Accenture plc (NYSE:ACN) Shares Sold by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. cut its stake in shares of Accenture plc (NYSE:ACN - Free Report) by 51.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,437 shares of the information technology services provider's stock after selling 32,302 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Accenture were worth $10,707,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ACN. Morse Asset Management Inc acquired a new position in shares of Accenture during the third quarter worth about $25,000. FPC Investment Advisory Inc. increased its position in Accenture by 62.2% during the 4th 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 period. Kohmann Bosshard Financial Services LLC acquired a new position in Accenture during the fourth quarter worth $30,000. POM Investment Strategies LLC lifted its holdings in Accenture by 64.2% in the fourth 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 during the period. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Accenture during the 4th quarter worth $34,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Accenture news, General Counsel Joel Unruch sold 4,750 shares of the company's stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $362.78, for a total value of $1,723,205.00. Following the completion of the transaction, the general counsel now owns 20,526 shares in the company, valued at $7,446,422.28. This represents a 18.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Angela Beatty sold 961 shares of Accenture stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $354.47, for a total transaction of $340,645.67. Following the sale, the insider now owns 5,484 shares in the company, valued at $1,943,913.48. This represents a 14.91 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 21,905 shares of company stock valued at $8,181,753. Company insiders own 0.02% of the company's stock.

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Analysts Set New Price Targets

Several analysts recently commented on ACN shares. Stifel Nicolaus reduced their price objective on shares of Accenture from $390.00 to $380.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Piper Sandler decreased their price target on Accenture from $396.00 to $364.00 and set an "overweight" rating on the stock in a research note on Thursday, March 20th. Guggenheim dropped their price objective on Accenture from $400.00 to $395.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Wolfe Research upgraded Accenture from a "peer perform" rating to an "outperform" rating and set a $425.00 target price on the stock in a research report on Wednesday, January 8th. Finally, UBS Group dropped their price target on Accenture from $455.00 to $387.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Eight equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $378.23.

Accenture Trading Down 4.7 %

Accenture stock traded down $14.99 during midday trading on Thursday, reaching $301.34. The stock had a trading volume of 3,612,840 shares, compared to its average volume of 2,939,825. The stock's 50-day simple moving average is $352.46 and its 200 day simple moving average is $355.28. Accenture plc has a twelve month low of $278.69 and a twelve month high of $398.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a market capitalization of $188.74 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 3.23 and a beta of 1.24.

Accenture (NYSE:ACN - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $16.64 billion. During the same period in the previous year, the company posted $2.77 EPS. The company's revenue was up 5.7% compared to the same quarter last year. Analysts expect that Accenture plc will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The firm 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 is Thursday, April 10th. This represents a $5.92 annualized dividend and a dividend yield of 1.96%. Accenture's payout ratio is 48.89%.

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.