Trust Co. of Toledo NA OH lowered its stake in shares of Accenture PLC (NYSE:ACN – Free Report) by 9.6% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 4,062 shares of the information technology services provider’s stock after selling 430 shares during the period. Trust Co. of Toledo NA OH’s holdings in Accenture were worth $1,214,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Accenture during the first quarter valued at about $31,000. Inlight Wealth Management LLC acquired a new position in shares of Accenture during the first quarter valued at about $32,000. RMG Wealth Management LLC acquired a new position in shares of Accenture during the second quarter valued at about $33,000. WPG Advisers LLC acquired a new position in Accenture in the first quarter worth about $42,000. Finally, Cheviot Value Management LLC bought a new position in Accenture during the first quarter worth about $43,000. Institutional investors and hedge funds own 75.14% of the company’s stock.
Accenture Stock Performance
NYSE ACN opened at $241.11 on Friday. The firm has a market cap of $151.01 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 2.10 and a beta of 1.28. The company has a 50 day moving average of $247.45 and a 200-day moving average of $281.37. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. Accenture PLC has a 1-year low of $229.40 and a 1-year high of $398.35.
Accenture Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be issued a $1.63 dividend. This is an increase from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, October 10th. Accenture’s dividend payout ratio (DPR) is 48.72%.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on ACN shares. Robert W. Baird lowered their price objective on Accenture from $350.00 to $330.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Benchmark reiterated a “mixed” rating on shares of Accenture in a research note on Friday, June 20th. Barclays lowered their price objective on Accenture from $390.00 to $360.00 and set an “overweight” rating on the stock in a research note on Monday, June 23rd. Morgan Stanley lowered their price objective on Accenture from $325.00 to $271.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 9th. Finally, Rothschild & Co Redburn upped their price objective on Accenture from $250.00 to $255.00 in a research note on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Accenture currently has a consensus rating of “Moderate Buy” and an average target price of $300.22.
Read Our Latest Stock Analysis on ACN
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.
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