Siemens Fonds Invest GmbH Sells 5,160 Shares of Accenture plc (NYSE:ACN)

Siemens Fonds Invest GmbH cut its stake in Accenture plc (NYSE:ACN - Free Report) by 18.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,344 shares of the information technology services provider's stock after selling 5,160 shares during the period. Siemens Fonds Invest GmbH's holdings in Accenture were worth $8,212,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of ACN. Park Square Financial Group LLC acquired a new stake in shares of Accenture in the 4th quarter valued at $31,000. Menard Financial Group LLC bought a new position in Accenture in the fourth quarter valued at about $125,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Accenture during the 4th quarter worth about $225,217,000. Fidelity D & D Bancorp Inc. lifted its position in Accenture by 6.4% during the 4th quarter. Fidelity D & D Bancorp Inc. now owns 745 shares of the information technology services provider's stock valued at $262,000 after purchasing an additional 45 shares during the period. Finally, Brucke Financial Inc. bought a new position in shares of Accenture in the 4th quarter valued at about $629,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on ACN. UBS Group reissued a "buy" rating and set a $395.00 price target (up from $390.00) on shares of Accenture in a research note on Thursday, May 22nd. Baird R W upgraded shares of Accenture from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Mizuho reduced their price target on Accenture from $428.00 to $398.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 19th. BMO Capital Markets upped their price objective on Accenture to $355.00 and gave the company a "hold" rating in a report on Wednesday, March 26th. Finally, Stifel Nicolaus reduced their target price on Accenture from $390.00 to $380.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $382.14.

Accenture Stock Down 0.3%

Shares of ACN traded down $1.02 on Friday, hitting $316.71. The company's stock had a trading volume of 4,012,160 shares, compared to its average volume of 2,996,319. The firm's fifty day moving average price is $302.48 and its 200-day moving average price is $339.04. Accenture plc has a fifty-two week low of $275.01 and a fifty-two week high of $398.35. 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 firm has a market capitalization 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 (NYSE:ACN - Get Free Report) last issued 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. The business had revenue of $16.70 billion for the quarter, compared to analyst estimates of $16.64 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The firm's quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business posted $2.77 earnings per share. On average, equities research analysts expect that Accenture plc will post 12.73 EPS for the current year.

Accenture Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, April 10th were issued 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 1.87%. Accenture's payout ratio is presently 48.89%.

Insider Activity at Accenture

In other news, CEO Julie Spellman Sweet sold 2,284 shares of the firm's 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 transaction, the chief executive officer now directly owns 9,965 shares of the company's stock, valued at $2,806,442.95. This trade represents a 18.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO John F. Walsh sold 2,500 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $325.00, for a total transaction 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 represents a 13.60% decrease in their position. The disclosure for this sale can be found here. In 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 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.