J. Goldman & Co LP Takes Position in Accenture plc (NYSE:ACN)

J. Goldman & Co LP bought a new position in shares of Accenture plc (NYSE:ACN - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 28,900 shares of the information technology services provider's stock, valued at approximately $10,167,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FPC Investment Advisory Inc. increased its holdings in Accenture by 62.2% during 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 period. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Accenture during the fourth quarter worth approximately $30,000. POM Investment Strategies LLC grew its holdings in Accenture by 64.2% during the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider's stock worth $31,000 after acquiring an additional 34 shares in the last quarter. Retirement Wealth Solutions LLC acquired a new position in shares of Accenture during the fourth quarter worth $34,000. Finally, Promus Capital LLC acquired a new stake in Accenture in the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 75.14% of the company's stock.

Insider Activity

In other news, General Counsel Joel Unruch sold 3,563 shares of the business'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 value of $1,003,982.14. Following the completion of the transaction, the general counsel now owns 17,237 shares of the company's stock, valued at $4,857,041.86. The trade was a 17.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Angela Beatty sold 169 shares of the firm's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $281.90, for a total transaction of $47,641.10. Following the sale, the insider now owns 5,364 shares in the company, valued at approximately $1,512,111.60. This trade represents a 3.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,016 shares of company stock worth $1,694,866 over the last three months. 0.02% of the stock is currently owned by corporate insiders.

Accenture Stock Down 0.3 %

Accenture stock opened at $307.85 on Friday. The firm has a market capitalization of $192.82 billion, a price-to-earnings ratio of 25.83, a price-to-earnings-growth ratio of 3.23 and a beta of 1.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. Accenture plc has a fifty-two week low of $275.01 and a fifty-two week high of $398.35. The stock's fifty day moving average is $304.36 and its two-hundred day moving average is $342.50.

Accenture (NYSE:ACN - Get Free Report) last posted its earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.01. The firm had revenue of $16.70 billion during the quarter, compared to the consensus estimate of $16.64 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the firm posted $2.77 EPS. Analysts predict that Accenture plc will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th will be given a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 1.92%. The ex-dividend date is Thursday, April 10th. Accenture's payout ratio is 48.89%.

Analyst Ratings Changes

A number of research firms have recently commented on ACN. Royal Bank of Canada dropped their price objective on Accenture from $399.00 to $392.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Guggenheim reduced their price objective on shares of Accenture from $400.00 to $395.00 and set a "buy" rating for the company in a research report on Friday, March 21st. BMO Capital Markets increased their target price on shares of Accenture to $355.00 and gave the company a "hold" rating in a research report on Wednesday, March 26th. Mizuho reduced their price target 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. Finally, StockNews.com cut Accenture from a "buy" rating to a "hold" rating in a research report on Tuesday, March 11th. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Accenture currently has an average rating of "Moderate Buy" and a consensus price target of $377.82.

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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