Vident Advisory LLC Reduces Position in Accenture plc (NYSE:ACN)

Vident Advisory LLC lessened its holdings in shares of Accenture plc (NYSE:ACN - Free Report) by 21.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,763 shares of the information technology services provider's stock after selling 4,122 shares during the period. Vident Advisory LLC's holdings in Accenture were worth $5,195,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Visionary Wealth Advisors boosted its position in shares of Accenture by 3.5% during the fourth quarter. Visionary Wealth Advisors now owns 778 shares of the information technology services provider's stock valued at $274,000 after buying an additional 26 shares during the period. Vivaldi Capital Management LP raised its stake in shares of Accenture by 3.6% during the fourth quarter. Vivaldi Capital Management LP now owns 782 shares of the information technology services provider's stock valued at $292,000 after acquiring an additional 27 shares in the last quarter. WBI Investments LLC bought a new stake in shares of Accenture during the fourth quarter valued at approximately $1,956,000. Wimmer Associates 1 LLC raised its stake in shares of Accenture by 2.0% during the fourth quarter. Wimmer Associates 1 LLC now owns 2,060 shares of the information technology services provider's stock valued at $725,000 after acquiring an additional 40 shares in the last quarter. Finally, St. Clair Advisors LLC bought a new stake in shares of Accenture during the fourth quarter valued at approximately $686,000. Hedge funds and other institutional investors own 75.14% of the company's stock.

Insider Activity

In other Accenture news, General Counsel Joel Unruch sold 3,563 shares of the company's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $281.78, for a total value of $1,003,982.14. Following the sale, the general counsel now directly owns 17,237 shares of the company's stock, valued at approximately $4,857,041.86. This represents a 17.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Angela Beatty sold 169 shares of the company's stock in a transaction on 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 directly owns 5,364 shares in the company, valued at approximately $1,512,111.60. The trade was a 3.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,516 shares of company stock valued at $2,507,366 over the last ninety days. 0.02% of the stock is currently owned by insiders.

Accenture Price Performance

NYSE ACN opened at $319.16 on Tuesday. The firm has a market capitalization of $199.90 billion, a P/E ratio of 26.78, a P/E/G ratio of 3.23 and a beta of 1.35. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. Accenture plc has a 12-month low of $275.01 and a 12-month high of $398.35. The firm's fifty day simple moving average is $302.50 and its two-hundred day simple moving average is $340.97.

Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, beating analysts' consensus estimates of $2.81 by $0.01. The firm 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 business's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.77 earnings per share. Analysts forecast that Accenture plc will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th were issued a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date was Thursday, April 10th. Accenture's dividend payout ratio (DPR) is presently 48.89%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ACN. StockNews.com downgraded shares of Accenture from a "buy" rating to a "hold" rating in a research note on Tuesday, March 11th. BMO Capital Markets lifted their price target on shares of Accenture to $355.00 and gave the company a "hold" rating in a research note on Wednesday, March 26th. UBS Group decreased their price target on shares of Accenture from $455.00 to $387.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Jefferies Financial Group reduced their price objective on shares of Accenture from $385.00 to $355.00 and set a "hold" rating for the company in a research note on Tuesday, January 21st. Finally, Mizuho reduced their price objective on shares of Accenture from $428.00 to $398.00 and set an "outperform" rating for the company in a research note on Wednesday, March 19th. Seven research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Accenture presently has an average rating of "Moderate Buy" and a consensus price target of $381.76.

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.

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