Impact Capital Partners LLC Sells 433 Shares of Accenture plc (NYSE:ACN)

Impact Capital Partners LLC trimmed its position in Accenture plc (NYSE:ACN) by 9.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,998 shares of the information technology services provider’s stock after selling 433 shares during the period. Impact Capital Partners LLC’s holdings in Accenture were worth $1,248,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Verum Partners LLC raised its holdings in Accenture by 3.8% during the first quarter. Verum Partners LLC now owns 1,810 shares of the information technology services provider’s stock worth $565,000 after acquiring an additional 66 shares in the last quarter. SeaCrest Wealth Management LLC raised its holdings in Accenture by 7.8% during the first quarter. SeaCrest Wealth Management LLC now owns 2,693 shares of the information technology services provider’s stock worth $840,000 after acquiring an additional 194 shares in the last quarter. Unique Wealth LLC raised its holdings in Accenture by 21.9% during the first quarter. Unique Wealth LLC now owns 9,762 shares of the information technology services provider’s stock worth $3,046,000 after acquiring an additional 1,757 shares in the last quarter. Affinity Wealth Management LLC raised its holdings in Accenture by 1.1% during the first quarter. Affinity Wealth Management LLC now owns 14,715 shares of the information technology services provider’s stock worth $4,592,000 after acquiring an additional 153 shares in the last quarter. Finally, Avity Investment Management Inc. raised its holdings in Accenture by 0.4% during the first quarter. Avity Investment Management Inc. now owns 124,930 shares of the information technology services provider’s stock worth $38,983,000 after acquiring an additional 461 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors.

Accenture Price Performance

Accenture stock 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 stock’s 50 day moving average is $303.15 and its 200-day moving average is $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. The company has a market capitalization of $198.85 billion, a price-to-earnings ratio of 26.64, a PEG ratio of 3.23 and a beta of 1.33.

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

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, April 10th were given a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was Thursday, April 10th. Accenture’s dividend payout ratio is currently 48.89%.

Insider Buying and Selling

In other Accenture news, COO John F. Walsh sold 2,500 shares of the company’s stock in a transaction on Tuesday, May 13th. The stock was 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 represents a 13.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Angela Beatty sold 169 shares of the company’s stock in a transaction on Friday, April 11th. The stock was sold at an average price of $281.90, for a total value of $47,641.10. Following the sale, the insider now owns 5,364 shares of the company’s stock, valued at $1,512,111.60. The trade was 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 valued at $2,507,366 over the last 90 days. 0.02% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wall Street Zen lowered Accenture from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. Guggenheim dropped their target price on Accenture from $400.00 to $395.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Mizuho lowered their price target on Accenture from $428.00 to $398.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 19th. UBS Group reissued a “buy” rating and set a $395.00 price target (up previously from $390.00) on shares of Accenture in a research report on Thursday, May 22nd. Finally, Piper Sandler lowered their price target on Accenture from $364.00 to $355.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Seven investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $382.14.

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.