Insigneo Advisory Services LLC Sells 897 Shares of Accenture plc (NYSE:ACN)

Insigneo Advisory Services LLC reduced its position in shares of Accenture plc (NYSE:ACN - Free Report) by 16.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,443 shares of the information technology services provider's stock after selling 897 shares during the period. Insigneo Advisory Services LLC's holdings in Accenture were worth $1,563,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Morse Asset Management Inc acquired a new stake in Accenture in the third quarter valued at $25,000. FPC Investment Advisory Inc. boosted 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 valued at $28,000 after purchasing an additional 28 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in shares of Accenture during the fourth quarter worth about $30,000. POM Investment Strategies LLC increased its stake in shares of 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 purchasing an additional 34 shares during the period. Finally, Retirement Wealth Solutions LLC acquired a new stake in Accenture in the 4th quarter valued at approximately $34,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ACN has been the subject of a number of research analyst reports. Guggenheim reduced their price target on shares of Accenture from $400.00 to $395.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Jefferies Financial Group cut their price objective on Accenture from $385.00 to $355.00 and set a "hold" rating on the stock in a report on Tuesday, January 21st. Robert W. Baird raised Accenture from a "neutral" rating to an "outperform" rating and set a $390.00 target price for the company in a research report on Monday, March 17th. BMO Capital Markets upped their price objective on shares of Accenture to $355.00 and gave the company a "hold" rating in a research note on Wednesday, March 26th. Finally, Morgan Stanley lowered their target price on Accenture from $380.00 to $372.00 and set an "equal weight" rating on the stock in a research note on Monday, March 17th. Eight investment 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 company's stock. Based on data from MarketBeat, Accenture presently has a consensus rating of "Moderate Buy" and an average target price of $377.82.

Accenture Price Performance

NYSE:ACN traded down $2.96 during mid-day trading on Friday, hitting $282.28. The company's stock had a trading volume of 2,320,335 shares, compared to its average volume of 3,007,591. The company has a market capitalization of $176.80 billion, a price-to-earnings ratio of 23.68, a P/E/G ratio of 3.23 and a beta of 1.32. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. Accenture plc has a fifty-two week low of $275.01 and a fifty-two week high of $398.35. The stock has a fifty day moving average of $326.22 and a 200-day moving average of $349.73.

Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, beating analysts' consensus estimates 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 prior year, the business posted $2.77 earnings per share. The business's revenue was up 5.7% compared to the same quarter last year. As a group, equities analysts forecast that Accenture plc will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th will be paid 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 2.10%. Accenture's dividend payout ratio is 48.89%.

Insider Transactions at Accenture

In other Accenture news, insider Angela Beatty sold 169 shares of the firm's 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 sale, the insider now owns 5,364 shares in the company, valued at approximately $1,512,111.60. This trade represents a 3.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Julie Spellman Sweet sold 8,793 shares of the company's stock in a transaction that occurred 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 $4,677,625.26. The trade was a 42.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,778 shares of company stock valued at $8,408,087. Corporate insiders own 0.02% of the company's stock.

About Accenture

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.