Mosaic Family Wealth Partners LLC Purchases 67 Shares of Accenture plc (NYSE:ACN)

Mosaic Family Wealth Partners LLC grew its position in shares of Accenture plc (NYSE:ACN) by 5.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,366 shares of the information technology services provider’s stock after buying an additional 67 shares during the quarter. Mosaic Family Wealth Partners LLC’s holdings in Accenture were worth $473,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. DiNuzzo Private Wealth Inc. bought a new stake in shares of Accenture in the 4th quarter worth approximately $27,000. Annapolis Financial Services LLC lifted 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 during the last quarter. Ables Iannone Moore & Associates Inc. bought a new position in shares of Accenture during the fourth quarter valued at about $29,000. Atwood & Palmer Inc. raised 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 acquiring an additional 58 shares during the last quarter. Finally, Grayhawk Investment Strategies Inc. bought a new position in Accenture in the fourth quarter worth about $35,000. Institutional investors own 75.14% of the company’s stock.

Accenture Trading Down 1.5 %

ACN traded down $4.93 during trading on Friday, hitting $323.15. 2,682,736 shares of the company traded hands, compared to its average volume of 3,095,611. The company has a market cap of $202.52 billion, a PE ratio of 29.59, a P/E/G ratio of 3.66 and a beta of 1.23. The stock’s 50-day simple moving average is $305.37 and its two-hundred day simple moving average is $330.91. Accenture plc has a 1 year low of $278.69 and a 1 year high of $387.51.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, June 20th. The information technology services provider reported $3.13 earnings per share for the quarter, missing the consensus estimate of $3.15 by ($0.02). The company had revenue of $16.47 billion for 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 business’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business posted $3.19 earnings per share. Equities analysts expect that Accenture plc will post 11.95 EPS for the current year.

Accenture Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, July 11th will be issued a $1.29 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.60%. Accenture’s dividend payout ratio (DPR) is presently 47.25%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ACN. Barclays cut their price objective on shares of Accenture from $390.00 to $350.00 and set an “overweight” rating on the stock in a report on Monday, June 17th. Guggenheim reiterated a “buy” rating and set a $395.00 price target on shares of Accenture in a report on Friday, May 24th. TD Cowen cut their price target on shares of Accenture from $294.00 to $293.00 and set a “hold” rating on the stock in a report on Friday, June 21st. Jefferies Financial Group cut their price target on shares of Accenture from $340.00 to $275.00 and set a “hold” rating on the stock in a report on Wednesday, June 5th. Finally, Bank of America dropped their target price on shares of Accenture from $419.00 to $365.00 and set a “buy” rating on the stock in a report on Wednesday, June 5th. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $351.82.

Insider Transactions at Accenture

In other news, insider Ellyn Shook sold 5,000 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $329.82, for a total value of $1,649,100.00. Following the sale, the insider now directly owns 8,989 shares in the company, valued at approximately $2,964,751.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, General Counsel Joel Unruch sold 8,145 shares of the company’s stock in a transaction dated 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 transaction, the general counsel now directly owns 22,849 shares in the company, valued at approximately $7,564,161.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ellyn Shook sold 5,000 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $329.82, for a total transaction of $1,649,100.00. Following the completion of the transaction, the insider now owns 8,989 shares in the company, valued at $2,964,751.98. The disclosure for this sale can be found here. Insiders have sold a total of 21,421 shares of company stock worth $6,912,635 in the last three months. 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.