Bath Savings Trust Co Has $6.93 Million Holdings in Accenture plc (NYSE:ACN)

Bath Savings Trust Co increased its position in Accenture plc (NYSE:ACN) by 1.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,981 shares of the information technology services provider’s stock after purchasing an additional 222 shares during the quarter. Bath Savings Trust Co’s holdings in Accenture were worth $6,926,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ACN. Chilton Capital Management LLC raised its position in Accenture by 180.0% in the fourth quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 45 shares in the last quarter. DiNuzzo Private Wealth Inc. acquired a new position in shares of Accenture in the 4th quarter worth approximately $27,000. Ables Iannone Moore & Associates Inc. acquired a new stake in Accenture in the 4th quarter valued at $29,000. Halpern Financial Inc. bought a new stake in Accenture in the fourth quarter valued at $31,000. Finally, Grayhawk Investment Strategies Inc. acquired a new position in Accenture during the fourth quarter worth $35,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group lowered their target price 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. Barclays reduced their target price on Accenture from $390.00 to $350.00 and set an “overweight” rating on the stock in a report on Monday. Citigroup dropped their price target on Accenture from $430.00 to $400.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Royal Bank of Canada increased their target price on Accenture from $374.00 to $381.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Finally, Stifel Nicolaus reduced their price target on shares of Accenture from $395.00 to $340.00 and set a “buy” rating on the stock in a research report on Wednesday, June 12th. Ten investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Accenture presently has a consensus rating of “Moderate Buy” and a consensus target price of $360.50.

Accenture Stock Performance

NYSE:ACN traded down $0.18 during trading hours on Wednesday, hitting $285.35. The stock had a trading volume of 5,314,911 shares, compared to its average volume of 3,111,215. The business’s 50 day moving average is $301.66 and its 200-day moving average is $337.67. The company has a market cap of $191.40 billion, a price-to-earnings ratio of 25.87, a P/E/G ratio of 3.11 and a beta of 1.21. Accenture plc has a one year low of $278.69 and a one year high of $387.51.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 EPS for the quarter, topping the consensus estimate of $2.66 by $0.11. The business had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $15.85 billion. Accenture had a return on equity of 28.30% and a net margin of 10.89%. The firm’s revenue was down .1% compared to the same quarter last year. During the same quarter last year, the business posted $2.69 EPS. On average, sell-side analysts anticipate that Accenture plc will post 12.07 EPS for the current fiscal year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th were issued a $1.29 dividend. The ex-dividend date of this dividend was Wednesday, April 10th. This represents a $5.16 annualized dividend and a yield of 1.81%. Accenture’s dividend payout ratio is currently 46.78%.

Insiders Place Their Bets

In related news, General Counsel Joel Unruch sold 4,333 shares of the company’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $316.12, for a total value of $1,369,747.96. Following the transaction, the general counsel now directly owns 30,702 shares in the company, valued at $9,705,516.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, General Counsel Joel Unruch sold 4,333 shares of the stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $316.12, for a total transaction of $1,369,747.96. Following the sale, the general counsel now owns 30,702 shares of the company’s stock, valued at $9,705,516.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO John F. Walsh sold 8,000 shares of Accenture stock in a transaction on Monday, March 25th. The shares were sold at an average price of $332.13, for a total value of $2,657,040.00. Following the completion of the transaction, the chief operating officer now directly owns 17,877 shares of the company’s stock, valued at $5,937,488.01. The disclosure for this sale can be found here. Insiders sold 28,083 shares of company stock worth $8,959,325 over the last three months. Insiders own 0.07% of the company’s stock.

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.