Trust Co. of Oklahoma Sells 104 Shares of Accenture plc (NYSE:ACN)

Trust Co. of Oklahoma cut its stake in Accenture plc (NYSE:ACN) by 0.8% in the first quarter, HoldingsChannel.com reports. The fund owned 13,110 shares of the information technology services provider’s stock after selling 104 shares during the period. Accenture makes up 1.6% of Trust Co. of Oklahoma’s investment portfolio, making the stock its 16th largest position. Trust Co. of Oklahoma’s holdings in Accenture were worth $4,544,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Chilton Capital Management LLC grew its position in shares of Accenture by 180.0% in the 4th quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 45 shares during the period. DiNuzzo Private Wealth Inc. bought a new stake in shares of Accenture during the fourth quarter worth $27,000. Annapolis Financial Services LLC raised its holdings in shares of Accenture by 507.7% during the first quarter. Annapolis Financial Services LLC now owns 79 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 66 shares during the period. Ables Iannone Moore & Associates Inc. bought a new stake in Accenture in the 4th quarter valued at $29,000. Finally, Atwood & Palmer Inc. increased its holdings in Accenture by 214.8% during the 1st quarter. Atwood & Palmer Inc. now owns 85 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 58 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Accenture

In other Accenture news, CFO Kathleen R. Mcclure sold 4,500 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $316.00, for a total value of $1,422,000.00. Following the completion of the transaction, the chief financial officer now owns 42,781 shares of the company’s stock, valued at approximately $13,518,796. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Accenture news, CFO Kathleen R. Mcclure sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $316.00, for a total value of $1,422,000.00. Following the completion of the transaction, the chief financial officer now directly owns 42,781 shares in the company, valued at approximately $13,518,796. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the transaction, the insider now owns 13,699 shares in the company, valued at approximately $4,208,606.78. The disclosure for this sale can be found here. Insiders have sold 20,083 shares of company stock worth $6,302,285 over the last quarter. Corporate insiders own 0.07% of the company’s stock.

Accenture Price Performance

ACN traded up $1.92 during trading on Wednesday, hitting $305.75. 1,751,182 shares of the stock traded hands, compared to its average volume of 2,899,779. The business has a 50 day moving average price of $299.60 and a 200 day moving average price of $335.48. Accenture plc has a twelve month low of $278.69 and a twelve month high of $387.51. The company has a market cap of $191.61 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 3.38 and a beta of 1.23.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, June 20th. The information technology services provider reported $3.13 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). Accenture had a return on equity of 27.48% and a net margin of 10.79%. The business had revenue of $16.47 billion for the quarter, compared to analyst estimates of $16.55 billion. During the same period last year, the firm posted $3.19 EPS. Accenture’s quarterly revenue was down .6% on a year-over-year basis. On average, equities research analysts predict that Accenture plc will post 11.95 earnings per share for the current year.

Accenture Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 11th will be paid a $1.29 dividend. This represents a $5.16 annualized dividend and a yield of 1.69%. The ex-dividend date is Thursday, July 11th. Accenture’s payout ratio is 47.25%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. 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. BMO Capital Markets reduced their price target on Accenture from $375.00 to $350.00 and set a “market perform” rating for the company in a research report on Friday, June 21st. Stifel Nicolaus cut their price objective 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. Bank of America decreased their target price on shares of Accenture from $419.00 to $365.00 and set a “buy” rating for the company in a research report on Wednesday, June 5th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Accenture from a “buy” rating to a “hold” rating and cut their price target for the stock from $409.00 to $295.00 in a research report on Wednesday, May 15th. Twelve research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $352.74.

Accenture 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.