Banque Cantonale Vaudoise Acquires 224 Shares of Accenture plc (NYSE:ACN)

Banque Cantonale Vaudoise lifted its holdings in shares of Accenture plc (NYSE:ACN) by 1.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,058 shares of the information technology services provider’s stock after purchasing an additional 224 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Accenture were worth $6,997,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Unique Wealth Strategies LLC acquired a new stake in shares of Accenture during the 2nd quarter worth approximately $26,000. DiNuzzo Private Wealth Inc. bought a new position in shares of Accenture in the 4th quarter valued at $27,000. Annapolis Financial Services LLC raised its holdings in shares of Accenture by 507.7% during the 1st quarter. Annapolis Financial Services LLC now owns 79 shares of the information technology services provider’s stock worth $27,000 after buying an additional 66 shares in the last quarter. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Accenture during the 4th quarter worth $29,000. Finally, Atwood & Palmer Inc. boosted its stake in Accenture by 214.8% in 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 in the last quarter. 75.14% of the stock is owned by institutional investors.

Accenture Trading Up 0.5 %

Shares of Accenture stock opened at $341.95 on Friday. The company’s 50-day moving average price is $319.98 and its 200-day moving average price is $325.26. The company has a market cap of $214.30 billion, a price-to-earnings ratio of 31.31, a PEG ratio of 3.81 and a beta of 1.23. Accenture plc has a 12-month low of $278.69 and a 12-month high of $387.51.

Accenture (NYSE:ACN) last announced its earnings results 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 company had revenue of $16.47 billion during the quarter, compared to analysts’ expectations of $16.55 billion. Accenture had a net margin of 10.79% and a return on equity of 27.48%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the business earned $3.19 earnings per share. On average, sell-side analysts predict that Accenture plc will post 11.95 earnings per share for the current year.

Accenture Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, July 11th were given a dividend of $1.29 per share. This represents a $5.16 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Thursday, July 11th. Accenture’s payout ratio is currently 47.25%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ACN shares. Susquehanna lowered their price objective 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. Piper Sandler dropped their price target on Accenture from $379.00 to $320.00 and set a “neutral” rating for the company in a research note on Monday, June 17th. Piper Sandler Companies lowered their target price on Accenture from $379.00 to $320.00 and set a “neutral” rating for the company in a report on Monday, June 17th. Morgan Stanley lowered Accenture from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $382.00 to $300.00 in a research note on Wednesday, June 26th. Finally, Barclays dropped 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. Eleven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $352.33.

Insider Buying and Selling at Accenture

In other news, 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 owns 11,819 shares in the company, valued at $3,652,661.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Julie Spellman Sweet sold 3,776 shares of Accenture 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 sale, the chief executive officer now owns 11,819 shares in the company, valued at $3,652,661.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Joel Unruch sold 8,145 shares of Accenture stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $331.05, for a total transaction of $2,696,402.25. Following the completion of the sale, the general counsel now owns 22,849 shares in the company, valued at approximately $7,564,161.45. The disclosure for this sale can be found here. Insiders have sold 21,421 shares of company stock worth $6,912,635 over the last ninety days. Insiders own 0.07% of the company’s stock.

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.