Accenture plc (NYSE:ACN) Shares Acquired by Little House Capital LLC

Little House Capital LLC raised its position in Accenture plc (NYSE:ACN) by 1.7% during the first quarter, Holdings Channel.com reports. The firm owned 9,575 shares of the information technology services provider’s stock after buying an additional 156 shares during the period. Accenture accounts for about 1.1% of Little House Capital LLC’s holdings, making the stock its 28th largest holding. Little House Capital LLC’s holdings in Accenture were worth $3,319,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Chilton Capital Management LLC boosted its stake in Accenture by 180.0% in the 4th quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock worth $25,000 after buying an additional 45 shares during the last quarter. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Accenture in the fourth quarter worth approximately $27,000. Annapolis Financial Services LLC grew its holdings in Accenture by 507.7% in the first quarter. Annapolis Financial Services LLC now owns 79 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 66 shares during the period. Ables Iannone Moore & Associates Inc. purchased a new position in Accenture during the fourth quarter worth approximately $29,000. Finally, Atwood & Palmer Inc. boosted its holdings in shares of Accenture by 214.8% in the 1st quarter. Atwood & Palmer Inc. now owns 85 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 58 shares during the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. TD Cowen decreased their target price on Accenture from $294.00 to $293.00 and set a “hold” rating for the company in a report on Friday, June 21st. Piper Sandler lowered their price target on Accenture from $379.00 to $320.00 and set a “neutral” rating for the company in a report on Monday, June 17th. Robert W. Baird reduced their price objective on Accenture from $372.00 to $345.00 and set a “neutral” rating on the stock in a research note on Thursday, May 16th. Barclays lowered their target price on Accenture from $390.00 to $350.00 and set an “overweight” rating for the company in a research note on Monday, June 17th. Finally, Piper Sandler Companies decreased their price target on Accenture from $379.00 to $320.00 and set a “neutral” rating for the company in a report on Monday, June 17th. Twelve analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and an average price target of $352.74.

Insiders Place Their Bets

In other Accenture news, General Counsel Joel Unruch sold 4,333 shares of Accenture stock in a transaction on Friday, April 19th. The stock was sold at an average price of $316.12, for a total transaction of $1,369,747.96. Following the sale, the general counsel now owns 30,702 shares of the company’s stock, valued at approximately $9,705,516.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Ellyn Shook sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the transaction, the insider now owns 13,699 shares in the company, valued at $4,208,606.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Joel Unruch sold 4,333 shares of the stock in a transaction on Friday, April 19th. The shares were sold at an average price of $316.12, for a total value of $1,369,747.96. Following the transaction, the general counsel now directly owns 30,702 shares of the company’s stock, valued at $9,705,516.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,083 shares of company stock worth $6,302,285. Insiders own 0.07% of the company’s stock.

Accenture Stock Performance

Shares of NYSE ACN traded down $2.12 during trading on Monday, reaching $301.29. The stock had a trading volume of 1,337,492 shares, compared to its average volume of 2,906,158. The firm’s 50 day moving average price is $300.17 and its two-hundred day moving average price is $336.05. Accenture plc has a one year low of $278.69 and a one year high of $387.51. The stock has a market cap of $188.82 billion, a PE ratio of 27.51, a P/E/G ratio of 3.38 and a beta of 1.23.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, June 20th. The information technology services provider reported $3.13 EPS for the quarter, missing the consensus estimate of $3.15 by ($0.02). Accenture had a net margin of 10.79% and a return on equity of 27.48%. The company had revenue of $16.47 billion for the quarter, compared to the consensus estimate of $16.55 billion. During the same period last year, the company posted $3.19 earnings per share. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. On average, research analysts expect that Accenture plc will post 11.95 earnings per share for the current year.

Accenture Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 11th will be given a $1.29 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $5.16 annualized dividend and a yield of 1.71%. Accenture’s dividend payout ratio is presently 47.25%.

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.