Accenture plc (NYSE:ACN) Shares Sold by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP lowered its stake in Accenture plc (NYSE:ACN - Free Report) by 89.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,447 shares of the information technology services provider's stock after selling 20,104 shares during the quarter. ExodusPoint Capital Management LP's holdings in Accenture were worth $861,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ACN. Morse Asset Management Inc purchased a new position in shares of Accenture in the 3rd quarter worth $25,000. FPC Investment Advisory Inc. raised its position in Accenture by 62.2% during the fourth quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider's stock valued at $28,000 after purchasing an additional 28 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Accenture in the 4th quarter worth approximately $30,000. POM Investment Strategies LLC lifted its position 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 worth $31,000 after buying an additional 34 shares during the last quarter. Finally, Retirement Wealth Solutions LLC bought a new position in Accenture during the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 75.14% of the company's stock.

Insiders Place Their Bets

In related news, CEO Julie Spellman Sweet sold 2,284 shares of the business's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $281.63, for a total transaction of $643,242.92. Following the completion of the sale, the chief executive officer now directly owns 9,965 shares in the company, valued at approximately $2,806,442.95. The trade was a 18.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Angie Y. Park sold 685 shares of the firm's stock in a transaction on Friday, January 17th. The shares were sold at an average price of $354.38, for a total value of $242,750.30. Following the completion of the transaction, the chief financial officer now owns 8,674 shares in the company, valued at $3,073,892.12. The trade was a 7.32 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,921 shares of company stock worth $9,876,619. 0.02% of the stock is owned by corporate insiders.

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Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Piper Sandler reduced their price objective on shares of Accenture from $364.00 to $355.00 and set an "overweight" rating on the stock in a research report on Wednesday. Jefferies Financial Group dropped their price objective on Accenture from $385.00 to $355.00 and set a "hold" rating for the company in a report on Tuesday, January 21st. StockNews.com cut shares of Accenture from a "buy" rating to a "hold" rating in a report on Tuesday, March 11th. Robert W. Baird raised shares of Accenture from a "neutral" rating to an "outperform" rating and set a $390.00 price objective for the company in a research report on Monday, March 17th. Finally, Mizuho dropped their price objective on Accenture from $428.00 to $398.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 19th. Eight equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $377.82.

Accenture Stock Performance

Shares of Accenture stock traded up $3.20 during trading on Wednesday, hitting $291.86. 626,710 shares of the company's stock were exchanged, compared to its average volume of 2,999,500. Accenture plc has a 52-week low of $275.01 and a 52-week 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 $182.80 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 3.23 and a beta of 1.32. The business has a 50-day simple moving average of $332.48 and a 200-day simple moving average of $351.15.

Accenture (NYSE:ACN - Get Free Report) last posted its earnings results on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, topping 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 firm had revenue of $16.70 billion for the quarter, compared to analyst estimates of $16.64 billion. During the same period last year, the company earned $2.77 earnings per share. Accenture's revenue for the quarter was up 5.7% compared to the same quarter last year. On average, research analysts forecast that Accenture plc will post 12.73 EPS for the current year.

Accenture Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th will be given a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, April 10th. Accenture's dividend payout ratio (DPR) is presently 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.