MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Lowers Holdings in Accenture plc (NYSE:ACN)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH reduced its stake in Accenture plc (NYSE:ACN - Free Report) by 80.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 874 shares of the information technology services provider's stock after selling 3,492 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Accenture were worth $273,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Visionary Wealth Advisors grew its stake in Accenture by 3.5% in the 4th quarter. Visionary Wealth Advisors now owns 778 shares of the information technology services provider's stock worth $274,000 after buying an additional 26 shares in the last quarter. Vivaldi Capital Management LP lifted its stake in shares of Accenture by 3.6% in the 4th quarter. Vivaldi Capital Management LP now owns 782 shares of the information technology services provider's stock valued at $292,000 after acquiring an additional 27 shares during the last quarter. FPC Investment Advisory Inc. boosted its stake in shares of Accenture by 62.2% during the fourth quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider's stock valued at $28,000 after purchasing an additional 28 shares during the period. New England Professional Planning Group Inc. boosted its position in Accenture by 4.6% during the 4th quarter. New England Professional Planning Group Inc. now owns 655 shares of the information technology services provider's stock valued at $230,000 after buying an additional 29 shares during the period. Finally, Nemes Rush Group LLC increased its holdings in Accenture by 7.5% during the 4th quarter. Nemes Rush Group LLC now owns 418 shares of the information technology services provider's stock valued at $147,000 after purchasing an additional 29 shares during the period. 75.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Julie Spellman Sweet sold 2,284 shares of the firm's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $281.63, for a total value of $643,242.92. Following the transaction, the chief executive officer now owns 9,965 shares of the company's stock, valued at $2,806,442.95. This trade represents a 18.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Angela Beatty sold 169 shares of the firm's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $281.90, for a total transaction of $47,641.10. Following 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,516 shares of company stock valued at $2,507,366. 0.02% of the stock is owned by insiders.

Accenture Stock Performance

Shares of ACN traded up $2.41 during mid-day trading on Monday, hitting $314.12. 2,929,569 shares of the company traded hands, compared to its average volume of 2,957,915. Accenture plc has a 1 year low of $275.01 and a 1 year high of $398.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a 50-day moving average price of $305.50 and a two-hundred day moving average price of $335.40. The stock has a market cap of $196.74 billion, a price-to-earnings ratio of 26.35, a P/E/G ratio of 3.23 and a beta of 1.33.

Accenture (NYSE:ACN - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.01. The firm had revenue of $16.70 billion for the quarter, compared to analysts' expectations of $16.64 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The company's revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.77 EPS. Equities analysts anticipate that Accenture plc will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th were paid a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 1.88%. The ex-dividend date was Thursday, April 10th. Accenture's dividend payout ratio (DPR) is presently 48.89%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ACN shares. Barclays cut their target price on shares of Accenture from $415.00 to $390.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. BMO Capital Markets lifted their price objective on Accenture to $355.00 and gave the company a "hold" rating in a research report on Wednesday, March 26th. UBS Group reissued a "buy" rating and issued a $395.00 target price (up previously from $390.00) on shares of Accenture in a research report on Thursday, May 22nd. Mizuho reduced their price target on Accenture from $428.00 to $398.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 19th. Finally, Baird R W raised Accenture from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $380.00.

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.