Moment Partners LLC Acquires Shares of 1,492 Accenture plc (NYSE:ACN)

Moment Partners LLC purchased a new stake in shares of Accenture plc (NYSE:ACN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,492 shares of the information technology services provider's stock, valued at approximately $525,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Morse Asset Management Inc purchased a new position in shares of Accenture in the third quarter worth $25,000. FPC Investment Advisory Inc. increased its holdings in Accenture by 62.2% in the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider's stock worth $28,000 after buying an additional 28 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in Accenture during the 4th quarter valued at about $30,000. POM Investment Strategies LLC boosted its holdings in shares of Accenture by 64.2% during 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 bought a new stake in shares of Accenture in the fourth quarter worth approximately $34,000. 75.14% of the stock is owned by institutional investors.

Accenture Price Performance

Shares of Accenture stock traded down $4.21 on Friday, hitting $304.32. 2,377,513 shares of the company traded hands, compared to its average volume of 2,915,430. 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 business has a 50-day simple moving average of $354.96 and a 200 day simple moving average of $356.03. Accenture plc has a 52 week low of $278.69 and a 52 week high of $398.35. The stock has a market capitalization of $190.61 billion, a P/E ratio of 25.53, 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 EPS for the quarter, beating the consensus estimate of $2.81 by $0.01. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The business had revenue of $16.70 billion during the quarter, compared to the consensus estimate of $16.64 billion. During the same quarter in the prior year, the firm earned $2.77 EPS. The business's revenue was up 5.7% on a year-over-year basis. Research analysts expect that Accenture plc will post 12.73 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders 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 annualized dividend and a dividend yield of 1.95%. Accenture's dividend payout ratio (DPR) is 48.89%.

Analyst Upgrades and Downgrades

ACN has been the topic of several research reports. Jefferies Financial Group dropped their target price on shares of Accenture from $385.00 to $355.00 and set a "hold" rating on the stock in a report on Tuesday, January 21st. Baird R W raised Accenture from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. UBS Group lowered 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. Wolfe Research upgraded Accenture from a "peer perform" rating to an "outperform" rating and set a $425.00 price target for the company in a research note on Wednesday, January 8th. Finally, Guggenheim lowered their price objective on shares of Accenture from $400.00 to $395.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Eight 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $378.23.

Insider Buying and Selling at Accenture

In other news, insider Angela Beatty sold 961 shares of the company's stock in a transaction dated 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 directly owns 5,484 shares in the company, valued at approximately $1,943,913.48. This represents a 14.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Angie Y. Park sold 685 shares of Accenture stock in a transaction dated Friday, January 17th. The stock was 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 of the company's stock, valued at approximately $3,073,892.12. This represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,905 shares of company stock worth $8,181,753 over the last 90 days. 0.02% of the stock is owned by insiders.

Accenture Company 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.