Accenture plc (NYSE:ACN) Shares Sold by Lake Street Financial LLC

Lake Street Financial LLC lowered its stake in shares of Accenture plc (NYSE:ACNGet Rating) by 1.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,185 shares of the information technology services provider’s stock after selling 57 shares during the quarter. Lake Street Financial LLC’s holdings in Accenture were worth $1,074,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Banco Santander S.A. increased its holdings in shares of Accenture by 1,592.0% during the first quarter. Banco Santander S.A. now owns 40,100 shares of the information technology services provider’s stock valued at $13,523,000 after acquiring an additional 37,730 shares in the last quarter. Goodman Advisory Group LLC acquired a new position in shares of Accenture during the first quarter valued at about $210,000. Lindenwold Advisors increased its holdings in shares of Accenture by 0.6% during the first quarter. Lindenwold Advisors now owns 9,494 shares of the information technology services provider’s stock valued at $3,202,000 after acquiring an additional 56 shares in the last quarter. Palisade Capital Management LLC NJ increased its holdings in Accenture by 12.5% in the 1st quarter. Palisade Capital Management LLC NJ now owns 991 shares of the information technology services provider’s stock worth $334,000 after buying an additional 110 shares during the period. Finally, Intercontinental Wealth Advisors LLC increased its holdings in Accenture by 24.5% in the 1st quarter. Intercontinental Wealth Advisors LLC now owns 2,747 shares of the information technology services provider’s stock worth $926,000 after buying an additional 540 shares during the period. Institutional investors and hedge funds own 74.46% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Exane BNP Paribas downgraded shares of Accenture from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 29th. Bank of America lowered their price objective on Accenture from $443.00 to $374.00 and set a “buy” rating on the stock in a research report on Friday, June 17th. Robert W. Baird lowered their price objective on Accenture from $340.00 to $310.00 and set a “neutral” rating on the stock in a research report on Friday, June 24th. BNP Paribas lowered Accenture from an “outperform” rating to a “neutral” rating and set a $320.00 target price on the stock. in a research report on Wednesday, June 29th. Finally, Royal Bank of Canada decreased their target price on Accenture from $435.00 to $357.00 and set an “outperform” rating on the stock in a research report on Friday, June 24th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Accenture presently has a consensus rating of “Moderate Buy” and an average target price of $358.84.

Insider Activity

In other news, CEO Julie Spellman Sweet sold 3,278 shares of Accenture stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $270.93, for a total value of $888,108.54. Following the completion of the transaction, the chief executive officer now owns 16,978 shares in the company, valued at approximately $4,599,849.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Ellyn Shook sold 750 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $300.00, for a total transaction of $225,000.00. Following the completion of the sale, the insider now owns 21,400 shares in the company, valued at $6,420,000. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Julie Spellman Sweet sold 3,278 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $270.93, for a total value of $888,108.54. Following the sale, the chief executive officer now owns 16,978 shares of the company’s stock, valued at approximately $4,599,849.54. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,389 shares of company stock worth $3,132,777. 0.07% of the stock is currently owned by company insiders.

Accenture Price Performance

Shares of Accenture stock opened at $309.35 on Friday. The business has a 50-day moving average of $288.13 and a 200 day moving average of $308.57. Accenture plc has a 12 month low of $261.77 and a 12 month high of $417.37. The stock has a market capitalization of $195.68 billion, a price-to-earnings ratio of 30.00, a price-to-earnings-growth ratio of 2.91 and a beta of 1.22.

Accenture (NYSE:ACNGet Rating) last announced its earnings results on Thursday, June 23rd. The information technology services provider reported $2.79 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.05). Accenture had a net margin of 11.13% and a return on equity of 31.50%. The firm had revenue of $16.16 billion for the quarter, compared to analysts’ expectations of $16.05 billion. During the same quarter last year, the business earned $2.40 earnings per share. Equities research analysts anticipate that Accenture plc will post 10.68 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Thursday, July 14th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Wednesday, July 13th. Accenture’s payout ratio is presently 37.63%.

Accenture Profile

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Accenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operations services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management, intelligent automation comprises robotic process automation, natural language processing, and virtual agents, and liquid application management services, as well as program, project, and service management services; strategy consulting services; critical data elements, data management and governance, data platform and architecture, product-based organization and skills, business adoption, and value realization services; engineering, and research and development digitization; smart connected product design and development; product platform engineering and modernization; product as-a-service enablement; products related to production and operations; autonomous robotics systems; the digital transformation of capital projects; and digital industrial workforce solutions.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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