Accenture PLC (NYSE:ACN) Shares Sold by Sava Infond d.o.o.

Sava Infond d.o.o. reduced its holdings in Accenture PLC (NYSE:ACN) by 6.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,470 shares of the information technology services provider’s stock after selling 900 shares during the quarter. Sava Infond d.o.o.’s holdings in Accenture were worth $3,891,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in ACN. Kohmann Bosshard Financial Services LLC acquired a new position in Accenture in the fourth quarter valued at $30,000. Mpwm Advisory Solutions LLC acquired a new position in Accenture in the fourth quarter valued at $30,000. Park Square Financial Group LLC acquired a new position in Accenture in the fourth quarter valued at $31,000. Inlight Wealth Management LLC acquired a new position in Accenture in the first quarter valued at $32,000. Finally, Promus Capital LLC acquired a new position in Accenture in the fourth quarter valued at $34,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO John F. Walsh sold 2,500 shares of the firm’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $325.00, for a total transaction of $812,500.00. Following the transaction, the chief operating officer now directly owns 15,882 shares in the company, valued at $5,161,650. This trade represents a 13.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Angela Beatty sold 169 shares of the firm’s 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 transaction, the insider now owns 5,364 shares in the company, valued at $1,512,111.60. This trade represents a 3.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,516 shares of company stock valued at $2,507,366 in the last quarter. Insiders own 0.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ACN shares. Barclays dropped their price target on Accenture from $390.00 to $360.00 and set an “overweight” rating for the company in a research note on Monday. Guggenheim dropped their price target on Accenture from $360.00 to $335.00 and set a “buy” rating for the company in a research note on Monday. Benchmark restated a “mixed” rating on shares of Accenture in a research note on Friday. Morgan Stanley dropped their price target on Accenture from $372.00 to $340.00 and set an “equal weight” rating for the company in a research note on Thursday, June 12th. Finally, Wall Street Zen lowered Accenture from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Accenture has an average rating of “Moderate Buy” and an average target price of $374.00.

Accenture Trading Up 3.4%

Shares of ACN opened at $295.03 on Tuesday. The company has a market capitalization of $184.79 billion, a P/E ratio of 23.49, a P/E/G ratio of 2.85 and a beta of 1.33. Accenture PLC has a one year low of $273.19 and a one year high of $398.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.48 and a current ratio of 1.46. The stock has a 50-day moving average price of $307.08 and a 200 day moving average price of $333.04.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Friday, June 20th. The information technology services provider reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $3.32 by $0.17. The firm had revenue of $17.73 billion during the quarter, compared to the consensus estimate of $17.26 billion. Accenture had a return on equity of 26.55% and a net margin of 11.61%. Accenture’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.13 earnings per share. Sell-side analysts forecast that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 10th will be given a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Thursday, July 10th. Accenture’s payout ratio is currently 47.13%.

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.