Accenture plc (NYSE:ACN) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. cut its stake in Accenture plc (NYSE:ACN - Free Report) by 2.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 299,066 shares of the information technology services provider's stock after selling 8,000 shares during the quarter. Accenture comprises about 0.9% of Mn Services Vermogensbeheer B.V.'s portfolio, making the stock its 21st biggest position. Mn Services Vermogensbeheer B.V.'s holdings in Accenture were worth $104,945,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Chilton Capital Management LLC lifted its holdings in shares of Accenture by 180.0% in the 4th quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider's stock valued at $25,000 after buying an additional 45 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in Accenture in the 1st quarter worth about $28,000. BluePath Capital Management LLC purchased a new stake in Accenture during the 3rd quarter worth approximately $31,000. Halpern Financial Inc. purchased a new stake in Accenture during the 4th quarter worth approximately $31,000. Finally, RVW Wealth LLC purchased a new stake in Accenture during the 3rd quarter worth approximately $33,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Kathleen R. Mcclure sold 851 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $371.77, for a total value of $316,376.27. Following the sale, the chief financial officer now directly owns 50,737 shares in the company, valued at $18,862,494.49. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Kathleen R. Mcclure sold 851 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $371.77, for a total value of $316,376.27. Following the sale, the chief financial officer now directly owns 50,737 shares in the company, valued at $18,862,494.49. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ellyn Shook sold 5,000 shares of the stock in a transaction on Friday, January 26th. The shares were sold at an average price of $371.81, for a total value of $1,859,050.00. Following the completion of the sale, the insider now owns 20,316 shares in the company, valued at $7,553,691.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,000 shares of company stock worth $11,146,998. Corporate insiders own 0.07% of the company's stock.

Accenture Stock Down 3.0 %

NYSE:ACN traded down $9.79 during trading hours on Friday, reaching $315.40. 4,207,862 shares of the stock were exchanged, compared to its average volume of 3,180,421. The business has a 50-day moving average of $360.55 and a two-hundred day moving average of $341.81. Accenture plc has a twelve month low of $261.68 and a twelve month high of $387.51. The company has a market capitalization of $211.55 billion, a price-to-earnings ratio of 28.59, a PEG ratio of 3.08 and a beta of 1.19.

Accenture (NYSE:ACN - Get Free Report) last released its quarterly earnings results on Thursday, March 21st. The information technology services provider reported $2.77 EPS for the quarter, topping analysts' consensus estimates of $2.66 by $0.11. Accenture had a return on equity of 28.30% and a net margin of 10.89%. The company had revenue of $15.80 billion for the quarter, compared to analysts' expectations of $15.85 billion. During the same period in the prior year, the firm earned $2.69 earnings per share. The firm's revenue was down .1% compared to the same quarter last year. On average, research analysts forecast that Accenture plc will post 12.09 EPS for the current fiscal year.

Accenture Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th will be paid a $1.29 dividend. This represents a $5.16 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Wednesday, April 10th. Accenture's payout ratio is currently 46.78%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Citigroup cut their price objective on Accenture from $430.00 to $400.00 and set a "buy" rating for the company in a research note on Friday, March 22nd. BMO Capital Markets cut their price objective on Accenture from $385.00 to $375.00 and set a "market perform" rating for the company in a research note on Friday, March 22nd. Bank of America boosted their price objective on Accenture from $379.00 to $419.00 and gave the stock a "buy" rating in a research note on Thursday, March 7th. Susquehanna restated a "neutral" rating and issued a $360.00 price target (down from $400.00) on shares of Accenture in a research report on Thursday, March 21st. Finally, Piper Sandler upped their price target on Accenture from $335.00 to $394.00 and gave the company a "neutral" rating in a research report on Monday, March 18th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $387.00.

About Accenture

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.