Accenture plc (NYSE:ACN) Shares Sold by Stevens Capital Management LP

Stevens Capital Management LP decreased its position in shares of Accenture plc (NYSE:ACN) by 66.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 6,430 shares of the information technology services provider’s stock after selling 12,477 shares during the period. Stevens Capital Management LP’s holdings in Accenture were worth $2,256,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ACN. Chilton Capital Management LLC increased its holdings in Accenture by 180.0% during the 4th quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 45 shares during the period. Halpern Financial Inc. purchased a new stake in Accenture during the 4th quarter worth about $31,000. BluePath Capital Management LLC purchased a new stake in Accenture during the 3rd quarter worth about $31,000. Valued Wealth Advisors LLC purchased a new stake in Accenture during the 4th quarter worth about $50,000. Finally, Valley National Advisers Inc. increased its holdings in Accenture by 40.3% during the 3rd quarter. Valley National Advisers Inc. now owns 167 shares of the information technology services provider’s stock worth $51,000 after purchasing an additional 48 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Buying and Selling

In other news, CEO Manish Sharma sold 1,486 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $370.39, for a total value of $550,399.54. Following the completion of the transaction, the chief executive officer now directly owns 4,503 shares of the company’s stock, valued at $1,667,866.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Manish Sharma sold 1,486 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $370.39, for a total value of $550,399.54. Following the completion of the transaction, the chief executive officer now directly owns 4,503 shares in the company, valued at $1,667,866.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kathleen R. Mcclure sold 851 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $371.77, for a total value of $316,376.27. Following the completion of the transaction, the chief financial officer now owns 50,737 shares of the company’s stock, valued at $18,862,494.49. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,490 shares of company stock valued at $10,592,664. 0.07% of the stock is owned by insiders.

Accenture Stock Down 0.3 %

Shares of Accenture stock traded down $0.99 during trading on Friday, reaching $308.01. The company’s stock had a trading volume of 3,371,567 shares, compared to its average volume of 2,435,283. Accenture plc has a 12-month low of $261.68 and a 12-month high of $387.51. The company has a market capitalization of $206.59 billion, a P/E ratio of 27.92, a price-to-earnings-growth ratio of 2.97 and a beta of 1.19. The business has a 50 day moving average price of $350.89 and a 200-day moving average price of $341.97.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.11. Accenture had a return on equity of 28.30% and a net margin of 10.89%. The firm had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $15.85 billion. During the same period in the previous year, the business earned $2.69 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. Research analysts predict that Accenture plc will post 12.09 EPS for the current fiscal year.

Accenture Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 11th will be issued a dividend of $1.29 per share. The ex-dividend date is Wednesday, April 10th. This represents a $5.16 annualized dividend and a yield of 1.68%. Accenture’s dividend payout ratio is presently 46.78%.

Wall Street Analysts Forecast Growth

ACN has been the topic of a number of recent analyst reports. StockNews.com upgraded Accenture from a “hold” rating to a “buy” rating in a report on Friday, April 19th. TD Cowen dropped their price objective on Accenture from $363.00 to $350.00 and set a “market perform” rating on the stock in a report on Friday, March 22nd. UBS Group increased their price objective on Accenture from $365.00 to $400.00 and gave the company a “neutral” rating in a report on Thursday, January 25th. Robert W. Baird increased their price objective on Accenture from $364.00 to $375.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. Finally, BMO Capital Markets dropped their price objective on Accenture from $385.00 to $375.00 and set a “market perform” rating on the stock in a report on Friday, March 22nd. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $387.00.

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.