Accenture PLC (NYSE:ACN) Stock Holdings Lifted by Calamos Wealth Management LLC

Calamos Wealth Management LLC increased its position in Accenture PLC (NYSE:ACN) by 65.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 8,485 shares of the information technology services provider’s stock after purchasing an additional 3,358 shares during the period. Calamos Wealth Management LLC’s holdings in Accenture were worth $2,648,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC purchased a new position in shares of Accenture during the fourth quarter valued at $30,000. Park Square Financial Group LLC purchased a new stake in Accenture in the 4th quarter worth about $31,000. Inlight Wealth Management LLC acquired a new stake in Accenture during the 1st quarter worth about $32,000. Promus Capital LLC acquired a new position in shares of Accenture in the 4th quarter valued at about $34,000. Finally, Capital A Wealth Management LLC acquired a new stake in shares of Accenture during the fourth quarter worth approximately $34,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Accenture Price Performance

Shares of Accenture stock opened at $304.58 on Friday. The firm has a fifty day moving average price of $309.33 and a two-hundred day moving average price of $330.04. Accenture PLC has a fifty-two week low of $273.19 and a fifty-two week high of $398.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market cap of $190.76 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 2.84 and a beta of 1.29.

Accenture (NYSE:ACN) last released its earnings results on Friday, June 20th. The information technology services provider reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.32 by $0.17. The business had revenue of $17.73 billion for the quarter, compared to the consensus estimate of $17.26 billion. Accenture had a return on equity of 26.55% and a net margin of 11.61%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the business earned $3.13 earnings per share. Analysts expect that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 10th will be paid a $1.48 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.94%. Accenture’s payout ratio is 47.13%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ACN shares. Argus set a $370.00 target price on shares of Accenture in a research note on Tuesday, June 24th. BMO Capital Markets lowered their target price on Accenture from $355.00 to $325.00 and set a “market perform” rating on the stock in a research note on Monday, June 23rd. JPMorgan Chase & Co. increased their price objective on Accenture from $349.00 to $353.00 and gave the stock an “overweight” rating in a report on Monday, June 16th. Mizuho set a $348.00 price target on Accenture and gave the stock an “outperform” rating in a research report on Tuesday, June 24th. Finally, Piper Sandler lowered their price objective on Accenture from $364.00 to $355.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $370.71.

Insider Buying and Selling at Accenture

In related news, COO John F. Walsh sold 2,500 shares of the company’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $325.00, for a total value of $812,500.00. Following the sale, the chief operating officer owned 15,882 shares of the company’s stock, valued at $5,161,650. The trade was a 13.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Julie Spellman Sweet sold 2,284 shares of the firm’s stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $281.63, for a total transaction of $643,242.92. Following the transaction, the chief executive officer owned 9,965 shares of the company’s stock, valued at approximately $2,806,442.95. This represents a 18.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,516 shares of company stock worth $2,507,366 over the last three months. 0.02% of the stock is currently owned by corporate insiders.

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.