Evexia Wealth LLC Sells 52 Shares of Accenture plc (NYSE:ACN)

Evexia Wealth LLC lessened its holdings in Accenture plc (NYSE:ACN) by 0.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,001 shares of the information technology services provider’s stock after selling 52 shares during the quarter. Accenture makes up 3.5% of Evexia Wealth LLC’s holdings, making the stock its 12th largest holding. Evexia Wealth LLC’s holdings in Accenture were worth $9,598,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Accenture by 36.2% during the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock worth $6,486,000 after buying an additional 4,905 shares in the last quarter. Telos Capital Management Inc. grew its position in shares of Accenture by 3.8% during the 4th quarter. Telos Capital Management Inc. now owns 7,664 shares of the information technology services provider’s stock worth $2,696,000 after buying an additional 283 shares in the last quarter. Strategic Financial Concepts LLC grew its position in shares of Accenture by 29,326.4% during the 4th quarter. Strategic Financial Concepts LLC now owns 233,940 shares of the information technology services provider’s stock worth $82,000 after buying an additional 233,145 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Accenture by 1.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,510,805 shares of the information technology services provider’s stock worth $531,486,000 after buying an additional 19,292 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Accenture by 3.6% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 112,398 shares of the information technology services provider’s stock worth $39,540,000 after buying an additional 3,886 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ACN. Stifel Nicolaus dropped their price objective on Accenture from $390.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Mizuho dropped their price objective on Accenture from $428.00 to $398.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 19th. Royal Bank of Canada dropped their price objective on Accenture from $399.00 to $392.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. Barclays dropped their price objective on Accenture from $415.00 to $390.00 and set an “overweight” rating on the stock in a research report on Monday, March 24th. Finally, BMO Capital Markets raised their price objective on Accenture to $355.00 and gave the company a “hold” rating in a research report on Wednesday, March 26th. Seven research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $382.14.

Insider Buying and Selling at Accenture

In other news, COO John F. Walsh sold 2,500 shares of the business’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 completion of the sale, the chief operating officer now directly owns 15,882 shares in the company, valued at $5,161,650. The trade was a 13.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Joel Unruch sold 3,563 shares of the business’s stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $281.78, for a total value of $1,003,982.14. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,516 shares of company stock valued at $2,507,366. 0.02% of the stock is owned by company insiders.

Accenture Trading Up 0.7%

Accenture stock opened at $317.49 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. Accenture plc has a 52 week low of $275.01 and a 52 week high of $398.35. The company has a market capitalization of $198.85 billion, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 3.23 and a beta of 1.33. The stock has a 50-day moving average price of $303.15 and a 200 day moving average price of $337.25.

Accenture (NYSE:ACN) last released its earnings results on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, topping 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 firm had revenue of $16.70 billion during the quarter, compared to the consensus estimate of $16.64 billion. During the same quarter in the previous year, the company posted $2.77 earnings per share. The company’s revenue was up 5.7% compared to the same quarter last year. Sell-side analysts anticipate that Accenture plc will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th were issued a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date was 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.