Federated Hermes Inc. Has $72.82 Million Stock Holdings in Accenture plc (NYSE:ACN)

Federated Hermes Inc. trimmed its position in Accenture plc (NYSE:ACN - Free Report) by 38.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 207,521 shares of the information technology services provider's stock after selling 130,891 shares during the quarter. Federated Hermes Inc.'s holdings in Accenture were worth $72,821,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Chilton Capital Management LLC boosted its position in Accenture by 180.0% during the 4th quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider's stock valued at $25,000 after acquiring an additional 45 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in Accenture in the first quarter valued at about $28,000. BluePath Capital Management LLC bought a new position in Accenture in the third quarter worth about $31,000. Halpern Financial Inc. purchased a new stake in shares of Accenture during the fourth quarter valued at about $31,000. Finally, RVW Wealth LLC bought a new stake in shares of Accenture in the 3rd quarter valued at about $33,000. Institutional investors own 75.14% of the company's stock.

Accenture Stock Up 0.3 %

Shares of ACN stock traded up $0.88 during trading hours on Friday, hitting $316.88. 3,381,158 shares of the company were exchanged, compared to its average volume of 2,390,528. The firm has a fifty day moving average of $355.21 and a 200 day moving average of $341.83. Accenture plc has a 1 year low of $261.68 and a 1 year high of $387.51. The firm has a market cap of $212.54 billion, a PE ratio of 28.73, a PEG ratio of 2.98 and a beta of 1.19.

Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings results on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share for the quarter, beating analysts' consensus estimates of $2.66 by $0.11. The company had revenue of $15.80 billion for the quarter, compared to analyst estimates of $15.85 billion. Accenture had a net margin of 10.89% and a return on equity of 28.30%. Accenture's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the business earned $2.69 EPS. Analysts expect that Accenture plc will post 12.09 earnings per share for the current year.

Accenture Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th will be issued a $1.29 dividend. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.63%. Accenture's dividend payout ratio (DPR) is 46.78%.

Analysts Set New Price Targets

ACN has been the topic of a number of recent analyst reports. Piper Sandler upped their price target on Accenture from $335.00 to $394.00 and gave the stock a "neutral" rating in a research report on Monday, March 18th. TD Cowen reduced their price target on Accenture from $363.00 to $350.00 and set a "market perform" rating for the company in a research report on Friday, March 22nd. Morgan Stanley upped their price objective on shares of Accenture from $400.00 to $417.00 and gave the stock an "overweight" rating in a research report on Monday, March 18th. Mizuho reiterated a "buy" rating and set a $398.00 target price (down previously from $426.00) on shares of Accenture in a research report on Friday, March 22nd. Finally, Redburn Atlantic raised their price target on shares of Accenture from $410.00 to $445.00 and gave the company a "buy" rating in a research note on Tuesday, March 19th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Accenture presently has a consensus rating of "Moderate Buy" and a consensus price target of $387.00.

Insider Transactions at Accenture

In other Accenture news, CAO Melissa A. Burgum sold 3,010 shares of Accenture stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $371.80, for a total transaction of $1,119,118.00. Following the transaction, the chief accounting officer now directly owns 9,193 shares of the company's stock, valued at $3,417,957.40. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Manish Sharma sold 1,486 shares of Accenture stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $370.39, for a total transaction of $550,399.54. Following the sale, the chief executive officer now owns 4,503 shares in the company, valued at $1,667,866.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Melissa A. Burgum sold 3,010 shares of the firm's stock in a transaction on Friday, January 26th. The shares were sold at an average price of $371.80, for a total transaction of $1,119,118.00. Following the sale, the chief accounting officer now directly owns 9,193 shares of the company's stock, valued at $3,417,957.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,500 shares of company stock worth $12,276,123. 0.07% of the stock is currently owned by company insiders.

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.