Accenture plc (NYSE:ACN) Shares Sold by Intellectus Partners LLC

Intellectus Partners LLC decreased its position in shares of Accenture plc (NYSE:ACN) by 3.0% during the first quarter, Holdings Channel.com reports. The firm owned 2,531 shares of the information technology services provider’s stock after selling 77 shares during the period. Intellectus Partners LLC’s holdings in Accenture were worth $790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. FPC Investment Advisory Inc. grew its position in Accenture by 62.2% during the fourth quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock valued at $28,000 after buying an additional 28 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Accenture during the 4th quarter worth about $30,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Accenture during the 4th quarter valued at about $30,000. POM Investment Strategies LLC increased its stake in shares of Accenture by 64.2% in the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 34 shares in the last quarter. Finally, Park Square Financial Group LLC acquired a new position in Accenture in the 4th quarter worth about $31,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Accenture

In other Accenture news, COO John F. Walsh sold 2,500 shares of Accenture stock in a transaction dated 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 directly owns 15,882 shares in the company, valued at $5,161,650. This trade represents a 13.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Angela Beatty sold 169 shares of the business’s stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $281.90, for a total transaction of $47,641.10. Following the completion of the sale, the insider now directly owns 5,364 shares in the company, valued at $1,512,111.60. This trade represents a 3.05% decrease in their ownership of the stock. 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 quarter. 0.02% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wall Street Zen cut Accenture from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. Mizuho cut their price target on shares of Accenture from $428.00 to $398.00 and set an “outperform” rating for the company in a report on Wednesday, March 19th. Royal Bank of Canada decreased their price objective on shares of Accenture from $399.00 to $392.00 and set an “outperform” rating on the stock in a report on Friday, March 21st. Piper Sandler cut their target price on shares of Accenture from $364.00 to $355.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Finally, Guggenheim lowered their price objective on Accenture from $400.00 to $395.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Seven research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Accenture has an average rating of “Moderate Buy” and a consensus price target of $382.14.

Accenture Trading Up 0.7%

Shares of ACN opened at $317.49 on Friday. Accenture plc has a 12-month low of $275.01 and a 12-month high of $398.35. The firm has a market capitalization of $198.85 billion, a P/E ratio of 26.64, a P/E/G ratio of 3.23 and a beta of 1.33. The firm has a 50-day moving average price of $303.15 and a 200 day moving average price of $337.25. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.01. The business had revenue of $16.70 billion during the quarter, compared to analysts’ expectations of $16.64 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.77 EPS. Sell-side analysts forecast that Accenture plc will post 12.73 EPS for the current year.

Accenture Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th were paid a dividend of $1.48 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $5.92 annualized dividend and a yield of 1.86%. Accenture’s dividend payout ratio (DPR) is 48.89%.

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.