Accenture plc (NYSE:ACN) Holdings Trimmed by First County Bank CT

First County Bank CT lowered its position in shares of Accenture plc (NYSE:ACN) by 11.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 888 shares of the information technology services provider’s stock after selling 119 shares during the period. First County Bank CT’s holdings in Accenture were worth $277,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ACN shares. Piper Sandler decreased their price target on Accenture from $364.00 to $355.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Robert W. Baird upgraded Accenture from a “neutral” rating to an “outperform” rating and set a $390.00 price target for the company in a research report on Monday, March 17th. Baird R W upgraded Accenture from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Mizuho decreased their price target on Accenture from $428.00 to $398.00 and set an “outperform” rating for the company in a research report on Wednesday, March 19th. Finally, Stifel Nicolaus reduced 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. Seven 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $382.14.

Accenture Stock Down 0.3%

ACN opened at $316.71 on Friday. Accenture plc has a fifty-two week low of $275.01 and a fifty-two week high of $398.35. The business has a 50-day moving average of $302.63 and a 200-day moving average of $338.74. 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 $198.36 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 3.23 and a beta of 1.35.

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

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, April 10th were paid a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Thursday, April 10th. Accenture’s payout ratio is 48.89%.

Insider Activity at Accenture

In other Accenture news, General Counsel Joel Unruch sold 3,563 shares of the firm’s stock in a transaction that occurred 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 sale, the general counsel now owns 17,237 shares of the company’s stock, valued at $4,857,041.86. This trade represents a 17.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Julie Spellman Sweet sold 2,284 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 9,965 shares in the company, valued at $2,806,442.95. This trade represents a 18.65% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,516 shares of company stock valued at $2,507,366. Corporate 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.