FourThought Financial Partners LLC lowered its holdings in shares of Accenture PLC (NYSE:ACN – Free Report) by 16.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 24,952 shares of the information technology services provider’s stock after selling 5,052 shares during the period. FourThought Financial Partners LLC’s holdings in Accenture were worth $6,695,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Board of the Pension Protection Fund acquired a new stake in Accenture during the fourth quarter worth approximately $27,000. Laurel Wealth Advisors LLC acquired a new stake in Accenture during the fourth quarter worth approximately $27,000. Triumph Capital Management acquired a new stake in Accenture during the third quarter worth approximately $26,000. Private Wealth Management Group LLC lifted its position in Accenture by 96.4% during the fourth quarter. Private Wealth Management Group LLC now owns 108 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 53 shares during the last quarter. Finally, Steph & Co. lifted its position in Accenture by 107.5% during the fourth quarter. Steph & Co. now owns 110 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 57 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.
Accenture Stock Up 1.3%
Shares of ACN opened at $179.12 on Thursday. Accenture PLC has a one year low of $155.82 and a one year high of $322.86. The company has a market cap of $119.19 billion, a P/E ratio of 14.67, a P/E/G ratio of 1.68 and a beta of 1.08. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a 50 day simple moving average of $188.33 and a two-hundred day simple moving average of $229.64.
Accenture Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 9th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Thursday, April 9th. Accenture’s payout ratio is presently 53.40%.
Insider Buying and Selling at Accenture
In other Accenture news, CEO Atsushi Egawa sold 4,872 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $177.14, for a total transaction of $863,026.08. Following the sale, the chief executive officer owned 12,802 shares of the company’s stock, valued at approximately $2,267,746.28. The trade was a 27.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.02% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have issued reports on ACN shares. Morgan Stanley cut their price objective on shares of Accenture from $320.00 to $240.00 and set an “overweight” rating for the company in a research report on Monday, March 16th. TD Cowen dropped their price target on shares of Accenture from $282.00 to $275.00 and set a “buy” rating for the company in a research report on Monday, March 16th. Robert W. Baird dropped their price target on shares of Accenture from $330.00 to $265.00 and set an “outperform” rating for the company in a research report on Friday, March 20th. Mizuho dropped their price target on shares of Accenture from $309.00 to $280.00 and set an “outperform” rating for the company in a research report on Monday, March 23rd. Finally, Berenberg Bank began coverage on shares of Accenture in a research report on Thursday, January 22nd. They set a “buy” rating and a $313.00 price objective for the company. Seventeen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $274.50.
Get Our Latest Stock Report on Accenture
About Accenture
Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.
The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.
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