Accenture plc (NYSE:ACN) Stock Holdings Trimmed by Pinnacle Wealth Planning Services Inc.

Pinnacle Wealth Planning Services Inc. decreased its stake in shares of Accenture plc (NYSE:ACN - Free Report) by 21.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,623 shares of the information technology services provider's stock after selling 989 shares during the quarter. Pinnacle Wealth Planning Services Inc.'s holdings in Accenture were worth $1,275,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of ACN. FPC Investment Advisory Inc. boosted its position in shares of Accenture by 62.2% during the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider's stock worth $28,000 after acquiring an additional 28 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Accenture in the 4th quarter valued at about $30,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Accenture in the 4th quarter valued at about $30,000. POM Investment Strategies LLC boosted its position in shares of Accenture by 64.2% in the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider's stock valued at $31,000 after purchasing an additional 34 shares during the period. Finally, Promus Capital LLC acquired a new stake in shares of Accenture in the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 75.14% of the company's stock.

Accenture Price Performance

NYSE ACN traded down $1.02 during mid-day trading on Friday, hitting $316.71. The stock had a trading volume of 4,012,185 shares, compared to its average volume of 2,988,259. 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 simple moving average of $302.63 and a 200 day simple moving average of $338.74. The company has a market cap of $198.36 billion, a price-to-earnings ratio of 26.57, a P/E/G ratio of 3.23 and a beta of 1.35. Accenture plc has a 52-week low of $275.01 and a 52-week high of $398.35.

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, topping the consensus estimate of $2.81 by $0.01. The company 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%. Accenture's revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.77 earnings per share. Equities analysts forecast that Accenture plc will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

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

Insider Activity

In related 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 transaction, the insider now owns 5,364 shares in the company, valued at approximately $1,512,111.60. This trade represents a 3.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John F. Walsh sold 2,500 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $325.00, for a total value of $812,500.00. Following the transaction, the chief operating officer now owns 15,882 shares in the company, valued at approximately $5,161,650. This represents a 13.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,516 shares of company stock valued at $2,507,366 over the last quarter. Company insiders own 0.02% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Mizuho decreased their target price on Accenture from $428.00 to $398.00 and set an "outperform" rating for the company in a research report on Wednesday, March 19th. Guggenheim reduced their price objective on Accenture from $400.00 to $395.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Baird R W raised Accenture from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Wall Street Zen downgraded Accenture from a "buy" rating to a "hold" rating in a research note on Tuesday, March 11th. Finally, Barclays reduced their price objective on Accenture from $415.00 to $390.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. Seven investment 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 company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $382.14.

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.