DDD Partners LLC Sells 218 Shares of Accenture plc (NYSE:ACN)

DDD Partners LLC decreased its holdings in shares of Accenture plc (NYSE:ACN) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,803 shares of the information technology services provider’s stock after selling 218 shares during the quarter. DDD Partners LLC’s holdings in Accenture were worth $8,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. First Foundation Advisors grew its position in shares of Accenture by 6.8% during the 2nd quarter. First Foundation Advisors now owns 11,574 shares of the information technology services provider’s stock valued at $3,572,000 after purchasing an additional 741 shares in the last quarter. BOKF NA grew its position in shares of Accenture by 0.6% during the 2nd quarter. BOKF NA now owns 45,759 shares of the information technology services provider’s stock valued at $14,120,000 after purchasing an additional 276 shares in the last quarter. New Republic Capital LLC purchased a new position in Accenture in the second quarter worth $606,000. Ameriprise Financial Inc. grew its position in Accenture by 2.3% in the third quarter. Ameriprise Financial Inc. now owns 4,284,770 shares of the information technology services provider’s stock worth $1,315,832,000 after acquiring an additional 96,414 shares in the last quarter. Finally, Dash Acquisitions Inc. grew its position in Accenture by 1.0% in the third quarter. Dash Acquisitions Inc. now owns 34,043 shares of the information technology services provider’s stock worth $10,361,000 after acquiring an additional 330 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Insiders Place Their Bets

In other news, COO John F. Walsh sold 8,000 shares of the firm’s stock in a transaction on 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 sale, the chief operating officer now directly owns 17,877 shares in the company, valued at approximately $5,937,488.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Accenture news, COO John F. Walsh sold 8,000 shares of Accenture stock in a transaction on Monday, March 25th. The shares were 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Melissa A. Burgum sold 3,010 shares of Accenture stock in a transaction on Friday, January 26th. The shares were sold at an average price of $371.80, for a total transaction of $1,119,118.00. Following the completion of the sale, the chief accounting officer now owns 9,193 shares in the company, valued at $3,417,957.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,000 shares of company stock worth $11,146,998. Company insiders own 0.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ACN shares. Stifel Nicolaus upped their target price on shares of Accenture from $363.00 to $395.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Guggenheim started coverage on shares of Accenture in a research report on Tuesday, March 19th. They issued a “buy” rating and a $425.00 target price for the company. Wedbush upped their target price on shares of Accenture from $330.00 to $360.00 and gave the stock an “outperform” rating in a research report on Thursday, December 14th. StockNews.com lowered shares of Accenture from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd. Finally, Bank of America upped their price target on shares of Accenture from $379.00 to $419.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $387.00.

Accenture Trading Up 1.4 %

Shares of ACN stock opened at $340.96 on Thursday. Accenture plc has a 12-month low of $261.68 and a 12-month high of $387.51. The firm’s 50 day moving average is $369.38 and its 200 day moving average is $340.37. The stock has a market capitalization of $213.89 billion, a P/E ratio of 30.91, a P/E/G ratio of 3.16 and a beta of 1.20.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.11. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The company had revenue of $15.80 billion for the quarter, compared to analysts’ expectations of $15.85 billion. During the same quarter last year, the company posted $2.69 earnings per share. The firm’s quarterly revenue was down .1% on a year-over-year basis. As a group, equities analysts predict that Accenture plc will post 12.1 earnings per share for the current year.

Accenture Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders 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 yield of 1.51%. Accenture’s payout ratio is presently 46.78%.

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.