JFS Wealth Advisors LLC Has $972,000 Stock Holdings in Accenture PLC (NYSE:ACN)

JFS Wealth Advisors LLC decreased its stake in shares of Accenture PLC (NYSE:ACN) by 1.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,116 shares of the information technology services provider’s stock after selling 37 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Accenture were worth $972,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Kohmann Bosshard Financial Services LLC acquired a new stake in Accenture in the fourth quarter valued at $30,000. Mpwm Advisory Solutions LLC acquired a new stake in Accenture in the 4th quarter valued at about $30,000. Park Square Financial Group LLC bought a new position in Accenture during the fourth quarter worth about $31,000. Inlight Wealth Management LLC acquired a new position in Accenture during the first quarter worth approximately $32,000. Finally, Promus Capital LLC bought a new stake in Accenture in the fourth quarter valued at approximately $34,000. Institutional investors own 75.14% of the company’s stock.

Accenture Stock Performance

NYSE:ACN opened at $295.03 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.48 and a current ratio of 1.46. Accenture PLC has a fifty-two week low of $273.19 and a fifty-two week high of $398.35. The company has a market cap of $184.79 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 2.85 and a beta of 1.33. The stock has a fifty day moving average price of $307.08 and a 200-day moving average price of $333.04.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.32 by $0.17. The firm had revenue of $17.73 billion for the quarter, compared to the consensus estimate of $17.26 billion. Accenture had a net margin of 11.61% and a return on equity of 26.55%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $3.13 earnings per share. As a group, equities analysts anticipate that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 10th will be given a dividend of $1.48 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $5.92 annualized dividend and a yield of 2.01%. Accenture’s dividend payout ratio is currently 47.13%.

Insiders Place Their Bets

In related news, CEO Julie Spellman Sweet sold 2,284 shares of the company’s stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $281.63, for a total transaction of $643,242.92. Following the completion of the transaction, the chief executive officer now directly owns 9,965 shares in the company, valued at $2,806,442.95. This represents a 18.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO John F. Walsh sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $325.00, for a total transaction of $812,500.00. Following the completion of the sale, the chief operating officer now owns 15,882 shares in the company, valued at $5,161,650. This represents a 13.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,516 shares of company stock worth $2,507,366 over the last three months. Insiders own 0.02% of the company’s stock.

Analyst Ratings Changes

ACN has been the subject of several research analyst reports. Royal Bank Of Canada reduced their target price on Accenture from $399.00 to $392.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. Wall Street Zen cut shares of Accenture from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. Baird R W raised shares of Accenture from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. UBS Group reaffirmed a “buy” rating and set a $395.00 target price (up previously from $390.00) on shares of Accenture in a report on Thursday, May 22nd. Finally, Morgan Stanley decreased their price target on shares of Accenture from $372.00 to $340.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 12th. Seven investment 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. According to MarketBeat, Accenture has an average rating of “Moderate Buy” and a consensus target price of $374.00.

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.