Trust Co. of Oklahoma Decreases Stake in Accenture plc (NYSE:ACN)

Trust Co. of Oklahoma decreased its holdings in Accenture plc (NYSE:ACN) by 0.8% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 13,110 shares of the information technology services provider’s stock after selling 104 shares during the period. Accenture makes up about 1.6% of Trust Co. of Oklahoma’s investment portfolio, making the stock its 16th largest position. Trust Co. of Oklahoma’s holdings in Accenture were worth $4,544,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ACN. Schonfeld Strategic Advisors LLC grew its position in Accenture by 77.9% in the third quarter. Schonfeld Strategic Advisors LLC now owns 9,832 shares of the information technology services provider’s stock valued at $3,020,000 after acquiring an additional 4,305 shares in the last quarter. Axxcess Wealth Management LLC lifted its holdings in Accenture by 127.8% in the 3rd quarter. Axxcess Wealth Management LLC now owns 14,269 shares of the information technology services provider’s stock worth $4,382,000 after buying an additional 8,004 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Accenture by 2.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,284,770 shares of the information technology services provider’s stock valued at $1,315,832,000 after buying an additional 96,414 shares during the last quarter. Elevatus Welath Management acquired a new stake in shares of Accenture during the third quarter valued at about $244,000. Finally, Legacy Advisors LLC increased its position in shares of Accenture by 12.4% during the third quarter. Legacy Advisors LLC now owns 17,140 shares of the information technology services provider’s stock worth $5,264,000 after acquiring an additional 1,896 shares during the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Accenture Trading Up 0.6 %

ACN traded up $1.92 on Wednesday, reaching $305.75. The company had a trading volume of 1,751,182 shares, compared to its average volume of 2,899,779. The company has a market capitalization of $191.61 billion, a P/E ratio of 28.00, a PEG ratio of 3.38 and a beta of 1.23. The company has a fifty day moving average of $299.60 and a 200-day moving average of $335.48. Accenture plc has a one year low of $278.69 and a one year high of $387.51.

Accenture (NYSE:ACN) last issued 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 net margin of 10.79% and a return on equity of 27.48%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $3.19 earnings per share. Research analysts predict that Accenture plc will post 11.95 EPS for the current year.

Accenture Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 11th will be given a $1.29 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $5.16 annualized dividend and a yield of 1.69%. Accenture’s dividend payout ratio (DPR) is 47.25%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ACN. Citigroup dropped their price objective on Accenture from $430.00 to $400.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Robert W. Baird reduced their price objective on shares of Accenture from $372.00 to $345.00 and set a “neutral” rating on the stock in a research note on Thursday, May 16th. StockNews.com downgraded shares of Accenture from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Jefferies Financial Group reduced their price target on shares of Accenture from $340.00 to $275.00 and set a “hold” rating on the stock in a research report on Wednesday, June 5th. Finally, Redburn Atlantic upped their price objective on Accenture from $410.00 to $445.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Twelve research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $352.74.

Insider Buying and Selling at Accenture

In related news, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $307.22, for a total value of $1,536,100.00. Following the transaction, the insider now directly owns 13,699 shares in the company, valued at approximately $4,208,606.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, 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 value of $1,536,100.00. Following the completion of the transaction, the insider now owns 13,699 shares of the company’s stock, valued at approximately $4,208,606.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jean-Marc Ollagnier sold 6,250 shares of the stock in a transaction on Friday, April 12th. The shares were 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 have sold 20,083 shares of company stock valued at $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.