Accenture plc (NYSE:ACN) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its stake in shares of Accenture plc (NYSE:ACN - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,375 shares of the information technology services provider's stock after selling 1,072 shares during the period. Thrivent Financial for Lutherans' holdings in Accenture were worth $16,731,000 as of its most recent filing with the Securities and Exchange Commission.

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 shares of Accenture in the 3rd quarter worth approximately $25,000. FPC Investment Advisory Inc. boosted 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 worth $28,000 after purchasing an additional 28 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Accenture in the fourth quarter valued at $30,000. POM Investment Strategies LLC raised its stake 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 worth $31,000 after buying an additional 34 shares during the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of Accenture in the 4th quarter worth about $34,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Trading Up 0.8 %

Shares of Accenture stock traded up $2.48 during trading hours on Wednesday, reaching $311.38. The stock had a trading volume of 3,669,440 shares, compared to its average volume of 2,768,136. 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 1 year low of $278.69 and a 1 year high of $398.35. The firm has a market capitalization of $194.86 billion, a price-to-earnings ratio of 26.12, a P/E/G ratio of 3.23 and a beta of 1.24. The firm has a 50 day simple moving average of $357.53 and a two-hundred day simple moving average of $356.88.

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Accenture (NYSE:ACN - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $16.70 billion during the quarter, compared to the consensus estimate of $16.64 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. Accenture's revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.77 earnings per share. As a group, equities research analysts anticipate that Accenture plc will post 12.73 earnings per share for the current year.

Accenture Announces Dividend

The business 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. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Thursday, April 10th. Accenture's dividend payout ratio is presently 48.89%.

Insider Transactions at Accenture

In other Accenture news, CAO Melissa A. Burgum sold 232 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $394.46, for a total value of $91,514.72. Following the completion of the transaction, the chief accounting officer now directly owns 8,915 shares of the company's stock, valued at $3,516,610.90. This represents a 2.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Julie Spellman Sweet sold 2,497 shares of Accenture stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $354.48, for a total value of $885,136.56. Following the sale, the chief executive officer now directly owns 28,866 shares in the company, valued at approximately $10,232,419.68. The trade was a 7.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,905 shares of company stock valued at $8,181,753 over the last quarter. Company insiders own 0.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ACN. Wolfe Research upgraded shares of Accenture from a "peer perform" rating to an "outperform" rating and set a $425.00 target price for the company in a research report on Wednesday, January 8th. Royal Bank of Canada reduced their target price on Accenture from $399.00 to $392.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. UBS Group dropped their price target on Accenture from $455.00 to $387.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Jefferies Financial Group decreased their price objective on Accenture from $385.00 to $355.00 and set a "hold" rating on the stock in a research note on Tuesday, January 21st. Finally, Piper Sandler reduced their target price on shares of Accenture from $396.00 to $364.00 and set an "overweight" rating on the stock in a report on Thursday, March 20th. Eight 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 company's stock. Based on data from MarketBeat, Accenture has an average rating of "Moderate Buy" and an average price target of $378.23.

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.