Occudo Quantitative Strategies LP Takes Position in Accenture plc (NYSE:ACN)

Occudo Quantitative Strategies LP bought a new position in Accenture plc (NYSE:ACN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,034 shares of the information technology services provider's stock, valued at approximately $1,419,000.

Several other large investors have also recently modified their holdings of the stock. FPC Investment Advisory Inc. lifted its position in Accenture by 62.2% in the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider's stock valued at $28,000 after acquiring an additional 28 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Accenture during the fourth quarter valued at $30,000. POM Investment Strategies LLC increased its holdings in Accenture by 64.2% in the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider's stock worth $31,000 after buying an additional 34 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new position in Accenture in the 4th quarter worth about $34,000. Finally, Promus Capital LLC bought a new position in Accenture during the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 75.14% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group dropped their target price on shares of Accenture from $385.00 to $355.00 and set a "hold" rating on the stock in a report on Tuesday, January 21st. UBS Group cut their price objective on Accenture from $455.00 to $387.00 and set a "buy" rating for the company in a report on Friday, March 21st. Royal Bank of Canada lowered their target price on Accenture from $399.00 to $392.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Baird R W raised shares of Accenture from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Finally, Stifel Nicolaus dropped their price objective on shares of Accenture from $390.00 to $380.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Seven 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 company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $381.76.

Insider Transactions at Accenture

In other news, insider Angela Beatty sold 169 shares of the company's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $281.90, for a total value of $47,641.10. Following the sale, the insider now owns 5,364 shares in the company, valued at $1,512,111.60. This represents a 3.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Julie Spellman Sweet sold 2,284 shares of Accenture stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $281.63, for a total value of $643,242.92. Following the transaction, the chief executive officer now owns 9,965 shares of the company's stock, valued at approximately $2,806,442.95. This represents a 18.65% decrease in their ownership of the stock. 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 three months. 0.02% of the stock is currently owned by insiders.

Accenture Stock Down 1.8%

NYSE:ACN traded down $5.76 during mid-day trading on Friday, hitting $317.45. 3,967,388 shares of the company's stock traded hands, compared to its average volume of 2,993,760. Accenture plc has a twelve month low of $275.01 and a twelve month high of $398.35. The company has a market capitalization of $198.83 billion, a P/E ratio of 26.63, a P/E/G 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. The company has a fifty day moving average of $302.81 and a 200 day moving average of $341.53.

Accenture (NYSE:ACN - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.81 by $0.01. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The business had revenue of $16.70 billion for the quarter, compared to analyst estimates of $16.64 billion. During the same quarter in the prior year, the business posted $2.77 EPS. Accenture's revenue for the quarter was up 5.7% compared to the same quarter last year. On average, analysts forecast that Accenture plc will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th were issued a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date was Thursday, April 10th. Accenture's dividend payout ratio is presently 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.