Citizens Financial Group Inc. RI Acquires 4,112 Shares of Accenture plc (NYSE:ACN)

Citizens Financial Group Inc. RI lifted its stake in shares of Accenture plc (NYSE:ACN) by 10.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 43,026 shares of the information technology services provider’s stock after buying an additional 4,112 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Accenture were worth $13,055,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Accretive Wealth Partners LLC grew its stake in Accenture by 2.3% in the fourth quarter. Accretive Wealth Partners LLC now owns 2,171 shares of the information technology services provider’s stock valued at $762,000 after acquiring an additional 48 shares during the period. Aveo Capital Partners LLC increased its holdings in Accenture by 7.6% during the 4th quarter. Aveo Capital Partners LLC now owns 2,264 shares of the information technology services provider’s stock worth $794,000 after purchasing an additional 160 shares in the last quarter. 9258 Wealth Management LLC lifted its holdings in shares of Accenture by 3.6% in the fourth quarter. 9258 Wealth Management LLC now owns 1,308 shares of the information technology services provider’s stock valued at $459,000 after purchasing an additional 46 shares in the last quarter. Gryphon Financial Partners LLC grew its holdings in Accenture by 79.5% during the fourth quarter. Gryphon Financial Partners LLC now owns 2,535 shares of the information technology services provider’s stock worth $881,000 after buying an additional 1,123 shares in the last quarter. Finally, Jump Financial LLC grew its position in shares of Accenture by 206.0% during the 4th quarter. Jump Financial LLC now owns 2,806 shares of the information technology services provider’s stock valued at $985,000 after acquiring an additional 1,889 shares during the period. Institutional investors own 75.14% of the company’s stock.

Accenture Trading Down 0.1 %

Shares of NYSE ACN opened at $349.58 on Monday. The stock’s 50-day moving average is $328.08 and its 200 day moving average is $323.04. The stock has a market cap of $219.08 billion, a price-to-earnings ratio of 32.01, a P/E/G ratio of 3.82 and a beta of 1.24. Accenture plc has a 1-year low of $278.69 and a 1-year high of $387.51.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, June 20th. The information technology services provider reported $3.13 earnings per share for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). The business had revenue of $16.47 billion during the quarter, compared to the consensus estimate of $16.55 billion. Accenture had a return on equity of 27.48% and a net margin of 10.79%. The company’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.19 earnings per share. On average, analysts forecast that Accenture plc will post 11.95 EPS for the current fiscal year.

Accenture Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 11th were paid a $1.29 dividend. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Thursday, July 11th. Accenture’s dividend payout ratio (DPR) is presently 47.25%.

Wall Street Analyst Weigh In

ACN has been the subject of several research reports. Mizuho reduced their price objective on Accenture from $398.00 to $350.00 and set a “buy” rating for the company in a report on Tuesday, June 18th. Susquehanna cut their target price on shares of Accenture from $360.00 to $350.00 and set a “neutral” rating for the company in a research report on Friday, June 21st. Wedbush dropped their price target on shares of Accenture from $400.00 to $350.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 12th. UBS Group upgraded Accenture from a “neutral” rating to a “buy” rating and set a $400.00 price objective on the stock in a research note on Friday, July 19th. Finally, Guggenheim reaffirmed a “buy” rating and set a $395.00 target price on shares of Accenture in a report on Friday, May 24th. Eleven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Accenture presently has a consensus rating of “Moderate Buy” and a consensus target price of $354.68.

Insider Buying and Selling at Accenture

In other Accenture news, CFO Kathleen R. Mcclure sold 1,500 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $315.00, for a total value of $472,500.00. Following the completion of the sale, the chief financial officer now owns 38,570 shares in the company, valued at approximately $12,149,550. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Kathleen R. Mcclure sold 1,500 shares of Accenture stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $315.00, for a total transaction of $472,500.00. Following the completion of the transaction, the chief financial officer now directly owns 38,570 shares in the company, valued at $12,149,550. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Julie Spellman Sweet sold 3,776 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $309.05, for a total value of $1,166,972.80. Following the transaction, the chief executive officer now directly owns 11,819 shares of the company’s stock, valued at approximately $3,652,661.95. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,421 shares of company stock worth $6,912,635. 0.07% of the stock is currently owned by insiders.

About Accenture

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.