Sather Financial Group Inc Sells 283 Shares of Accenture plc (NYSE:ACN)

Sather Financial Group Inc cut its position in shares of Accenture plc (NYSE:ACN) by 0.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 133,535 shares of the information technology services provider’s stock after selling 283 shares during the period. Accenture comprises approximately 2.9% of Sather Financial Group Inc’s investment portfolio, making the stock its 16th biggest holding. Sather Financial Group Inc’s holdings in Accenture were worth $46,976,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. CX Institutional increased its stake in Accenture by 432.8% during the third quarter. CX Institutional now owns 18,840 shares of the information technology services provider’s stock worth $6,660,000 after acquiring an additional 15,304 shares during the last quarter. Creative Planning increased its position in Accenture by 5.5% during the third quarter. Creative Planning now owns 247,724 shares of the information technology services provider’s stock valued at $87,566,000 after acquiring an additional 12,993 shares during the last quarter. NBC Securities Inc. lifted its holdings in shares of Accenture by 0.6% in the 3rd quarter. NBC Securities Inc. now owns 5,206 shares of the information technology services provider’s stock worth $1,840,000 after acquiring an additional 30 shares during the last quarter. Birch Capital Management LLC grew its holdings in Accenture by 5.2% during the 3rd quarter. Birch Capital Management LLC now owns 18,226 shares of the information technology services provider’s stock valued at $6,443,000 after purchasing an additional 900 shares during the last quarter. Finally, Swedbank AB lifted its stake in Accenture by 16.6% in the third quarter. Swedbank AB now owns 2,551,679 shares of the information technology services provider’s stock worth $901,967,000 after purchasing an additional 363,401 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Julie Spellman Sweet sold 8,793 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $394.47, for a total value of $3,468,574.71. Following the transaction, the chief executive officer now owns 11,858 shares in the company, valued at $4,677,625.26. This trade represents a 42.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Melissa A. Burgum sold 1,487 shares of Accenture stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $354.54, for a total transaction of $527,200.98. Following the sale, the chief accounting officer now directly owns 9,247 shares in the company, valued at approximately $3,278,431.38. This trade represents a 13.85 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,280 shares of company stock worth $8,316,190. Company insiders own 0.02% of the company’s stock.

Accenture Stock Performance

ACN opened at $390.21 on Wednesday. The firm has a 50 day moving average of $362.81 and a two-hundred day moving average of $352.74. The firm has a market capitalization of $244.19 billion, a PE ratio of 32.74, a P/E/G ratio of 3.44 and a beta of 1.24. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. Accenture plc has a 12-month low of $278.69 and a 12-month high of $398.35.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $0.16. The company had revenue of $17.69 billion during the quarter, compared to the consensus estimate of $17.15 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.27 earnings per share. On average, analysts anticipate that Accenture plc will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The company also recently declared 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. The ex-dividend date is Thursday, January 16th. This represents a $5.92 annualized dividend and a yield of 1.52%. Accenture’s dividend payout ratio is presently 49.66%.

Analyst Ratings Changes

A number of brokerages recently issued reports on ACN. Wolfe Research raised Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price target for the company in a research note on Wednesday, January 8th. StockNews.com upgraded shares of Accenture from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Robert W. Baird restated a “neutral” rating and set a $370.00 price objective on shares of Accenture in a report on Tuesday, December 3rd. UBS Group increased their target price on shares of Accenture from $450.00 to $455.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Accenture from $370.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, Accenture has an average rating of “Moderate Buy” and an average price target of $387.22.

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.