4,034 Shares in Accenture plc (NYSE:ACN) Purchased by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP acquired a new position in Accenture plc (NYSE:ACN) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 4,034 shares of the information technology services provider’s stock, valued at approximately $1,419,000.

Other large investors also recently modified their holdings of the company. FPC Investment Advisory Inc. raised its holdings in shares of Accenture by 62.2% in 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 acquired a new stake in shares of Accenture in the fourth quarter valued at about $30,000. POM Investment Strategies LLC grew its stake in shares of Accenture by 64.2% in the fourth quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock valued at $31,000 after buying an additional 34 shares in the last quarter. Retirement Wealth Solutions LLC acquired a new stake in shares of Accenture in the fourth quarter valued at about $34,000. Finally, Promus Capital LLC acquired a new stake in Accenture during the 4th quarter valued at approximately $34,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Accenture Stock Up 4.7%

Shares of Accenture stock opened at $322.32 on Tuesday. Accenture plc has a 1-year low of $275.01 and a 1-year high of $398.35. The company has a market capitalization of $201.88 billion, a P/E ratio of 27.04, a PEG ratio of 3.23 and a beta of 1.35. The business’s fifty day moving average price is $303.84 and its two-hundred day moving average price is $342.08. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share (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 analysts’ expectations of $16.64 billion. During the same period last year, the firm earned $2.77 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, research analysts forecast that Accenture plc will post 12.73 EPS for the current year.

Accenture Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th will be given a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Thursday, April 10th. Accenture’s dividend payout ratio (DPR) is presently 48.89%.

Analysts Set New Price Targets

ACN has been the subject of a number of recent analyst reports. Stifel Nicolaus lowered their price objective on Accenture from $390.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Mizuho lowered their price objective on Accenture from $428.00 to $398.00 and set an “outperform” rating for the company in a research note on Wednesday, March 19th. BMO Capital Markets raised their price objective on Accenture to $355.00 and gave the company a “hold” rating in a research note on Wednesday, March 26th. Guggenheim reduced 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. Finally, Baird R W raised Accenture from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Eight 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $377.82.

Insider Activity

In related news, General Counsel Joel Unruch sold 3,563 shares of Accenture stock in a transaction on Friday, April 11th. The stock was sold at an average price of $281.78, for a total value of $1,003,982.14. Following the transaction, the general counsel now directly owns 17,237 shares in the company, valued at $4,857,041.86. The trade was a 17.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Angela Beatty sold 169 shares of Accenture 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 completion of the transaction, the insider now owns 5,364 shares in the company, 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. In the last ninety days, insiders have sold 6,016 shares of company stock worth $1,694,866. 0.02% of the stock is owned by company insiders.

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.