IVC Wealth Advisors LLC raised its holdings in Accenture PLC (NYSE:ACN – Free Report) by 12.7% in the second quarter, Holdings Channel.com reports. The fund owned 780 shares of the information technology services provider’s stock after acquiring an additional 88 shares during the quarter. IVC Wealth Advisors LLC’s holdings in Accenture were worth $233,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Kelly Lawrence W & Associates Inc. CA acquired a new stake in Accenture in the first quarter valued at approximately $31,000. Inlight Wealth Management LLC acquired a new stake in Accenture in the first quarter valued at approximately $32,000. WPG Advisers LLC acquired a new stake in Accenture in the first quarter valued at approximately $42,000. Atwood & Palmer Inc. lifted its stake in Accenture by 407.4% in the first quarter. Atwood & Palmer Inc. now owns 137 shares of the information technology services provider’s stock valued at $43,000 after acquiring an additional 110 shares during the last quarter. Finally, Cheviot Value Management LLC acquired a new stake in shares of Accenture in the first quarter worth $43,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.
Accenture Trading Up 0.4%
Shares of ACN stock opened at $245.39 on Friday. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35. The firm’s fifty day simple moving average is $249.57 and its 200 day simple moving average is $283.36. The firm has a market capitalization of $153.69 billion, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 2.14 and a beta of 1.28. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16.
Accenture Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be issued a $1.63 dividend. This is a boost from Accenture’s previous quarterly dividend of $1.48. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.52 annualized dividend and a yield of 2.7%. Accenture’s payout ratio is presently 48.72%.
Insider Buying and Selling at Accenture
In other Accenture news, CEO Julie Spellman Sweet sold 2,251 shares of the business’s stock in a transaction 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 sale, the chief executive officer owned 8,109 shares of the company’s stock, valued at $2,290,387.05. The trade was a 21.73% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Mauro Macchi sold 500 shares of the business’s stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.34, for a total transaction of $141,170.00. Following the completion of the sale, the chief executive officer directly owned 2,283 shares in the company, valued at $644,582.22. This trade represents a 17.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,954 shares of company stock valued at $834,280 in the last 90 days. 0.02% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on ACN shares. UBS Group reduced their price objective on shares of Accenture from $363.00 to $315.00 and set a “buy” rating for the company in a research note on Wednesday, September 24th. Rothschild & Co Redburn boosted their price objective on shares of Accenture from $250.00 to $255.00 in a research note on Friday, September 19th. Weiss Ratings restated a “hold (c-)” rating on shares of Accenture in a research note on Saturday, September 27th. Guggenheim reduced their price objective on shares of Accenture from $305.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, September 26th. Finally, Argus set a $370.00 price objective on shares of Accenture in a research note on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Accenture presently has a consensus rating of “Moderate Buy” and an average price target of $300.22.
Check Out Our Latest Report on Accenture
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.
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