Financiere des Professionnels Fonds d investissement inc. Sells 4,983 Shares of Accenture PLC (NYSE:ACN)

Financiere des Professionnels Fonds d investissement inc. lessened its stake in Accenture PLC (NYSE:ACN - Free Report) by 8.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,558 shares of the information technology services provider's stock after selling 4,983 shares during the period. Accenture comprises about 1.1% of Financiere des Professionnels Fonds d investissement inc.'s investment portfolio, making the stock its 21st largest position. Financiere des Professionnels Fonds d investissement inc.'s holdings in Accenture were worth $16,712,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in ACN. Mpwm Advisory Solutions LLC bought a new stake in Accenture during the fourth quarter valued at $30,000. Park Square Financial Group LLC bought a new stake in Accenture during the fourth quarter valued at $31,000. Inlight Wealth Management LLC acquired a new position in shares of Accenture during the first quarter valued at $32,000. Capital A Wealth Management LLC acquired a new position in shares of Accenture during the fourth quarter valued at $34,000. Finally, Mountain Hill Investment Partners Corp. acquired a new position in shares of Accenture during the fourth quarter valued at $35,000. Institutional investors own 75.14% of the company's stock.

Accenture Stock Performance

Shares of ACN stock traded up $2.73 during trading hours on Tuesday, reaching $303.27. 2,889,749 shares of the company's stock were exchanged, compared to its average volume of 2,901,898. The business has a fifty day moving average price of $309.69 and a 200-day moving average price of $328.80. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $189.95 billion, a P/E ratio of 24.15, a P/E/G ratio of 2.82 and a beta of 1.29. Accenture PLC has a fifty-two week low of $273.19 and a fifty-two week high of $398.35.

Accenture (NYSE:ACN - Get Free Report) last issued its earnings results on Friday, June 20th. The information technology services provider reported $3.49 EPS for the quarter, beating analysts' consensus estimates of $3.32 by $0.17. The business had revenue of $17.73 billion during the quarter, compared to analyst estimates of $17.26 billion. Accenture had a return on equity of 26.55% and a net margin of 11.61%. Accenture's revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $3.13 earnings per share. Analysts predict that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 10th will be given a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Thursday, July 10th. Accenture's dividend payout ratio (DPR) is 47.13%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ACN shares. Robert W. Baird raised shares of Accenture from a "neutral" rating to an "outperform" rating and set a $390.00 price target for the company in a report on Monday, March 17th. Mizuho set a $348.00 price target on shares of Accenture and gave the company an "outperform" rating in a report on Tuesday, June 24th. Baird R W upgraded shares of Accenture from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. UBS Group restated a "buy" rating and set a $395.00 price objective (up previously from $390.00) on shares of Accenture in a report on Thursday, May 22nd. Finally, Royal Bank Of Canada lowered their target price on Accenture from $399.00 to $392.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Accenture has an average rating of "Moderate Buy" and a consensus target price of $370.71.

Insider Buying and Selling

In other news, General Counsel Joel Unruch sold 3,563 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of $281.78, for a total transaction of $1,003,982.14. Following the sale, the general counsel owned 17,237 shares in the company, valued at approximately $4,857,041.86. This represents a 17.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Julie Spellman Sweet sold 2,284 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of $281.63, for a total value of $643,242.92. Following the sale, the chief executive officer owned 9,965 shares in the company, valued at $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 ninety days, insiders have sold 8,516 shares of company stock valued at $2,507,366. 0.02% of the stock is currently owned by insiders.

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.