Bayesian Capital Management LP Acquires New Stake in Accenture plc (NYSE:ACN)

Bayesian Capital Management LP acquired a new position in shares of Accenture plc (NYSE:ACN - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 8,000 shares of the information technology services provider's stock, valued at approximately $2,814,000.

A number of other large investors have also recently made changes to their positions in the stock. Modus Advisors LLC acquired a new position in shares of Accenture in the fourth quarter valued at about $59,000. CWA Asset Management Group LLC boosted its holdings in shares of Accenture by 10.4% in the 4th quarter. CWA Asset Management Group LLC now owns 19,077 shares of the information technology services provider's stock valued at $6,711,000 after acquiring an additional 1,798 shares during the last quarter. Boltwood Capital Management purchased a new position in shares of Accenture during the fourth quarter worth $272,000. Neville Rodie & Shaw Inc. boosted its holdings in Accenture by 4.3% in the fourth quarter. Neville Rodie & Shaw Inc. now owns 725 shares of the information technology services provider's stock valued at $255,000 after purchasing an additional 30 shares during the last quarter. Finally, Insight Wealth Strategies LLC grew its position in Accenture by 2.5% during the 4th quarter. Insight Wealth Strategies LLC now owns 10,598 shares of the information technology services provider's stock worth $3,728,000 after purchasing an additional 260 shares during the period. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Price Performance

Shares of Accenture stock traded down $3.51 on Tuesday, hitting $304.20. 2,717,473 shares of the company were exchanged, compared to its average volume of 2,982,925. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average price of $306.68 and a 200 day moving average price of $343.86. The stock has a market capitalization of $190.53 billion, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 3.23 and a beta of 1.35. Accenture plc has a 1-year low of $275.01 and a 1-year high of $398.35.

Accenture (NYSE:ACN - Get Free Report) last issued its earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.81 by $0.01. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The business had revenue of $16.70 billion during the quarter, compared to the consensus estimate of $16.64 billion. During the same period last year, the company earned $2.77 EPS. The company's revenue for the quarter was up 5.7% on a year-over-year basis. As a group, sell-side analysts predict that Accenture plc will post 12.73 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The company also recently declared 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 is Thursday, April 10th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.95%. Accenture's dividend payout ratio is currently 48.89%.

Analyst Ratings Changes

Several analysts recently commented on the company. Robert W. Baird raised Accenture from a "neutral" rating to an "outperform" rating and set a $390.00 target price on the stock in a report on Monday, March 17th. Mizuho cut their target price on shares of Accenture from $428.00 to $398.00 and set an "outperform" rating for the company in a report on Wednesday, March 19th. StockNews.com lowered shares of Accenture from a "buy" rating to a "hold" rating in a research report on Tuesday, March 11th. Guggenheim decreased their price objective on shares of Accenture from $400.00 to $395.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Finally, BMO Capital Markets increased their target price on shares of Accenture to $355.00 and gave the stock a "hold" rating in a research note on Wednesday, March 26th. Eight equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $377.82.

Insider Activity at Accenture

In other Accenture news, insider Angela Beatty sold 169 shares of Accenture 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 sale, the insider now owns 5,364 shares in the company, valued at $1,512,111.60. The trade was a 3.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Julie Spellman Sweet sold 8,793 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $394.47, for a total value of $3,468,574.71. Following the transaction, the chief executive officer now owns 11,858 shares of the company's stock, valued at approximately $4,677,625.26. This represents a 42.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,041 shares of company stock worth $5,254,956. Insiders own 0.02% of the company's stock.

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.