Autumn Glory Partners LLC Sells 1,924 Shares of Accenture plc (NYSE:ACN)

Autumn Glory Partners LLC decreased its holdings in shares of Accenture plc (NYSE:ACN) by 24.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,893 shares of the information technology services provider’s stock after selling 1,924 shares during the period. Accenture accounts for 1.0% of Autumn Glory Partners LLC’s portfolio, making the stock its 28th largest position. Autumn Glory Partners LLC’s holdings in Accenture were worth $2,073,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Creative Planning increased its position in shares of 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 in the last quarter. Swedbank AB increased its position in shares of Accenture by 16.6% during the third quarter. Swedbank AB now owns 2,551,679 shares of the information technology services provider’s stock valued at $901,967,000 after acquiring an additional 363,401 shares in the last quarter. Cornerstone Wealth Management LLC increased its position in shares of Accenture by 45.8% during the third quarter. Cornerstone Wealth Management LLC now owns 1,874 shares of the information technology services provider’s stock valued at $662,000 after acquiring an additional 589 shares in the last quarter. Kowal Investment Group LLC bought a new stake in shares of Accenture during the third quarter valued at approximately $222,000. Finally, Probity Advisors Inc. bought a new stake in shares of Accenture during the third quarter valued at approximately $208,000. Institutional investors own 75.14% of the company’s stock.

Accenture Stock Down 0.4 %

Shares of NYSE ACN opened at $387.99 on Friday. The firm’s 50-day moving average price is $364.78 and its 200-day moving average price is $353.68. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $242.80 billion, a price-to-earnings ratio of 32.55, a P/E/G ratio of 3.44 and a beta of 1.24. Accenture plc has a 12-month low of $278.69 and a 12-month high of $398.35.

Accenture (NYSE:ACN) last announced its earnings results 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. The firm had revenue of $17.69 billion for the quarter, compared to analysts’ expectations of $17.15 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company earned $3.27 EPS. On average, equities research analysts anticipate that Accenture plc will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 16th were issued a dividend of $1.48 per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $5.92 annualized dividend and a yield of 1.53%. Accenture’s payout ratio is 49.66%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Accenture from $370.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Jefferies Financial Group dropped their target price on shares of Accenture from $385.00 to $355.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. Piper Sandler raised their target price on shares of Accenture from $422.00 to $429.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. BMO Capital Markets raised their target price on shares of Accenture from $390.00 to $425.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Finally, Robert W. Baird restated a “neutral” rating and issued a $370.00 target price on shares of Accenture in a report on Tuesday, December 3rd. 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $387.22.

Insider Activity at Accenture

In related news, CFO Angie Y. Park sold 685 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $354.38, for a total transaction of $242,750.30. Following the transaction, the chief financial officer now directly owns 8,674 shares in the company, valued at approximately $3,073,892.12. This represents a 7.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Angela Beatty sold 375 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.50, for a total transaction of $134,437.50. Following the transaction, the insider now owns 5,149 shares in the company, valued at $1,845,916.50. The trade was a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,280 shares of company stock worth $8,316,190. Insiders own 0.02% of the company’s stock.

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.