Illinois Municipal Retirement Fund Sells 4,074 Shares of Accenture PLC (NYSE:ACN)

Illinois Municipal Retirement Fund lowered its position in shares of Accenture PLC (NYSE:ACN - Free Report) by 6.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 63,640 shares of the information technology services provider's stock after selling 4,074 shares during the period. Illinois Municipal Retirement Fund's holdings in Accenture were worth $19,858,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC acquired a new stake in Accenture in the 4th quarter valued at approximately $30,000. Mpwm Advisory Solutions LLC bought a new position in shares of Accenture in the fourth quarter worth $30,000. Park Square Financial Group LLC acquired a new position in shares of Accenture during the fourth quarter valued at $31,000. Inlight Wealth Management LLC bought a new stake in shares of Accenture during the first quarter valued at about $32,000. Finally, Promus Capital LLC bought a new position in Accenture in the 4th quarter valued at about $34,000. 75.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Accenture

In related news, insider Angela Beatty sold 169 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 5,364 shares in the company, valued at approximately $1,512,111.60. This represents a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Julie Spellman Sweet sold 2,284 shares of Accenture stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $281.63, for a total transaction of $643,242.92. Following the completion of the sale, 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 8,516 shares of company stock worth $2,507,366. 0.02% of the stock is currently owned by company insiders.

Accenture Stock Down 0.3%

NYSE:ACN traded down $0.82 during trading hours on Friday, hitting $295.26. 4,159,093 shares of the stock traded hands, compared to its average volume of 2,943,751. The firm has a market cap of $184.93 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 2.89 and a beta of 1.33. The firm has a 50 day moving average price of $307.78 and a 200 day moving average price of $332.11. The company has a current ratio of 1.46, a quick ratio of 1.48 and a debt-to-equity ratio of 0.16. 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 announced its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.32 by $0.17. Accenture had a return on equity of 26.55% and a net margin of 11.61%. The firm had revenue of $17.73 billion during the quarter, compared to the consensus estimate of $17.26 billion. During the same period in the prior year, the business earned $3.13 EPS. The business's revenue for the quarter was up 7.7% on a year-over-year basis. Equities research analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 10th will be given a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Thursday, July 10th. Accenture's payout ratio is presently 47.13%.

Analyst Ratings Changes

A number of analysts have commented on ACN shares. Royal Bank Of Canada dropped their price target on shares of Accenture from $399.00 to $392.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Piper Sandler dropped their target price on Accenture from $364.00 to $355.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. JPMorgan Chase & Co. upped their target price on Accenture from $349.00 to $353.00 and gave the stock an "overweight" rating in a research report on Monday, June 16th. Barclays lowered their price target on Accenture from $390.00 to $360.00 and set an "overweight" rating on the stock in a research report on Monday. Finally, Wall Street Zen cut Accenture from a "buy" rating to a "hold" rating in a research note on Tuesday, March 11th. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Accenture currently has an average rating of "Moderate Buy" and a consensus price target of $370.71.

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.