St. Johns Investment Management Company LLC Has $1.38 Million Stock Position in Accenture plc (NYSE:ACN)

St. Johns Investment Management Company LLC reduced its position in shares of Accenture plc (NYSE:ACN) by 19.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,982 shares of the information technology services provider’s stock after selling 958 shares during the quarter. St. Johns Investment Management Company LLC’s holdings in Accenture were worth $1,380,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Operose Advisors LLC bought a new stake in shares of Accenture in the 3rd quarter valued at about $203,000. Milestone Asset Management LLC increased its stake in shares of Accenture by 5.5% in the 3rd quarter. Milestone Asset Management LLC now owns 889 shares of the information technology services provider’s stock valued at $274,000 after acquiring an additional 46 shares during the last quarter. Mather Group LLC. increased its stake in Accenture by 19.3% during the 3rd quarter. Mather Group LLC. now owns 11,852 shares of the information technology services provider’s stock worth $3,640,000 after purchasing an additional 1,914 shares in the last quarter. Valley National Advisers Inc. increased its stake in Accenture by 40.3% during the 3rd quarter. Valley National Advisers Inc. now owns 167 shares of the information technology services provider’s stock worth $51,000 after purchasing an additional 48 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its stake in Accenture by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 286,711 shares of the information technology services provider’s stock worth $88,052,000 after purchasing an additional 1,143 shares in the last quarter. 75.14% of the stock is owned by institutional investors.

Insider Activity at Accenture

In related news, CEO Jean-Marc Ollagnier sold 6,250 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $315.91, for a total value of $1,974,437.50. Following the sale, the chief executive officer now directly owns 161,581 shares of the company’s stock, valued at $51,045,053.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Accenture news, CEO Jean-Marc Ollagnier sold 6,250 shares of Accenture stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $315.91, for a total value of $1,974,437.50. Following the completion of the sale, the chief executive officer now directly owns 161,581 shares in the company, valued at $51,045,053.71. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kathleen R. Mcclure sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $316.00, for a total value of $1,422,000.00. Following the sale, the chief financial officer now owns 42,781 shares of the company’s stock, valued at approximately $13,518,796. The disclosure for this sale can be found here. Insiders have sold 20,083 shares of company stock valued at $6,302,285 over the last ninety days. 0.07% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on ACN. Piper Sandler lowered their target price on Accenture from $379.00 to $320.00 and set a “neutral” rating for the company in a research note on Monday, June 17th. Barclays reduced their price target on Accenture from $390.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, June 17th. Mizuho reduced their price target on Accenture from $398.00 to $350.00 and set a “buy” rating for the company in a research report on Tuesday, June 18th. Wedbush reduced their price target on Accenture from $400.00 to $350.00 and set an “outperform” rating for the company in a research report on Wednesday, June 12th. Finally, Piper Sandler Companies reduced their price target on Accenture from $379.00 to $320.00 and set a “neutral” rating for the company in a research report on Monday, June 17th. Twelve research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $352.74.

Accenture Stock Performance

Shares of NYSE ACN opened at $304.60 on Thursday. Accenture plc has a 52 week low of $278.69 and a 52 week high of $387.51. The stock has a market capitalization of $204.31 billion, a P/E ratio of 27.89, a PEG ratio of 3.43 and a beta of 1.21. The stock’s fifty day moving average is $300.89 and its 200 day moving average is $336.88.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, June 20th. The information technology services provider reported $3.13 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). Accenture had a return on equity of 27.48% and a net margin of 10.79%. The company had revenue of $16.47 billion during the quarter, compared to the consensus estimate of $16.55 billion. During the same quarter in the previous year, the business posted $3.19 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts forecast that Accenture plc will post 11.95 earnings per share for the current year.

Accenture Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 11th will be paid a $1.29 dividend. This represents a $5.16 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Thursday, July 11th. Accenture’s dividend payout ratio (DPR) is presently 47.25%.

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.