Trivium Point Advisory LLC Sells 155 Shares of Accenture PLC (NYSE:ACN)

Trivium Point Advisory LLC lowered its position in Accenture PLC (NYSE:ACN) by 7.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,914 shares of the information technology services provider’s stock after selling 155 shares during the period. Trivium Point Advisory LLC’s holdings in Accenture were worth $597,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Kovitz Investment Group Partners LLC grew its holdings in shares of Accenture by 16.3% in the first quarter. Kovitz Investment Group Partners LLC now owns 80,411 shares of the information technology services provider’s stock worth $25,092,000 after acquiring an additional 11,278 shares during the period. Cookson Peirce & Co. Inc. grew its holdings in shares of Accenture by 17.3% in the first quarter. Cookson Peirce & Co. Inc. now owns 3,006 shares of the information technology services provider’s stock worth $938,000 after acquiring an additional 444 shares during the period. Vestmark Advisory Solutions Inc. grew its holdings in shares of Accenture by 87.4% in the first quarter. Vestmark Advisory Solutions Inc. now owns 16,484 shares of the information technology services provider’s stock worth $5,144,000 after acquiring an additional 7,688 shares during the period. Lord Abbett & CO. LLC grew its holdings in shares of Accenture by 11.4% in the first quarter. Lord Abbett & CO. LLC now owns 339,179 shares of the information technology services provider’s stock worth $105,837,000 after acquiring an additional 34,675 shares during the period. Finally, Sit Investment Associates Inc. raised its holdings in Accenture by 3.0% in the 1st quarter. Sit Investment Associates Inc. now owns 81,261 shares of the information technology services provider’s stock worth $25,357,000 after purchasing an additional 2,329 shares during the period. Institutional investors own 75.14% of the company’s stock.

Insider Buying and Selling

In related news, CEO Julie Spellman Sweet sold 2,251 shares of Accenture stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.45, for a total value of $635,794.95. Following the completion of the transaction, the chief executive officer owned 8,109 shares in the company, valued at approximately $2,290,387.05. This trade represents a 21.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Mauro Macchi sold 500 shares of Accenture stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $141,170.00. Following the completion of the transaction, the chief executive officer owned 2,283 shares of the company’s stock, valued at approximately $644,582.22. This represents a 17.97% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,954 shares of company stock worth $834,280. Corporate insiders own 0.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. BMO Capital Markets decreased their target price on Accenture from $355.00 to $325.00 and set a “market perform” rating on the stock in a report on Monday, June 23rd. Barclays decreased their target price on Accenture from $390.00 to $360.00 and set an “overweight” rating on the stock in a report on Monday, June 23rd. Morgan Stanley decreased their target price on Accenture from $340.00 to $325.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 24th. Hsbc Global Res raised Accenture to a “moderate sell” rating in a report on Monday, July 28th. Finally, Argus set a $370.00 target price on Accenture in a report on Tuesday, June 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Accenture has a consensus rating of “Moderate Buy” and an average target price of $360.21.

Accenture Trading Up 0.2%

Shares of Accenture stock opened at $246.07 on Friday. The firm has a market cap of $154.12 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 2.24 and a beta of 1.29. The business has a 50-day moving average price of $285.33 and a 200-day moving average price of $312.52. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. Accenture PLC has a twelve month low of $236.67 and a twelve month high of $398.35.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $3.32 by $0.17. The firm had revenue of $17.73 billion during the quarter, compared to analyst estimates of $17.26 billion. Accenture had a return on equity of 26.55% and a net margin of 11.61%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $3.13 earnings per share. Equities research analysts anticipate that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 10th will be given a $1.48 dividend. The ex-dividend date is Thursday, July 10th. This represents a $5.92 annualized dividend and a yield of 2.4%. Accenture’s dividend payout ratio (DPR) is currently 47.13%.

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.