Mirabella Financial Services LLP Sells 7,945 Shares of Accenture plc (NYSE:ACN)

Mirabella Financial Services LLP lowered its stake in Accenture plc (NYSE:ACN - Free Report) by 50.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,945 shares of the information technology services provider's stock after selling 7,945 shares during the quarter. Mirabella Financial Services LLP's holdings in Accenture were worth $2,795,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Morse Asset Management Inc acquired a new position in shares of Accenture in the third quarter valued at approximately $25,000. SkyView Investment Advisors LLC grew its holdings in Accenture by 1.9% during the 3rd quarter. SkyView Investment Advisors LLC now owns 1,796 shares of the information technology services provider's stock worth $635,000 after acquiring an additional 33 shares during the last quarter. Anchor Investment Management LLC increased its position in Accenture by 8.4% in the 3rd quarter. Anchor Investment Management LLC now owns 6,135 shares of the information technology services provider's stock valued at $2,169,000 after acquiring an additional 474 shares during the period. Arvest Bank Trust Division acquired a new position in shares of Accenture during the third quarter worth $18,115,000. Finally, Wilmington Savings Fund Society FSB grew its stake in shares of Accenture by 2.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 41,175 shares of the information technology services provider's stock worth $14,555,000 after purchasing an additional 1,015 shares during the last quarter. 75.14% of the stock is owned by institutional investors.

Accenture Stock Up 1.1 %

Shares of ACN stock traded up $3.27 on Thursday, hitting $291.43. The stock had a trading volume of 3,269,857 shares, compared to its average volume of 3,009,768. Accenture plc has a 12-month low of $275.01 and a 12-month high of $398.35. The stock has a market cap of $182.53 billion, a price-to-earnings ratio of 24.45, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32. The business has a 50 day moving average of $319.94 and a 200 day moving average of $348.16. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47.

Accenture (NYSE:ACN - Get Free Report) last announced its earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, topping analysts' consensus estimates of $2.81 by $0.01. The firm had revenue of $16.70 billion for the quarter, compared to the consensus estimate of $16.64 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The company's revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.77 EPS. As a group, analysts expect that Accenture plc will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The business also recently disclosed 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 2.03%. Accenture's dividend payout ratio (DPR) is presently 48.89%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. UBS Group cut their target price on Accenture from $455.00 to $387.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Royal Bank of Canada decreased their target price on shares of Accenture from $399.00 to $392.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. StockNews.com downgraded shares of Accenture from a "buy" rating to a "hold" rating in a research report on Tuesday, March 11th. Baird R W upgraded shares of Accenture from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Finally, Wolfe Research upgraded shares of Accenture from a "peer perform" rating to an "outperform" rating and set a $425.00 target price on the stock in a report on Wednesday, January 8th. Eight investment 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 stock. According to data from MarketBeat, Accenture presently has a consensus rating of "Moderate Buy" and an average target price of $377.82.

Insider Buying and Selling at Accenture

In other news, CEO Julie Spellman Sweet sold 8,793 shares of the 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 completion of the transaction, the chief executive officer now owns 11,858 shares in the company, valued at approximately $4,677,625.26. This represents a 42.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Angela Beatty sold 169 shares of the business's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $281.90, for a total transaction of $47,641.10. Following the completion of the sale, the insider now directly 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 disclosure for this sale can be found here. Insiders have sold a total of 19,791 shares of company stock worth $6,978,161 over the last three months. 0.02% of the stock is currently owned by insiders.

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.