Claro Advisors LLC Sells 92 Shares of Accenture plc (NYSE:ACN)

Claro Advisors LLC lowered its position in Accenture plc (NYSE:ACN) by 0.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,776 shares of the information technology services provider’s stock after selling 92 shares during the period. Claro Advisors LLC’s holdings in Accenture were worth $3,735,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ACN. Vanguard Group Inc. boosted its stake in Accenture by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 58,434,025 shares of the information technology services provider’s stock worth $17,945,673,000 after purchasing an additional 184,541 shares during the period. Wellington Management Group LLP boosted its stake in Accenture by 7.0% in the 3rd quarter. Wellington Management Group LLP now owns 11,034,666 shares of the information technology services provider’s stock worth $3,388,856,000 after purchasing an additional 720,647 shares during the period. Capital Research Global Investors boosted its stake in shares of Accenture by 1.9% during the 4th quarter. Capital Research Global Investors now owns 8,479,430 shares of the information technology services provider’s stock worth $2,975,517,000 after buying an additional 159,696 shares during the last quarter. Norges Bank acquired a new position in shares of Accenture during the 4th quarter worth about $2,061,490,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Accenture by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,466,684 shares of the information technology services provider’s stock worth $1,556,676,000 after buying an additional 68,635 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ACN shares. BMO Capital Markets reduced their price objective on shares of Accenture from $375.00 to $350.00 and set a “market perform” rating for the company in a research note on Friday, June 21st. Piper Sandler Companies reduced their price objective on shares of Accenture from $379.00 to $320.00 and set a “neutral” rating for the company in a research note on Monday, June 17th. Guggenheim restated a “buy” rating and set a $395.00 price objective on shares of Accenture in a research note on Friday, May 24th. Susquehanna dropped their target price on shares of Accenture from $360.00 to $350.00 and set a “neutral” rating on the stock in a report on Friday, June 21st. Finally, Barclays dropped their target price on shares of Accenture from $390.00 to $350.00 and set an “overweight” rating on the stock in a report on Monday, June 17th. Twelve analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $352.74.

Accenture Stock Down 0.3 %

Shares of ACN traded down $0.86 during mid-day trading on Monday, hitting $302.55. 2,327,193 shares of the company’s stock were exchanged, compared to its average volume of 2,914,076. Accenture plc has a 52 week low of $278.69 and a 52 week high of $387.51. The stock’s 50-day simple moving average is $300.17 and its 200-day simple moving average is $336.05. The firm has a market cap of $189.61 billion, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 3.38 and a beta of 1.23.

Accenture (NYSE:ACN) last posted its quarterly 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 firm had revenue of $16.47 billion for the quarter, compared to analyst estimates of $16.55 billion. Accenture had a return on equity of 27.48% and a net margin of 10.79%. The business’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.19 EPS. Analysts forecast that Accenture plc will post 11.95 earnings per share for the current fiscal year.

Accenture Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 11th will be given a dividend of $1.29 per share. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $5.16 annualized dividend and a dividend yield of 1.71%. Accenture’s dividend payout ratio is 47.25%.

Insider Buying and Selling

In other Accenture news, CFO Kathleen R. Mcclure sold 4,500 shares of the firm’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 in the company, valued at $13,518,796. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Accenture news, CFO Kathleen R. Mcclure sold 4,500 shares of the firm’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 in the company, valued at $13,518,796. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ellyn Shook sold 5,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, 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 90 days, insiders have sold 20,083 shares of company stock worth $6,302,285. Corporate insiders own 0.07% of the company’s stock.

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.