Dai ichi Life Insurance Company Ltd Has $19.81 Million Stake in Accenture plc (NYSE:ACN)

Dai ichi Life Insurance Company Ltd cut its stake in shares of Accenture plc (NYSE:ACN) by 1.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,284 shares of the information technology services provider’s stock after selling 1,170 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Accenture were worth $19,808,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Unique Wealth Strategies LLC acquired a new position in shares of Accenture during the second quarter worth $26,000. Annapolis Financial Services LLC raised its position 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 valued at $27,000 after purchasing an additional 66 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of Accenture during the second quarter valued at about $28,000. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Accenture during the fourth quarter worth about $29,000. Finally, Atwood & Palmer Inc. increased its stake in shares of 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 during the period. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Accenture

In other Accenture news, General Counsel Joel Unruch sold 8,145 shares of Accenture stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $331.05, for a total transaction of $2,696,402.25. Following the completion of the transaction, the general counsel now owns 22,849 shares of the company’s stock, valued at approximately $7,564,161.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Accenture news, CFO Kathleen R. Mcclure sold 3,000 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $309.22, for a total value of $927,660.00. Following the sale, the chief financial officer now owns 40,070 shares of the company’s stock, valued at approximately $12,390,445.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Joel Unruch sold 8,145 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $331.05, for a total value of $2,696,402.25. Following the transaction, the general counsel now directly owns 22,849 shares of the company’s stock, valued at approximately $7,564,161.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,421 shares of company stock worth $6,912,635. 0.07% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. BMO Capital Markets decreased their price target on shares of Accenture from $375.00 to $350.00 and set a “market perform” rating for the company in a research report on Friday, June 21st. Piper Sandler cut their target price on Accenture from $379.00 to $320.00 and set a “neutral” rating on the stock in a report on Monday, June 17th. The Goldman Sachs Group started coverage on Accenture in a research report on Monday, June 24th. They set a “neutral” rating and a $335.00 price objective for the company. JPMorgan Chase & Co. upped their target price on Accenture from $330.00 to $376.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Finally, 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 report on Wednesday, June 12th. Eleven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $354.68.

Accenture Price Performance

Shares of NYSE ACN opened at $349.58 on Friday. The business’s fifty day moving average price is $328.08 and its 200-day moving average price is $323.80. Accenture plc has a one year low of $278.69 and a one year high of $387.51. The stock has a market capitalization of $219.08 billion, a PE ratio of 32.01, a P/E/G ratio of 3.82 and a beta of 1.24.

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 business had revenue of $16.47 billion during the quarter, compared to analysts’ expectations of $16.55 billion. Accenture had a return on equity of 27.48% and a net margin of 10.79%. Accenture’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.19 EPS. As a group, equities analysts expect that Accenture plc will post 11.95 EPS for the current fiscal year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 11th were given a $1.29 dividend. This represents a $5.16 annualized dividend 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%.

Accenture Company Profile

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.