Accenture plc (NYSE:ACN) Shares Sold by Dnca Finance

Dnca Finance cut its holdings in shares of Accenture plc (NYSE:ACN) by 24.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 15,000 shares of the information technology services provider’s stock after selling 4,900 shares during the period. Dnca Finance’s holdings in Accenture were worth $5,277,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Morse Asset Management Inc acquired a new position in shares of Accenture during the 3rd quarter valued at $25,000. SkyView Investment Advisors LLC raised its position in Accenture by 1.9% during the third quarter. SkyView Investment Advisors LLC now owns 1,796 shares of the information technology services provider’s stock valued at $635,000 after buying an additional 33 shares during the period. Anchor Investment Management LLC lifted its position in shares of Accenture by 8.4% in the third quarter. Anchor Investment Management LLC now owns 6,135 shares of the information technology services provider’s stock worth $2,169,000 after purchasing an additional 474 shares in the last quarter. Arvest Bank Trust Division acquired a new stake in shares of Accenture during the 3rd quarter valued at $18,115,000. Finally, Wilmington Savings Fund Society FSB boosted its position in Accenture by 2.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 41,175 shares of the information technology services provider’s stock valued at $14,555,000 after purchasing an additional 1,015 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Insider Buying and Selling

In other news, CEO Julie Spellman Sweet sold 2,284 shares of the business’s stock in a transaction on Friday, April 11th. The shares were sold at an average price of $281.63, for a total value of $643,242.92. Following the sale, the chief executive officer now owns 9,965 shares of the company’s stock, valued at $2,806,442.95. The trade was a 18.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Angela Beatty sold 169 shares of the stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $281.90, for a total transaction of $47,641.10. Following the transaction, the insider now owns 5,364 shares of the company’s stock, valued at approximately $1,512,111.60. This represents a 3.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,778 shares of company stock valued at $8,408,087. 0.02% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on ACN. StockNews.com downgraded shares of Accenture from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. Barclays reduced their price objective on Accenture from $415.00 to $390.00 and set an “overweight” rating for the company in a research report on Monday, March 24th. BMO Capital Markets upped their price target on Accenture to $355.00 and gave the company a “hold” rating in a report on Wednesday, March 26th. Wolfe Research upgraded shares of Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 target price on the stock in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus lowered their price target on Accenture from $390.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Accenture has an average rating of “Moderate Buy” and an average target price of $377.82.

Accenture Stock Down 1.0 %

Shares of ACN opened at $282.28 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. Accenture plc has a 52 week low of $275.01 and a 52 week high of $398.35. The firm has a market capitalization of $176.80 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 3.23 and a beta of 1.32. The business’s fifty day moving average price is $326.22 and its two-hundred day moving average price is $349.73.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.01. The firm had revenue of $16.70 billion for 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 period last year, the firm earned $2.77 earnings per share. On average, analysts predict that Accenture plc will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th will be paid a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 2.10%. The ex-dividend date is Thursday, April 10th. Accenture’s payout ratio is presently 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.