Headlands Technologies LLC Sells 2,618 Shares of Accenture plc (NYSE:ACN)

Headlands Technologies LLC reduced its stake in Accenture plc (NYSE:ACN) by 77.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 780 shares of the information technology services provider’s stock after selling 2,618 shares during the period. Headlands Technologies LLC’s holdings in Accenture were worth $274,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ACN. Chilton Capital Management LLC increased its position in shares of Accenture by 180.0% during the fourth quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 45 shares in the last quarter. Halpern Financial Inc. bought a new stake in shares of Accenture during the fourth quarter worth about $31,000. BluePath Capital Management LLC bought a new stake in shares of Accenture during the third quarter worth about $31,000. Valued Wealth Advisors LLC bought a new stake in shares of Accenture during the fourth quarter worth about $50,000. Finally, Valley National Advisers Inc. increased its position in shares of Accenture by 40.3% during the third quarter. Valley National Advisers Inc. now owns 167 shares of the information technology services provider’s stock worth $51,000 after acquiring an additional 48 shares in the last quarter. 75.14% of the stock is owned by institutional investors.

Insider Transactions at Accenture

In other news, CFO Kathleen R. Mcclure sold 851 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $371.77, for a total value of $316,376.27. Following the transaction, the chief financial officer now owns 50,737 shares of the company’s stock, valued at approximately $18,862,494.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Ellyn Shook sold 5,000 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $307.22, for a total value of $1,536,100.00. Following the completion of the sale, the insider now owns 13,699 shares of the company’s stock, valued at approximately $4,208,606.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kathleen R. Mcclure sold 851 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $371.77, for a total transaction of $316,376.27. Following the completion of the sale, the chief financial officer now directly owns 50,737 shares of the company’s stock, valued at approximately $18,862,494.49. The disclosure for this sale can be found here. Insiders have sold 32,490 shares of company stock valued at $10,592,664 in the last quarter. Insiders own 0.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Mizuho reissued a “buy” rating and set a $398.00 target price (down from $426.00) on shares of Accenture in a research report on Friday, March 22nd. UBS Group boosted their price target on shares of Accenture from $365.00 to $400.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. Bank of America boosted their price target on shares of Accenture from $379.00 to $419.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. BMO Capital Markets cut their price target on shares of Accenture from $385.00 to $375.00 and set a “market perform” rating on the stock in a report on Friday, March 22nd. Finally, Guggenheim started coverage on shares of Accenture in a report on Tuesday, March 19th. They set a “buy” rating and a $425.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Accenture presently has an average rating of “Moderate Buy” and an average target price of $387.00.

Accenture Trading Down 0.3 %

Shares of ACN stock opened at $308.01 on Friday. The stock has a market capitalization of $206.59 billion, a P/E ratio of 27.92, a PEG ratio of 2.92 and a beta of 1.19. The firm’s 50 day moving average is $349.66 and its 200 day moving average is $342.14. Accenture plc has a 12 month low of $261.68 and a 12 month high of $387.51.

Accenture (NYSE:ACN) last posted 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. The business had revenue of $15.80 billion for the quarter, compared to analyst estimates of $15.85 billion. Accenture had a net margin of 10.89% and a return on equity of 28.30%. Accenture’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.69 EPS. On average, equities analysts predict that Accenture plc will post 12.09 EPS for the current year.

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th will be issued a $1.29 dividend. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Wednesday, April 10th. Accenture’s payout ratio is 46.78%.

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.