Accenture plc (NYSE:ACN) Stock Holdings Lessened by Interchange Capital Partners LLC

Interchange Capital Partners LLC trimmed its stake in Accenture plc (NYSE:ACN) by 4.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 842 shares of the information technology services provider’s stock after selling 40 shares during the quarter. Interchange Capital Partners LLC’s holdings in Accenture were worth $296,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Morse Asset Management Inc purchased a new position in Accenture in the 3rd quarter worth about $25,000. FPC Investment Advisory Inc. increased its position in shares of Accenture by 62.2% in the fourth quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock worth $28,000 after acquiring an additional 28 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Accenture during the fourth quarter valued at approximately $30,000. POM Investment Strategies LLC lifted 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 acquiring an additional 34 shares in the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new position in Accenture during the 4th quarter worth approximately $34,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Accenture Stock Performance

Shares of ACN opened at $307.24 on Tuesday. 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 plc has a one year low of $278.69 and a one year high of $398.35. The company’s fifty day moving average price is $358.32 and its 200 day moving average price is $357.10. The company has a market capitalization of $192.27 billion, a PE ratio of 25.78, a price-to-earnings-growth ratio of 3.23 and a beta of 1.24.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.01. The business had revenue of $16.70 billion during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm earned $2.77 EPS. As a group, analysts expect that Accenture plc will post 12.73 earnings per share for the current year.

Accenture Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 10th will be paid a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 1.93%. The ex-dividend date is Thursday, April 10th. Accenture’s payout ratio is currently 48.89%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ACN. Mizuho reduced their target price on Accenture from $428.00 to $398.00 and set an “outperform” rating for the company in a report on Wednesday, March 19th. Piper Sandler reduced their price objective on Accenture from $396.00 to $364.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. The Goldman Sachs Group raised Accenture from a “neutral” rating to a “buy” rating and lifted their target price for the company from $370.00 to $420.00 in a research note on Friday, December 6th. Guggenheim decreased their price target on shares of Accenture from $400.00 to $395.00 and set a “buy” rating for the company in a report on Friday. Finally, Barclays dropped their price objective on shares of Accenture from $415.00 to $390.00 and set an “overweight” rating on the stock in a research note on Monday. Eight investment 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $378.91.

Insiders Place Their Bets

In other news, CEO Julie Spellman Sweet sold 2,497 shares of the stock in a transaction on Friday, January 17th. The shares were sold at an average price of $354.48, for a total value of $885,136.56. Following the completion of the transaction, the chief executive officer now owns 28,866 shares in the company, valued at approximately $10,232,419.68. This represents a 7.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Melissa A. Burgum sold 1,487 shares of Accenture stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $354.54, for a total transaction of $527,200.98. Following the sale, the chief accounting officer now owns 9,247 shares in the company, valued at approximately $3,278,431.38. This trade represents a 13.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,905 shares of company stock worth $8,181,753 in the last ninety days. 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.