment Management LLC increased its holdings in shares of Accenture by 1.7% in the 1st quarter. Chapman Investment Management LLC now owns 11,271 shares of the information technology services provider’s stock worth $3,517,000 after acquiring an additional 183 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Stock Performance

NYSE:ACN opened at $281.01 on Friday. Accenture PLC has a twelve month low of $273.19 and a twelve month high of $398.35. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average of $309.00 and a 200-day moving average of $327.36. The firm has a market cap of $176.00 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 2.71 and a beta of 1.29.

Accenture (NYSE:ACN – Get Free Report) last announced its earnings results on Friday, June 20th. The information technology services provider reported $3.49 EPS for the quarter, topping the consensus estimate of $3.32 by $0.17. Accenture had a net margin of 11.61% and a return on equity of 26.55%. The company had revenue of $17.73 billion during the quarter, compared to analysts’ expectations of $17.26 billion. During the same period last year, the company posted $3.13 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Analysts forecast that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 10th will be issued a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Thursday, July 10th. Accenture’s payout ratio is 47.13%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Barclays dropped their price objective on shares of Accenture from $390.00 to $360.00 and set an “overweight” rating on the stock in a report on Monday, June 23rd. Piper Sandler decreased their target price on shares of Accenture from $364.00 to $355.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Baird R W upgraded shares of Accenture from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. JPMorgan Chase & Co. increased their target price on shares of Accenture from $349.00 to $353.00 and gave the company an “overweight” rating in a research report on Monday, June 16th. Finally, Robert W. Baird upgraded shares of Accenture from a “neutral” rating to an “outperform” rating and set a $390.00 target price for the company in a research report on Monday, March 17th. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Accenture has an average rating of “Moderate Buy” and a consensus target price of $370.71.

Check Out Our Latest Analysis on ACN

Insider Activity at Accenture

In other Accenture news, COO John F. Walsh sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $325.00, for a total value of $812,500.00. Following the completion of the transaction, the chief operating officer directly owned 15,882 shares in the company, valued at $5,161,650. This trade represents a 13.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.02% of the stock is currently owned by insiders.

Accenture Profile

(Free Report)

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.

Further Reading

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