Minot Wealth Management LLC Sells 3,114 Shares of Accenture plc (NYSE:ACN)

Minot Wealth Management LLC trimmed its holdings in Accenture plc (NYSE:ACNGet Rating) by 10.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,912 shares of the information technology services provider’s stock after selling 3,114 shares during the quarter. Accenture makes up approximately 2.0% of Minot Wealth Management LLC’s holdings, making the stock its 11th biggest position. Minot Wealth Management LLC’s holdings in Accenture were worth $7,750,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Equitable Holdings Inc. grew its holdings in Accenture by 24.7% during the 4th quarter. Equitable Holdings Inc. now owns 1,334 shares of the information technology services provider’s stock worth $553,000 after acquiring an additional 264 shares in the last quarter. Advisor Resource Council acquired a new position in shares of Accenture in the 4th quarter valued at $243,000. Eagle Asset Management Inc. lifted its holdings in shares of Accenture by 39.4% during the fourth quarter. Eagle Asset Management Inc. now owns 22,552 shares of the information technology services provider’s stock worth $9,332,000 after purchasing an additional 6,373 shares during the period. KRS Capital Management LLC acquired a new stake in shares of Accenture in the fourth quarter worth $591,000. Finally, Invesco Ltd. lifted its holdings in shares of Accenture by 0.8% in the 4th quarter. Invesco Ltd. now owns 3,293,270 shares of the information technology services provider’s stock valued at $1,365,224,000 after buying an additional 27,375 shares during the period. 73.73% of the stock is owned by institutional investors.

Insider Buying and Selling at Accenture

In related news, General Counsel Joel Unruch sold 555 shares of the stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $300.00, for a total transaction of $166,500.00. Following the sale, the general counsel now directly owns 25,601 shares in the company, valued at approximately $7,680,300. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, General Counsel Joel Unruch sold 555 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $300.00, for a total transaction of $166,500.00. Following the completion of the transaction, the general counsel now owns 25,601 shares in the company, valued at $7,680,300. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jean-Marc Ollagnier sold 6,250 shares of the stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $270.93, for a total value of $1,693,312.50. Following the sale, the insider now directly owns 159,630 shares of the company’s stock, valued at $43,248,555.90. The disclosure for this sale can be found here. Insiders sold a total of 11,389 shares of company stock valued at $3,132,777 in the last quarter. Corporate insiders own 0.07% of the company’s stock.

Accenture Stock Down 1.0 %

Shares of Accenture stock opened at $270.00 on Monday. The business has a fifty day simple moving average of $295.30 and a 200-day simple moving average of $300.86. The firm has a market cap of $170.79 billion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 2.30 and a beta of 1.22. Accenture plc has a fifty-two week low of $261.77 and a fifty-two week high of $417.37.

Accenture (NYSE:ACNGet Rating) last announced its earnings results on Thursday, June 23rd. The information technology services provider reported $2.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.84 by ($0.05). The firm had revenue of $16.16 billion for the quarter, compared to analyst estimates of $16.05 billion. Accenture had a net margin of 11.13% and a return on equity of 31.50%. During the same period last year, the firm earned $2.40 earnings per share. Analysts anticipate that Accenture plc will post 10.69 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Thursday, July 14th were given a $0.97 dividend. The ex-dividend date of this dividend was Wednesday, July 13th. This represents a $3.88 annualized dividend and a yield of 1.44%. Accenture’s dividend payout ratio is 37.63%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Piper Sandler lowered their price target on Accenture from $305.00 to $281.00 and set a “neutral” rating on the stock in a research report on Monday, July 18th. Bank of America lowered their target price on shares of Accenture from $443.00 to $374.00 and set a “buy” rating on the stock in a research note on Friday, June 17th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Accenture from $440.00 to $364.00 in a research note on Friday, June 17th. Cowen reduced their target price on shares of Accenture from $330.00 to $325.00 and set an “outperform” rating on the stock in a research note on Friday, June 24th. Finally, Royal Bank of Canada dropped their price target on shares of Accenture from $435.00 to $357.00 and set an “outperform” rating for the company in a research report on Friday, June 24th. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $355.63.

Accenture Profile

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Accenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operations services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management, intelligent automation comprises robotic process automation, natural language processing, and virtual agents, and liquid application management services, as well as program, project, and service management services; strategy consulting services; critical data elements, data management and governance, data platform and architecture, product-based organization and skills, business adoption, and value realization services; engineering, and research and development digitization; smart connected product design and development; product platform engineering and modernization; product as-a-service enablement; products related to production and operations; autonomous robotics systems; the digital transformation of capital projects; and digital industrial workforce solutions.

See Also

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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