Yousif Capital Management LLC Has $25.10 Million Stake in Accenture plc (NYSE:ACN)

Yousif Capital Management LLC reduced its stake in shares of Accenture plc (NYSE:ACN - Free Report) by 1.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 80,445 shares of the information technology services provider's stock after selling 1,075 shares during the quarter. Yousif Capital Management LLC's holdings in Accenture were worth $25,102,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank purchased a new stake in Accenture during the 4th quarter worth $2,351,683,000. GAMMA Investing LLC increased its position in shares of Accenture by 30,256.8% during the first quarter. GAMMA Investing LLC now owns 3,421,519 shares of the information technology services provider's stock worth $1,067,651,000 after acquiring an additional 3,410,248 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Accenture by 22.8% in the fourth quarter. Wellington Management Group LLP now owns 12,175,518 shares of the information technology services provider's stock valued at $4,283,225,000 after purchasing an additional 2,260,740 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Accenture during the 4th quarter worth approximately $666,495,000. Finally, Capital Research Global Investors grew its position in shares of Accenture by 16.8% during the fourth quarter. Capital Research Global Investors now owns 12,295,748 shares of the information technology services provider's stock worth $4,325,526,000 after buying an additional 1,770,024 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company's stock.

Analysts Set New Price Targets

ACN has been the subject of several recent analyst reports. Royal Bank of Canada decreased their price objective 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. BMO Capital Markets lifted their target price on Accenture to $355.00 and gave the stock a "hold" rating in a research report on Wednesday, March 26th. Robert W. Baird upgraded Accenture from a "neutral" rating to an "outperform" rating and set a $390.00 price objective on the stock in a research note on Monday, March 17th. Barclays lowered their target price on shares of Accenture from $415.00 to $390.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. Finally, Mizuho lowered their price objective on shares of Accenture from $428.00 to $398.00 and set an "outperform" rating for the company in a research report on Wednesday, March 19th. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $382.15.

Insiders Place Their Bets

In other news, General Counsel Joel Unruch sold 3,563 shares of the firm's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $281.78, for a total transaction of $1,003,982.14. Following the completion of the sale, the general counsel now owns 17,237 shares of the company's stock, valued at approximately $4,857,041.86. This trade represents a 17.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction of $812,500.00. Following the completion of the sale, the chief operating officer now owns 15,882 shares of the company's stock, valued at $5,161,650. The trade was 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 worth $2,507,366 over the last quarter. Company insiders own 0.02% of the company's stock.

Accenture Trading Down 2.1%

Shares of ACN stock traded down $6.76 during trading hours on Friday, reaching $311.37. 3,102,635 shares of the stock traded hands, compared to its average volume of 2,958,057. Accenture plc has a 1-year low of $275.01 and a 1-year 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 $195.02 billion, a PE ratio of 26.12, a PEG ratio of 3.23 and a beta of 1.33. The business has a fifty day moving average price of $304.89 and a 200 day moving average price of $336.13.

Accenture (NYSE:ACN - Get Free Report) last issued 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 business had revenue of $16.70 billion for 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%. The firm's revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business earned $2.77 EPS. On average, equities research analysts forecast that Accenture plc will post 12.73 EPS for the current year.

Accenture Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, April 10th were paid a $1.48 dividend. The ex-dividend date was Thursday, April 10th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.90%. Accenture's payout ratio is 48.89%.

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.