Quantum Financial Advisors LLC Sells 829 Shares of Accenture plc (NYSE:ACN)

Quantum Financial Advisors LLC lowered its position in Accenture plc (NYSE:ACN - Free Report) by 31.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,811 shares of the information technology services provider's stock after selling 829 shares during the period. Quantum Financial Advisors LLC's holdings in Accenture were worth $565,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. FPC Investment Advisory Inc. raised its position in Accenture by 62.2% in the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider's stock worth $28,000 after purchasing an additional 28 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in Accenture in the 4th quarter worth approximately $30,000. Mpwm Advisory Solutions LLC bought a new position in Accenture in the 4th quarter worth approximately $30,000. POM Investment Strategies LLC raised its position in Accenture by 64.2% in the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider's stock worth $31,000 after purchasing an additional 34 shares during the last quarter. Finally, Park Square Financial Group LLC bought a new position in Accenture in the 4th quarter worth approximately $31,000. Institutional investors own 75.14% of the company's stock.

Insider Transactions at Accenture

In related news, COO John F. Walsh sold 2,500 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $325.00, for a total value of $812,500.00. Following the completion of the sale, the chief operating officer now directly owns 15,882 shares in the company, valued at approximately $5,161,650. This trade represents a 13.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Angela Beatty sold 169 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $1,512,111.60. This trade represents a 3.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,516 shares of company stock worth $2,507,366 in the last three months. Insiders own 0.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on ACN shares. Royal Bank of Canada lowered their target price on shares of Accenture from $399.00 to $392.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Wall Street Zen lowered shares of Accenture from a "buy" rating to a "hold" rating in a report on Tuesday, March 11th. Morgan Stanley lowered their target price on shares of Accenture from $380.00 to $372.00 and set an "equal weight" rating for the company in a report on Monday, March 17th. Baird R W raised shares of Accenture from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Finally, UBS Group reaffirmed a "buy" rating and set a $395.00 target price (up previously from $390.00) on shares of Accenture in a report on Thursday, May 22nd. Seven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $382.14.

Accenture Stock Down 0.2%

ACN stock traded down $0.67 during trading hours on Thursday, reaching $315.73. 1,726,575 shares of the stock were exchanged, compared to its average volume of 2,961,245. The firm's 50-day moving average is $303.02 and its 200-day moving average is $337.76. The company has a market cap of $197.75 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 3.23 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. Accenture plc has a 12 month low of $275.01 and a 12 month high of $398.35.

Accenture (NYSE:ACN - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, topping analysts' consensus estimates of $2.81 by $0.01. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The company had revenue of $16.70 billion during the quarter, compared to the consensus estimate of $16.64 billion. During the same period in the prior year, the business posted $2.77 EPS. The company's quarterly revenue was up 5.7% on a year-over-year basis. On average, equities research analysts expect 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 dividend of $1.48 per share. The ex-dividend date was Thursday, April 10th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.88%. Accenture's dividend payout ratio is 48.89%.

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.