111 Capital Buys New Position in Accenture plc (NYSE:ACN)

111 Capital purchased a new position in shares of Accenture plc (NYSE:ACN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 5,104 shares of the information technology services provider's stock, valued at approximately $1,796,000.

Several other institutional investors have also added to or reduced their stakes in ACN. Brighton Jones LLC boosted its stake in Accenture by 36.2% in the fourth quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider's stock valued at $6,486,000 after buying an additional 4,905 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Accenture by 10.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 558 shares of the information technology services provider's stock worth $196,000 after acquiring an additional 54 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of Accenture by 6.7% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 9,187 shares of the information technology services provider's stock valued at $3,232,000 after purchasing an additional 578 shares in the last quarter. PFG Investments LLC grew its holdings in shares of Accenture by 7.5% during the 4th quarter. PFG Investments LLC now owns 3,625 shares of the information technology services provider's stock valued at $1,275,000 after purchasing an additional 253 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in Accenture by 7.9% during the 4th quarter. Pacer Advisors Inc. now owns 50,146 shares of the information technology services provider's stock worth $17,641,000 after purchasing an additional 3,685 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Trading Down 0.3%

Accenture stock traded down $1.02 during trading hours on Friday, reaching $316.71. 4,012,185 shares of the company's stock were exchanged, compared to its average volume of 2,988,275. The firm has a market capitalization of $198.36 billion, a PE ratio of 26.57, a PEG ratio of 3.23 and a beta of 1.35. 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 firm's 50 day simple moving average is $302.48 and its 200 day simple moving average is $339.04. Accenture plc has a twelve month low of $275.01 and a twelve month 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 for the quarter, topping analysts' consensus estimates of $2.81 by $0.01. The business had revenue of $16.70 billion during the quarter, compared to the consensus estimate of $16.64 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.77 earnings per share. Research analysts predict that Accenture plc will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th were issued a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend was Thursday, April 10th. Accenture's payout ratio is 48.89%.

Analyst Ratings Changes

A number of analysts have weighed in on ACN shares. Mizuho decreased their target price on shares of Accenture from $428.00 to $398.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 19th. UBS Group restated a "buy" rating and set a $395.00 price objective (up previously from $390.00) on shares of Accenture in a research report on Thursday, May 22nd. Piper Sandler dropped their target price on Accenture from $364.00 to $355.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Barclays reduced their price target on Accenture from $415.00 to $390.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. Finally, Wall Street Zen lowered shares of Accenture from a "buy" rating to a "hold" rating in a report on Tuesday, March 11th. Seven research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Accenture currently has an average rating of "Moderate Buy" and a consensus target price of $382.14.

Insider Activity

In other Accenture news, insider Angela Beatty sold 169 shares of the business's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $281.90, for a total transaction of $47,641.10. Following the completion of the sale, the insider now owns 5,364 shares in the company, valued at approximately $1,512,111.60. The trade was a 3.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Julie Spellman Sweet sold 2,284 shares of the company'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 transaction, the chief executive officer now owns 9,965 shares in the company, valued at approximately $2,806,442.95. The trade was a 18.65% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,516 shares of company stock worth $2,507,366. Company insiders own 0.02% of the company's stock.

About Accenture

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.