Interval Partners LP Buys Shares of 6,371 Accenture plc (NYSE:ACN)

Interval Partners LP purchased a new position in shares of Accenture plc (NYSE:ACN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,371 shares of the information technology services provider's stock, valued at approximately $2,241,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Baldwin Wealth Partners LLC MA increased its position in shares of Accenture by 6.5% in the fourth quarter. Baldwin Wealth Partners LLC MA now owns 63,429 shares of the information technology services provider's stock valued at $22,314,000 after buying an additional 3,883 shares in the last quarter. Davidson Trust Co. grew its stake in Accenture by 7.4% in the 4th quarter. Davidson Trust Co. now owns 2,307 shares of the information technology services provider's stock valued at $812,000 after acquiring an additional 158 shares during the last quarter. China Universal Asset Management Co. Ltd. increased its holdings in Accenture by 37.5% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 3,094 shares of the information technology services provider's stock valued at $1,088,000 after acquiring an additional 843 shares in the last quarter. SteelPeak Wealth LLC raised its position in Accenture by 127.1% during the fourth quarter. SteelPeak Wealth LLC now owns 2,323 shares of the information technology services provider's stock worth $817,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Capital Research Global Investors lifted its holdings in shares of Accenture by 16.8% in the fourth quarter. Capital Research Global Investors now owns 12,295,748 shares of the information technology services provider's stock valued at $4,325,526,000 after purchasing an additional 1,770,024 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company's stock.

Accenture Trading Up 0.9%

Shares of NYSE ACN traded up $2.76 during trading on Thursday, hitting $323.17. 3,047,632 shares of the company traded hands, compared to its average volume of 2,993,170. Accenture plc has a 1 year low of $275.01 and a 1 year high of $398.35. The firm has a market capitalization of $202.41 billion, a P/E ratio of 27.11, a P/E/G ratio of 3.23 and a beta of 1.35. 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 company has a 50-day moving average price of $303.05 and a 200-day moving average price of $341.80.

Accenture (NYSE:ACN - Get Free Report) last released 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 company 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 company's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business posted $2.77 EPS. On average, equities analysts predict that Accenture plc will post 12.73 EPS for the current year.

Accenture Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th will be given a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 1.83%. The ex-dividend date is Thursday, April 10th. Accenture's dividend payout ratio (DPR) is presently 48.89%.

Insiders Place Their Bets

In related news, CEO Julie Spellman Sweet sold 2,284 shares of Accenture stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $281.63, for a total value of $643,242.92. Following the completion of the transaction, the chief executive officer now directly owns 9,965 shares in the company, valued at approximately $2,806,442.95. This trade represents a 18.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO John F. Walsh sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $325.00, for a total value of $812,500.00. Following the sale, the chief operating officer now owns 15,882 shares in the company, 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 have sold a total of 8,516 shares of company stock worth $2,507,366 over the last quarter. 0.02% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on ACN shares. BMO Capital Markets lifted their price objective on Accenture to $355.00 and gave the stock a "hold" rating in a research report on Wednesday, March 26th. Royal Bank of Canada cut their price target on Accenture from $399.00 to $392.00 and set an "outperform" rating for the company in a report on Friday, March 21st. UBS Group reduced their price objective on Accenture from $455.00 to $387.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Barclays dropped their price objective on Accenture from $415.00 to $390.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. Finally, Baird R W upgraded shares of Accenture from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Eight equities research 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $377.82.

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.