Bfsg LLC Sells 99 Shares of Accenture plc (NYSE:ACN)

Bfsg LLC decreased its position in Accenture plc (NYSE:ACN) by 0.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 16,918 shares of the information technology services provider’s stock after selling 99 shares during the period. Bfsg LLC’s holdings in Accenture were worth $5,937,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brave Asset Management Inc. increased its holdings in Accenture by 2.8% during the fourth quarter. Brave Asset Management Inc. now owns 1,028 shares of the information technology services provider’s stock worth $361,000 after buying an additional 28 shares during the last quarter. KMG Fiduciary Partners LLC lifted its stake in Accenture by 4.0% in the 4th quarter. KMG Fiduciary Partners LLC now owns 760 shares of the information technology services provider’s stock valued at $267,000 after purchasing an additional 29 shares during the last quarter. Carr Financial Group Corp grew its holdings in Accenture by 2.4% during the fourth quarter. Carr Financial Group Corp now owns 1,245 shares of the information technology services provider’s stock worth $437,000 after purchasing an additional 29 shares during the period. PDS Planning Inc increased its position in Accenture by 1.2% during the fourth quarter. PDS Planning Inc now owns 2,372 shares of the information technology services provider’s stock worth $832,000 after buying an additional 29 shares during the last quarter. Finally, Allworth Financial LP raised its stake in Accenture by 0.5% in the fourth quarter. Allworth Financial LP now owns 6,062 shares of the information technology services provider’s stock valued at $2,127,000 after buying an additional 30 shares during the period. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Trading Down 2.3 %

NYSE ACN traded down $7.21 during trading hours on Thursday, hitting $306.33. 1,240,510 shares of the company’s stock traded hands, compared to its average volume of 2,391,238. Accenture plc has a 52 week low of $261.68 and a 52 week high of $387.51. The business’s fifty day moving average price is $352.14 and its two-hundred day moving average price is $342.20. The firm has a market capitalization of $205.47 billion, a P/E ratio of 27.83, a P/E/G ratio of 3.00 and a beta of 1.19.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.11. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The firm had revenue of $15.80 billion during the quarter, compared to analyst estimates of $15.85 billion. During the same quarter in the prior year, the business earned $2.69 earnings per share. Accenture’s revenue for the quarter was down .1% on a year-over-year basis. On average, sell-side analysts expect that Accenture plc will post 12.09 EPS for the current fiscal year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th will be given a dividend of $1.29 per share. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $5.16 annualized dividend and a yield of 1.68%. Accenture’s dividend payout ratio (DPR) is presently 46.78%.

Insider Transactions at Accenture

In other news, CAO Melissa A. Burgum sold 3,010 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $371.80, for a total transaction of $1,119,118.00. Following the completion of the sale, the chief accounting officer now owns 9,193 shares in the company, valued at approximately $3,417,957.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Accenture news, CAO Melissa A. Burgum sold 3,010 shares of the firm’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $371.80, for a total value of $1,119,118.00. Following the completion of the transaction, the chief accounting officer now owns 9,193 shares of the company’s stock, valued at $3,417,957.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Manish Sharma sold 1,486 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $370.39, for a total transaction of $550,399.54. Following the sale, the chief executive officer now directly owns 4,503 shares in the company, valued at $1,667,866.17. The disclosure for this sale can be found here. Insiders have sold a total of 39,833 shares of company stock valued at $13,645,871 in the last 90 days. Insiders own 0.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ACN shares. TD Cowen decreased their target price on Accenture from $363.00 to $350.00 and set a “market perform” rating on the stock in a report on Friday, March 22nd. Citigroup reduced their target price on shares of Accenture from $430.00 to $400.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Mizuho reissued a “buy” rating and issued a $398.00 price target (down from $426.00) on shares of Accenture in a report on Friday, March 22nd. Royal Bank of Canada increased their target price on Accenture from $374.00 to $381.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. Finally, BMO Capital Markets reduced their price target on Accenture from $385.00 to $375.00 and set a “market perform” rating for the company in a research note on Friday, March 22nd. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $387.00.

Accenture 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.