Accenture plc (NYSE:ACN) Shares Sold by Sachetta LLC

Sachetta LLC lowered its stake in Accenture plc (NYSE:ACN) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,115 shares of the information technology services provider’s stock after selling 91 shares during the period. Sachetta LLC’s holdings in Accenture were worth $1,448,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Schrum Private Wealth Management LLC lifted its stake in shares of Accenture by 78.6% in the third quarter. Schrum Private Wealth Management LLC now owns 11,448 shares of the information technology services provider’s stock valued at $4,047,000 after purchasing an additional 5,038 shares during the period. MQS Management LLC purchased a new stake in Accenture during the 3rd quarter worth about $1,040,000. Concurrent Investment Advisors LLC lifted its stake in shares of Accenture by 70.6% during the third quarter. Concurrent Investment Advisors LLC now owns 35,591 shares of the information technology services provider’s stock valued at $12,581,000 after buying an additional 14,724 shares during the period. M&G PLC boosted its holdings in shares of Accenture by 34.1% during the third quarter. M&G PLC now owns 292,808 shares of the information technology services provider’s stock worth $103,361,000 after purchasing an additional 74,438 shares during the last quarter. Finally, Radnor Capital Management LLC grew its holdings in Accenture by 21.6% in the 3rd quarter. Radnor Capital Management LLC now owns 22,131 shares of the information technology services provider’s stock valued at $7,823,000 after buying an additional 3,930 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Activity

In other news, insider Angela Beatty sold 375 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.50, for a total transaction of $134,437.50. Following the completion of the sale, the insider now directly owns 5,149 shares of the company’s stock, valued at $1,845,916.50. This trade represents a 6.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Angie Y. Park sold 685 shares of the business’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $354.38, for a total value of $242,750.30. Following the sale, the chief financial officer now directly owns 8,674 shares in the company, valued at $3,073,892.12. This trade represents a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,332 shares of company stock worth $6,172,719. Corporate insiders own 0.02% of the company’s stock.

Accenture Price Performance

Shares of NYSE:ACN opened at $362.65 on Friday. The company has a market cap of $226.94 billion, a PE ratio of 30.42, a P/E/G ratio of 3.20 and a beta of 1.24. The firm has a 50-day simple moving average of $357.19 and a 200 day simple moving average of $346.86. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week high of $387.51.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.16. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The business had revenue of $17.69 billion during the quarter, compared to analysts’ expectations of $17.15 billion. During the same period last year, the firm posted $3.27 earnings per share. The business’s revenue was up 9.0% on a year-over-year basis. On average, sell-side analysts anticipate that Accenture plc will post 12.69 EPS for the current year.

Accenture Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 16th will be issued a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Thursday, January 16th. Accenture’s payout ratio is 49.66%.

Analyst Ratings Changes

A number of research analysts recently weighed in on ACN shares. Wolfe Research upgraded Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 target price on the stock in a report on Wednesday, January 8th. Bank of America boosted their target price on Accenture from $365.00 to $388.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Guggenheim raised their price target on shares of Accenture from $380.00 to $395.00 and gave the company a “buy” rating in a report on Friday, September 27th. Jefferies Financial Group decreased their price objective on shares of Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a research note on Tuesday. Finally, BNP Paribas lowered shares of Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 target price on the stock. in a report on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $383.74.

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.