Nisa Investment Advisors LLC Purchases 1,770 Shares of Accenture plc (NYSE:ACN)

Nisa Investment Advisors LLC raised its position in shares of Accenture plc (NYSE:ACN) by 1.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,703 shares of the information technology services provider’s stock after acquiring an additional 1,770 shares during the period. Nisa Investment Advisors LLC’s holdings in Accenture were worth $51,793,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. DiNuzzo Private Wealth Inc. purchased a new position in Accenture in the 4th quarter worth about $27,000. Annapolis Financial Services LLC grew its stake in Accenture by 507.7% in the first quarter. Annapolis Financial Services LLC now owns 79 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 66 shares in the last quarter. Ables Iannone Moore & Associates Inc. bought a new stake in Accenture during the 4th quarter valued at $29,000. Atwood & Palmer Inc. increased its stake in shares of Accenture by 214.8% during the first quarter. Atwood & Palmer Inc. now owns 85 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 58 shares during the period. Finally, Grayhawk Investment Strategies Inc. bought a new stake in Accenture during the 4th quarter valued at $35,000. 75.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Accenture

In related news, CEO Julie Spellman Sweet sold 3,776 shares of Accenture stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $309.05, for a total transaction of $1,166,972.80. Following the completion of the transaction, the chief executive officer now directly owns 11,819 shares in the company, valued at approximately $3,652,661.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Ellyn Shook sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $329.82, for a total transaction of $1,649,100.00. Following the sale, the insider now owns 8,989 shares in the company, valued at $2,964,751.98. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Julie Spellman Sweet sold 3,776 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 11,819 shares of the company’s stock, valued at $3,652,661.95. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,421 shares of company stock valued at $6,912,635. Corporate insiders own 0.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. The Goldman Sachs Group assumed coverage on Accenture in a research report on Monday, June 24th. They set a “neutral” rating and a $335.00 price target for the company. BMO Capital Markets dropped their price objective on shares of Accenture from $375.00 to $350.00 and set a “market perform” rating on the stock in a research note on Friday, June 21st. Jefferies Financial Group decreased their target price on shares of Accenture from $340.00 to $275.00 and set a “hold” rating for the company in a research note on Wednesday, June 5th. Barclays cut their price objective on shares of Accenture from $390.00 to $350.00 and set an “overweight” rating for the company in a report on Monday, June 17th. Finally, UBS Group upgraded Accenture from a “neutral” rating to a “buy” rating and set a $400.00 price target on the stock in a research report on Friday, July 19th. Eleven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Accenture currently has an average rating of “Moderate Buy” and an average price target of $351.82.

Accenture Stock Up 0.9 %

Shares of ACN traded up $3.02 during trading on Monday, reaching $329.94. 777,890 shares of the company traded hands, compared to its average volume of 2,868,064. The stock has a market cap of $206.77 billion, a PE ratio of 30.22, a price-to-earnings-growth ratio of 3.66 and a beta of 1.23. Accenture plc has a twelve month low of $278.69 and a twelve month high of $387.51. The stock has a 50-day simple moving average of $311.12 and a 200-day simple moving average of $327.28.

Accenture (NYSE:ACN) last announced its quarterly earnings data 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 during 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 business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.19 earnings per share. On average, equities research analysts predict that Accenture plc will post 11.95 EPS for the current year.

Accenture Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, July 11th were given a $1.29 dividend. This represents a $5.16 annualized dividend and a yield of 1.56%. The ex-dividend date was Thursday, July 11th. Accenture’s payout ratio is 47.25%.

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.