Aspiriant LLC Buys 809 Shares of Accenture plc (NYSE:ACN)

Aspiriant LLC increased its holdings in Accenture plc (NYSE:ACN) by 25.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,928 shares of the information technology services provider’s stock after buying an additional 809 shares during the period. Aspiriant LLC’s holdings in Accenture were worth $1,361,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. McKinley Carter Wealth Services Inc. raised its position in shares of Accenture by 7.4% in the fourth quarter. McKinley Carter Wealth Services Inc. now owns 29,204 shares of the information technology services provider’s stock worth $10,248,000 after buying an additional 2,008 shares in the last quarter. TrinityPoint Wealth LLC raised its position in shares of Accenture by 3.6% in the fourth quarter. TrinityPoint Wealth LLC now owns 3,646 shares of the information technology services provider’s stock worth $1,279,000 after buying an additional 125 shares in the last quarter. Buckingham Capital Management Inc. raised its position in shares of Accenture by 3.4% in the fourth quarter. Buckingham Capital Management Inc. now owns 27,559 shares of the information technology services provider’s stock worth $9,671,000 after buying an additional 900 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Accenture by 2.3% in the third quarter. Ameriprise Financial Inc. now owns 4,284,770 shares of the information technology services provider’s stock worth $1,315,832,000 after buying an additional 96,414 shares in the last quarter. Finally, Redwood Investments LLC raised its position in shares of Accenture by 8.3% in the fourth quarter. Redwood Investments LLC now owns 20,227 shares of the information technology services provider’s stock worth $7,098,000 after buying an additional 1,542 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Accenture Stock Performance

Accenture stock opened at $303.10 on Friday. The stock’s 50 day simple moving average is $300.69 and its two-hundred day simple moving average is $336.65. The stock has a market cap of $203.30 billion, a price-to-earnings ratio of 27.76, a PEG ratio of 3.43 and a beta of 1.21. 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 earnings results on Thursday, June 20th. The information technology services provider reported $3.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.15 by ($0.02). The business had revenue of $16.47 billion for 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.19 earnings per share. On average, analysts predict that Accenture plc will post 11.95 earnings per share for the current year.

Accenture Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, July 11th will be issued a dividend of $1.29 per share. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Thursday, July 11th. Accenture’s payout ratio is currently 47.25%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Jefferies Financial Group lowered their price target on Accenture from $340.00 to $275.00 and set a “hold” rating on the stock in a research report on Wednesday, June 5th. TD Cowen lowered their price target on Accenture from $294.00 to $293.00 and set a “hold” rating on the stock in a research report on Friday, June 21st. Redburn Atlantic raised their price target on Accenture from $410.00 to $445.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Susquehanna lowered their price target on Accenture from $360.00 to $350.00 and set a “neutral” rating on the stock in a research report on Friday, June 21st. Finally, Wedbush lowered their price target on Accenture from $400.00 to $350.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 12th. Twelve analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $352.74.

Insider Activity at Accenture

In related news, CEO Jean-Marc Ollagnier sold 6,250 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $315.91, for a total transaction of $1,974,437.50. Following the completion of the sale, the chief executive officer now owns 161,581 shares in the company, valued at $51,045,053.71. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, General Counsel Joel Unruch sold 4,333 shares of the company’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $316.12, for a total transaction of $1,369,747.96. Following the completion of the sale, the general counsel now owns 30,702 shares in the company, valued at $9,705,516.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jean-Marc Ollagnier sold 6,250 shares of the company’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 completion of the sale, the chief executive officer now owns 161,581 shares of the company’s stock, valued at approximately $51,045,053.71. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,083 shares of company stock worth $6,302,285. 0.07% of the stock is owned by insiders.

Accenture Company Profile

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.