Foster Dykema Cabot & Partners LLC reduced its holdings in shares of Accenture plc (NYSE:ACN - Free Report) by 79.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,154 shares of the information technology services provider's stock after selling 53,397 shares during the quarter. Foster Dykema Cabot & Partners LLC's holdings in Accenture were worth $4,979,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Morse Asset Management Inc bought a new stake in shares of Accenture during the 3rd quarter valued at $25,000. FPC Investment Advisory Inc. increased its position in shares of Accenture by 62.2% during the 4th 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 last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Accenture during the fourth quarter valued at about $30,000. POM Investment Strategies LLC lifted its stake 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 during the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new stake in Accenture during the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 75.14% of the company's stock.
Wall Street Analyst Weigh In
ACN has been the subject of a number of analyst reports. Mizuho dropped their price objective on Accenture from $428.00 to $398.00 and set an "outperform" rating for the company in a research note on Wednesday, March 19th. Robert W. Baird upgraded Accenture from a "neutral" rating to an "outperform" rating and set a $390.00 price objective for the company in a report on Monday, March 17th. Guggenheim lowered their price objective on shares of Accenture from $400.00 to $395.00 and set a "buy" rating for the company in a report on Friday, March 21st. Jefferies Financial Group lowered their price objective on Accenture from $385.00 to $355.00 and set a "hold" rating for the company in a research report on Tuesday, January 21st. Finally, BMO Capital Markets raised their price objective on Accenture to $355.00 and gave the company a "hold" rating in a research report on Wednesday, March 26th. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $377.82.
Check Out Our Latest Stock Report on Accenture
Insider Activity
In other news, CEO Julie Spellman Sweet sold 8,793 shares of the firm's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $394.47, for a total transaction of $3,468,574.71. Following the transaction, the chief executive officer now owns 11,858 shares in the company, valued at approximately $4,677,625.26. This trade represents a 42.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Angela Beatty sold 169 shares of Accenture stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $281.90, for a total value of $47,641.10. Following the completion of 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,291 shares of company stock valued at $7,880,886. 0.02% of the stock is currently owned by insiders.
Accenture Price Performance
ACN traded up $5.62 during trading on Tuesday, hitting $284.85. 782,885 shares of the company traded hands, compared to its average volume of 2,996,875. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. The company has a market cap of $178.41 billion, a PE ratio of 23.90, a P/E/G ratio of 3.23 and a beta of 1.32. The stock's 50-day simple moving average is $324.03 and its two-hundred day simple moving average is $349.02. Accenture plc has a 1 year low of $275.01 and a 1 year high of $398.35.
Accenture (NYSE:ACN - Get Free Report) last issued its earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share (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 analysts' expectations of $16.64 billion. During the same period in the previous year, the firm posted $2.77 earnings per share. The business's revenue was up 5.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Accenture plc will post 12.73 earnings per share for the current fiscal year.
Accenture Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th will be given a dividend of $1.48 per share. The ex-dividend date is Thursday, April 10th. This represents a $5.92 annualized dividend and a yield of 2.08%. Accenture's dividend payout ratio (DPR) is currently 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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