DRW Securities LLC trimmed its position in shares of Accenture plc (NYSE:ACN - Free Report) by 41.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,515 shares of the information technology services provider's stock after selling 1,757 shares during the period. DRW Securities LLC's holdings in Accenture were worth $885,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Morse Asset Management Inc acquired a new position in shares of Accenture during the third quarter valued at about $25,000. FPC Investment Advisory Inc. grew its holdings in shares of Accenture by 62.2% during the fourth 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 during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Accenture in the fourth quarter valued at about $30,000. POM Investment Strategies LLC grew its holdings in Accenture by 64.2% during the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider's stock worth $31,000 after acquiring an additional 34 shares during the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new stake in Accenture in the 4th quarter valued at about $34,000. 75.14% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In related news, CFO Angie Y. Park sold 685 shares of the business's stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $354.38, for a total transaction of $242,750.30. Following the transaction, the chief financial officer now directly owns 8,674 shares of the company's stock, valued at approximately $3,073,892.12. The trade was a 7.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Melissa A. Burgum sold 1,487 shares of Accenture stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $354.54, for a total transaction of $527,200.98. Following the transaction, the chief accounting officer now directly owns 9,247 shares of the company's stock, 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. Over the last three months, insiders have sold 27,921 shares of company stock valued at $9,876,619. 0.02% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of analysts recently weighed in on ACN shares. Morgan Stanley lowered their price target on shares of Accenture from $380.00 to $372.00 and set an "equal weight" rating for the company in a report on Monday, March 17th. BMO Capital Markets upped their price target on Accenture to $355.00 and gave the company a "hold" rating in a research note on Wednesday, March 26th. Barclays lowered their price objective on Accenture from $415.00 to $390.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. UBS Group lowered their price target on shares of Accenture from $455.00 to $387.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Finally, Jefferies Financial Group lowered their target price on shares of Accenture from $385.00 to $355.00 and set a "hold" rating for the company in a report on Tuesday, January 21st. Eight analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Accenture presently has a consensus rating of "Moderate Buy" and a consensus target price of $378.23.
Get Our Latest Stock Analysis on ACN
Accenture Stock Down 0.4 %
Shares of NYSE:ACN traded down $1.14 during mid-day trading on Tuesday, reaching $288.65. 1,413,862 shares of the stock were exchanged, compared to its average volume of 3,001,235. The company has a market cap of $180.79 billion, a P/E ratio of 24.22, a P/E/G ratio of 3.23 and a beta of 1.32. The stock's 50 day simple moving average is $334.44 and its 200-day simple moving average is $351.59. 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 one year low of $275.01 and a one year high of $398.35.
Accenture (NYSE:ACN - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.01. The firm had revenue of $16.70 billion for the quarter, compared to analyst estimates of $16.64 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The company's revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.77 EPS. As a group, equities research analysts predict that Accenture plc will post 12.73 EPS for the current year.
Accenture Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 10th will be issued a dividend of $1.48 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $5.92 dividend on an annualized basis and a yield of 2.05%. Accenture's payout ratio is 48.89%.
About Accenture
(
Free Report)
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.
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