Slow Capital Inc. Purchases 74 Shares of Accenture plc (NYSE:ACN)

Slow Capital Inc. raised its position in Accenture plc (NYSE:ACN) by 0.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 8,566 shares of the information technology services provider’s stock after acquiring an additional 74 shares during the quarter. Slow Capital Inc.’s holdings in Accenture were worth $3,006,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Chilton Capital Management LLC increased 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 buying an additional 45 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of Accenture during the first quarter valued at about $28,000. BluePath Capital Management LLC purchased a new position in shares of Accenture in the 3rd quarter valued at approximately $31,000. Halpern Financial Inc. acquired a new stake in Accenture in 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 owned by institutional investors and hedge funds.

Insider Transactions at Accenture

In related news, COO John F. Walsh sold 8,000 shares of Accenture stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $332.13, for a total value of $2,657,040.00. Following the sale, the chief operating officer now directly owns 17,877 shares in the company, valued at approximately $5,937,488.01. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Manish Sharma sold 1,486 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $370.39, for a total value of $550,399.54. Following the transaction, the chief executive officer now directly owns 4,503 shares of the company’s stock, valued at $1,667,866.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO John F. Walsh sold 8,000 shares of the stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $332.13, for a total transaction of $2,657,040.00. Following the completion of the sale, the chief operating officer now owns 17,877 shares of the company’s stock, valued at approximately $5,937,488.01. The disclosure for this sale can be found here. Insiders sold 31,000 shares of company stock valued at $11,146,998 over the last 90 days. Corporate insiders own 0.07% of the company’s stock.

Accenture Stock Up 0.2 %

Shares of NYSE:ACN traded up $0.67 during trading on Wednesday, reaching $313.94. 2,900,382 shares of the company’s stock traded hands, compared to its average volume of 3,239,222. Accenture plc has a fifty-two week low of $261.68 and a fifty-two week high of $387.51. The company has a 50-day simple moving average of $358.39 and a 200-day simple moving average of $342.14. The firm has a market cap of $210.57 billion, a PE ratio of 28.46, a P/E/G ratio of 2.97 and a beta of 1.19.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $15.85 billion. During the same period last year, the company earned $2.69 earnings per share. Accenture’s quarterly revenue was down .1% compared to the same quarter last year. On average, equities research analysts forecast that Accenture plc will post 12.09 EPS for the current year.

Accenture Announces Dividend

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

Wall Street Analysts Forecast Growth

ACN has been the subject of several research reports. BMO Capital Markets lowered their price objective on shares of Accenture from $385.00 to $375.00 and set a “market perform” rating for the company in a research note on Friday, March 22nd. Stifel Nicolaus lifted their price target on Accenture from $363.00 to $395.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Royal Bank of Canada increased their price objective on Accenture from $374.00 to $381.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Morgan Stanley lifted their target price on Accenture from $400.00 to $417.00 and gave the stock an “overweight” rating in a report on Monday, March 18th. Finally, UBS Group increased their price target on shares of Accenture from $365.00 to $400.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $387.00.

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.