Linscomb & Williams Inc. Sells 845 Shares of Accenture plc (NYSE:ACN)

Linscomb & Williams Inc. lessened its position in Accenture plc (NYSE:ACNFree Report) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,260 shares of the information technology services provider’s stock after selling 845 shares during the period. Accenture comprises about 0.7% of Linscomb & Williams Inc.’s portfolio, making the stock its 18th largest holding. Linscomb & Williams Inc.’s holdings in Accenture were worth $13,075,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of ACN. NBC Securities Inc. bought a new position in shares of Accenture in the 3rd quarter valued at about $1,472,000. Pinnacle Financial Partners Inc lifted its stake in shares of Accenture by 21.0% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 6,083 shares of the information technology services provider’s stock worth $1,868,000 after buying an additional 1,055 shares during the last quarter. Empower Advisory Group LLC lifted its stake in shares of Accenture by 20.8% during the 3rd quarter. Empower Advisory Group LLC now owns 6,105 shares of the information technology services provider’s stock worth $1,875,000 after buying an additional 1,053 shares during the last quarter. Avantax Planning Partners Inc. lifted its stake in shares of Accenture by 4.5% during the 3rd quarter. Avantax Planning Partners Inc. now owns 4,450 shares of the information technology services provider’s stock worth $1,367,000 after buying an additional 192 shares during the last quarter. Finally, Forum Financial Management LP lifted its stake in shares of Accenture by 1.4% during the 3rd quarter. Forum Financial Management LP now owns 4,390 shares of the information technology services provider’s stock worth $1,348,000 after buying an additional 59 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Accenture Stock Performance

Shares of Accenture stock traded down $4.94 during midday trading on Friday, hitting $300.99. 2,048,661 shares of the company traded hands, compared to its average volume of 2,867,473. Accenture plc has a 12 month low of $285.18 and a 12 month high of $387.51. The stock has a market cap of $201.89 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 3.27 and a beta of 1.21. The firm’s fifty day moving average price is $321.32 and its 200-day moving average price is $342.59.

Accenture (NYSE:ACNGet Free Report) last posted its earnings results on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.11. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The firm had revenue of $15.80 billion for the quarter, compared to analyst estimates of $15.85 billion. During the same period in the previous year, the firm posted $2.69 EPS. The company’s revenue for the quarter was down .1% compared to the same quarter last year. Equities research analysts forecast that Accenture plc will post 12.09 earnings per share for the current year.

Accenture Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th were paid a $1.29 dividend. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend was Wednesday, April 10th. Accenture’s dividend payout ratio is currently 46.78%.

Insider Activity

In other news, COO John F. Walsh sold 8,000 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $332.13, for a total value of $2,657,040.00. Following the sale, the chief operating officer now directly owns 17,877 shares of the company’s stock, valued at approximately $5,937,488.01. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, COO John F. Walsh sold 8,000 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $332.13, for a total transaction of $2,657,040.00. Following the transaction, the chief operating officer now owns 17,877 shares in the company, valued at approximately $5,937,488.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ellyn Shook sold 5,000 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the transaction, the insider now owns 13,699 shares in the company, valued at approximately $4,208,606.78. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,083 shares of company stock valued at $8,959,325. 0.07% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ACN. Piper Sandler raised their target price on shares of Accenture from $335.00 to $394.00 and gave the stock a “neutral” rating in a research note on Monday, March 18th. Bank of America raised their target price on shares of Accenture from $379.00 to $419.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Citigroup dropped their price objective on shares of Accenture from $430.00 to $400.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Redburn Atlantic lifted their price objective on shares of Accenture from $410.00 to $445.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Finally, StockNews.com cut shares of Accenture from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Nine equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Accenture currently has an average rating of “Moderate Buy” and a consensus target price of $380.24.

View Our Latest Research Report on ACN

About Accenture

(Free Report)

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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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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