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

Sivia Capital Partners LLC lessened its stake in shares of Accenture plc (NYSE:ACN) by 5.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,406 shares of the information technology services provider’s stock after selling 84 shares during the quarter. Sivia Capital Partners LLC’s holdings in Accenture were worth $439,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ACN. FPC Investment Advisory Inc. lifted its stake in shares of Accenture by 62.2% during the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock worth $28,000 after purchasing an additional 28 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Accenture during the 4th quarter worth $30,000. Mpwm Advisory Solutions LLC purchased a new position in shares of Accenture during the 4th quarter worth $30,000. POM Investment Strategies LLC lifted its stake in shares of Accenture by 64.2% during the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 34 shares during the period. Finally, Park Square Financial Group LLC purchased a new position in shares of Accenture during the 4th quarter worth $31,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analyst Ratings Changes

ACN has been the topic of a number of recent analyst reports. Stifel Nicolaus reduced their price target on Accenture from $390.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Robert W. Baird raised Accenture from a “neutral” rating to an “outperform” rating and set a $390.00 price target on the stock in a research note on Monday, March 17th. Wall Street Zen lowered Accenture from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. Mizuho cut their target price on Accenture from $428.00 to $398.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 19th. Finally, UBS Group reaffirmed a “buy” rating and issued a $395.00 target price (up from $390.00) on shares of Accenture in a research report on Thursday, May 22nd. Seven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $382.14.

Accenture Stock Up 0.7%

Shares of Accenture stock opened at $317.49 on Friday. The business has a 50-day moving average of $303.15 and a 200-day moving average of $337.11. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. The company has a market capitalization of $198.85 billion, a PE ratio of 26.64, a P/E/G ratio of 3.23 and a beta of 1.33. Accenture plc has a 1-year low of $275.01 and a 1-year high of $398.35.

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

Accenture Announces Dividend

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

Insider Buying and Selling

In other Accenture news, insider Angela Beatty sold 169 shares of the firm’s stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $281.90, for a total value of $47,641.10. Following the transaction, the insider now owns 5,364 shares of the company’s stock, valued at $1,512,111.60. This trade represents a 3.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO John F. Walsh sold 2,500 shares of the firm’s stock in a transaction dated 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 transaction, 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 position. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,516 shares of company stock worth $2,507,366. Corporate insiders own 0.02% of the company’s stock.

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.