Sivia Capital Partners LLC Trims Holdings in Accenture plc (NYSE:ACN)

Sivia Capital Partners LLC trimmed its position in Accenture plc (NYSE:ACN) by 5.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Visionary Wealth Advisors grew its stake in Accenture by 3.5% during the 4th quarter. Visionary Wealth Advisors now owns 778 shares of the information technology services provider’s stock worth $274,000 after purchasing an additional 26 shares in the last quarter. Vivaldi Capital Management LP grew its stake in Accenture by 3.6% during the 4th quarter. Vivaldi Capital Management LP now owns 782 shares of the information technology services provider’s stock worth $292,000 after purchasing an additional 27 shares in the last quarter. Newbridge Financial Services Group Inc. grew its stake in Accenture by 5.7% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 518 shares of the information technology services provider’s stock worth $182,000 after purchasing an additional 28 shares in the last quarter. FPC Investment Advisory Inc. grew its stake in 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 in the last quarter. Finally, New England Professional Planning Group Inc. grew its stake in Accenture by 4.6% during the 4th quarter. New England Professional Planning Group Inc. now owns 655 shares of the information technology services provider’s stock worth $230,000 after purchasing an additional 29 shares in the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wall Street Zen cut Accenture from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. Baird R W raised Accenture from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Guggenheim lowered their price objective on Accenture from $400.00 to $395.00 and set a “buy” rating for the company in a research report on Friday, March 21st. UBS Group reaffirmed a “buy” rating and set a $395.00 price objective (up from $390.00) on shares of Accenture in a research report on Thursday, May 22nd. Finally, 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 report on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $382.14.

Accenture Stock Up 0.7%

ACN opened at $317.49 on Friday. The business has a 50 day moving average price of $303.15 and a two-hundred day moving average price of $337.11. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The company has a market cap 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 52 week low of $275.01 and a 52 week high of $398.35.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, beating the consensus estimate of $2.81 by $0.01. The firm 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 firm’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.77 EPS. As a group, research analysts anticipate that Accenture plc will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th were given a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 1.86%. The ex-dividend date was Thursday, April 10th. Accenture’s payout ratio is 48.89%.

Insiders Place Their Bets

In related news, COO John F. Walsh sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $325.00, for a total value of $812,500.00. Following the sale, the chief operating officer now owns 15,882 shares in the company, valued at $5,161,650. This represents a 13.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Julie Spellman Sweet sold 2,284 shares of the company’s stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $281.63, for a total value of $643,242.92. Following the completion of the sale, the chief executive officer now owns 9,965 shares in the company, valued at approximately $2,806,442.95. This represents a 18.65% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,516 shares of company stock worth $2,507,366. Company insiders own 0.02% of the company’s stock.

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.