Yousif Capital Management LLC Sells 2,210 Shares of Accenture plc (NYSE:ACN)

Yousif Capital Management LLC decreased its stake in Accenture plc (NYSE:ACNFree Report) by 2.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 81,520 shares of the information technology services provider’s stock after selling 2,210 shares during the quarter. Yousif Capital Management LLC’s holdings in Accenture were worth $28,678,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ACN. Morse Asset Management Inc acquired a new position in Accenture in the 3rd quarter valued at approximately $25,000. MidAtlantic Capital Management Inc. acquired a new position in Accenture in the 3rd quarter valued at approximately $30,000. Retirement Wealth Solutions LLC acquired a new position in Accenture in the 4th quarter valued at approximately $34,000. Mowery & Schoenfeld Wealth Management LLC increased its position in Accenture by 607.1% in the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the information technology services provider’s stock valued at $35,000 after acquiring an additional 85 shares during the period. Finally, Berbice Capital Management LLC acquired a new position in Accenture in the 4th quarter valued at approximately $35,000. Institutional investors own 75.14% of the company’s stock.

Accenture Stock Up 1.8 %

Shares of NYSE:ACN opened at $391.98 on Wednesday. Accenture plc has a 52-week low of $278.69 and a 52-week high of $392.45. The firm has a market capitalization of $245.30 billion, a P/E ratio of 32.88, a P/E/G ratio of 3.43 and a beta of 1.24. The stock has a 50 day moving average price of $360.05 and a 200-day moving average price of $350.64. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47.

Accenture (NYSE:ACNGet Free Report) last posted its quarterly earnings data on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.16. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The company had revenue of $17.69 billion during the quarter, compared to analyst estimates of $17.15 billion. During the same quarter last year, the company earned $3.27 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. As a group, equities research analysts anticipate that Accenture plc will post 12.69 EPS for the current fiscal year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be given a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Thursday, January 16th. Accenture’s dividend payout ratio (DPR) is presently 49.66%.

Analysts Set New Price Targets

Several research firms have recently weighed in on ACN. Morgan Stanley increased their price objective on shares of Accenture from $335.00 to $380.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. BMO Capital Markets increased their price objective on shares of Accenture from $390.00 to $425.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Piper Sandler increased their price objective on shares of Accenture from $422.00 to $429.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Wolfe Research upgraded shares of Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price objective for the company in a research report on Wednesday, January 8th. Finally, 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 report on Tuesday, January 21st. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $387.22.

Get Our Latest Stock Report on ACN

Insider Activity at Accenture

In related news, General Counsel Joel Unruch sold 4,750 shares of Accenture stock in a transaction on Friday, January 24th. The stock was sold at an average price of $362.78, for a total transaction of $1,723,205.00. Following the transaction, the general counsel now directly owns 20,526 shares in the company, valued at approximately $7,446,422.28. The trade was a 18.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Angela Beatty sold 375 shares of Accenture stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.50, for a total value of $134,437.50. Following the transaction, the insider now owns 5,149 shares in the company, valued at $1,845,916.50. This trade represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,255 shares of company stock valued at $4,756,101 in the last 90 days. Corporate insiders own 0.02% of the company’s stock.

Accenture Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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