Fiduciary Trust Co reduced its position in shares of Accenture plc (NYSE:ACN - Free Report) by 2.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,827 shares of the information technology services provider's stock after selling 1,214 shares during the period. Fiduciary Trust Co's holdings in Accenture were worth $14,363,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Baldwin Wealth Partners LLC MA lifted its position in shares of Accenture by 6.5% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 63,429 shares of the information technology services provider's stock valued at $22,314,000 after acquiring an additional 3,883 shares during the period. Davidson Trust Co. lifted its position in shares of Accenture by 7.4% during the 4th quarter. Davidson Trust Co. now owns 2,307 shares of the information technology services provider's stock valued at $812,000 after acquiring an additional 158 shares during the period. Franklin Street Advisors Inc. NC lifted its position in shares of Accenture by 126.8% during the 4th quarter. Franklin Street Advisors Inc. NC now owns 40,051 shares of the information technology services provider's stock valued at $14,090,000 after acquiring an additional 22,391 shares during the period. China Universal Asset Management Co. Ltd. lifted its position in shares of Accenture by 37.5% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 3,094 shares of the information technology services provider's stock valued at $1,088,000 after acquiring an additional 843 shares during the period. Finally, SteelPeak Wealth LLC lifted its position in shares of Accenture by 127.1% during the 4th quarter. SteelPeak Wealth LLC now owns 2,323 shares of the information technology services provider's stock valued at $817,000 after acquiring an additional 1,300 shares during the period. 75.14% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Accenture
In related news, insider Angela Beatty sold 169 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of $281.90, for a total value 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 represents a 3.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Julie Spellman Sweet sold 2,284 shares of the business's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $281.63, for a total transaction of $643,242.92. Following the completion of the transaction, the chief executive officer now owns 9,965 shares in the company, valued at $2,806,442.95. This represents a 18.65% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 6,016 shares of company stock worth $1,694,866. Corporate insiders own 0.02% of the company's stock.
Accenture Trading Down 0.3%
Shares of ACN traded down $1.03 during mid-day trading on Friday, reaching $307.85. The company had a trading volume of 1,844,361 shares, compared to its average volume of 2,985,060. The stock has a market cap of $192.82 billion, a price-to-earnings ratio of 25.83, a price-to-earnings-growth ratio of 3.23 and a beta of 1.35. The firm has a fifty day simple moving average of $304.36 and a 200-day simple moving average of $342.35. Accenture plc has a fifty-two week low of $275.01 and a fifty-two week high of $398.35. 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 (NYSE:ACN - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, beating analysts' consensus estimates of $2.81 by $0.01. The company had revenue of $16.70 billion for the quarter, compared to analyst estimates 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 quarter last year, the business earned $2.77 EPS. On average, sell-side analysts anticipate that Accenture plc will post 12.73 EPS for the current fiscal year.
Accenture Announces Dividend
The firm also recently announced 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 annualized dividend and a dividend yield of 1.92%. Accenture's payout ratio is 48.89%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the stock. Mizuho reduced their price target on shares of Accenture from $428.00 to $398.00 and set an "outperform" rating for the company in a research report on Wednesday, March 19th. UBS Group dropped their price objective on shares of Accenture from $455.00 to $387.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Baird R W raised shares of Accenture from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. StockNews.com cut shares of Accenture from a "buy" rating to a "hold" rating in a research note on Tuesday, March 11th. Finally, Robert W. Baird raised shares of Accenture from a "neutral" rating to an "outperform" rating and set a $390.00 price objective for the company in a research note on Monday, March 17th. Eight investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $377.82.
Check Out Our Latest Stock Analysis on ACN
About Accenture
(
Free Report)
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.
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