B.O.S.S. Retirement Advisors LLC reduced its stake in shares of Accenture PLC (NYSE:ACN – Free Report) by 5.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,430 shares of the information technology services provider’s stock after selling 80 shares during the period. B.O.S.S. Retirement Advisors LLC’s holdings in Accenture were worth $427,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Accenture by 5.7% in the first quarter. Vanguard Group Inc. now owns 63,814,234 shares of the information technology services provider’s stock valued at $19,912,594,000 after purchasing an additional 3,419,577 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Accenture by 63.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider’s stock valued at $2,793,889,000 after purchasing an additional 3,490,569 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Accenture by 3.5% in the first quarter. Goldman Sachs Group Inc. now owns 6,766,369 shares of the information technology services provider’s stock valued at $2,111,378,000 after purchasing an additional 228,939 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Accenture by 2.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,163,393 shares of the information technology services provider’s stock valued at $1,923,225,000 after purchasing an additional 126,548 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Accenture by 3.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,129,053 shares of the information technology services provider’s stock valued at $1,600,470,000 after purchasing an additional 164,573 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors.
Accenture Stock Down 1.3%
NYSE ACN opened at $243.50 on Thursday. Accenture PLC has a 1-year low of $229.40 and a 1-year high of $398.35. The stock’s 50 day moving average is $251.06 and its two-hundred day moving average is $284.75. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $152.51 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 2.15 and a beta of 1.28.
Accenture Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.7%. This is an increase from Accenture’s previous quarterly dividend of $1.48. The ex-dividend date is Friday, October 10th. Accenture’s dividend payout ratio is presently 48.72%.
Insider Activity
In other news, CEO Julie Spellman Sweet sold 2,251 shares of Accenture stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $282.45, for a total value of $635,794.95. Following the completion of the transaction, the chief executive officer owned 8,109 shares in the company, valued at approximately $2,290,387.05. The trade was a 21.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Angela Beatty sold 203 shares of Accenture stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $282.34, for a total transaction of $57,315.02. Following the completion of the transaction, the insider owned 5,249 shares of the company’s stock, valued at $1,482,002.66. This trade represents a 3.72% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,954 shares of company stock worth $834,280. Insiders own 0.02% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on ACN shares. Guggenheim decreased their target price on Accenture from $305.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, September 26th. Morgan Stanley decreased their target price on Accenture from $325.00 to $271.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 9th. Cowen reissued a “buy” rating on shares of Accenture in a research report on Friday, September 26th. Wolfe Research decreased their price objective on Accenture from $290.00 to $285.00 and set an “outperform” rating on the stock in a report on Tuesday, September 23rd. Finally, Stifel Nicolaus decreased their price objective on Accenture from $355.00 to $315.00 and set a “buy” rating on the stock in a report on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $300.22.
View Our Latest Stock Report on Accenture
Accenture 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.
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