Seelaus Asset Management LLC Sells 312 Shares of Accenture plc (NYSE:ACN)

Seelaus Asset Management LLC reduced its stake in shares of Accenture plc (NYSE:ACN) by 26.9% in the fourth quarter, HoldingsChannel reports. The firm owned 850 shares of the information technology services provider’s stock after selling 312 shares during the period. Seelaus Asset Management LLC’s holdings in Accenture were worth $298,000 as of its most recent SEC filing.

Other large 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 purchasing an additional 45 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of Accenture in the first quarter worth $28,000. BluePath Capital Management LLC acquired a new stake in shares of Accenture during the third quarter worth $31,000. Halpern Financial Inc. purchased a new stake in shares of Accenture during the fourth quarter valued at $31,000. Finally, RVW Wealth LLC acquired a new position in shares of Accenture in the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Accenture Trading Up 0.3 %

Shares of ACN opened at $325.34 on Friday. The firm has a market cap of $218.22 billion, a P/E ratio of 29.50, a PEG ratio of 3.07 and a beta of 1.19. The stock’s 50 day moving average is $361.70 and its two-hundred day moving average is $341.61. Accenture plc has a 12 month low of $261.68 and a 12 month high of $387.51.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, March 21st. The information technology services provider reported $2.77 EPS for the quarter, topping the consensus estimate of $2.66 by $0.11. The company had revenue of $15.80 billion during the quarter, compared to analyst estimates of $15.85 billion. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The firm’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.69 EPS. Equities research analysts forecast that Accenture plc will post 12.1 EPS for the current year.

Accenture Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th will be paid a $1.29 dividend. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Wednesday, April 10th. Accenture’s dividend payout ratio is presently 46.78%.

Wall Street Analyst Weigh In

Several analysts have weighed in on ACN shares. Piper Sandler boosted their price target on Accenture from $335.00 to $394.00 and gave the company a “neutral” rating in a research note on Monday, March 18th. Redburn Atlantic upped their target price on Accenture from $410.00 to $445.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Susquehanna reissued a “neutral” rating and set a $360.00 price target (down from $400.00) on shares of Accenture in a research report on Thursday, March 21st. Morgan Stanley lifted their price objective on shares of Accenture from $400.00 to $417.00 and gave the company an “overweight” rating in a research note on Monday, March 18th. Finally, BMO Capital Markets cut their price objective on shares of Accenture from $385.00 to $375.00 and set a “market perform” rating on the stock in a research note on Friday, March 22nd. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $387.00.

Insiders Place Their Bets

In other news, CEO Jean-Marc Ollagnier sold 6,250 shares of the firm’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $362.77, for a total value of $2,267,312.50. Following the transaction, the chief executive officer now directly owns 167,831 shares of the company’s stock, valued at $60,884,051.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Accenture news, insider Ellyn Shook sold 5,000 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $371.81, for a total transaction of $1,859,050.00. Following the completion of the sale, the insider now owns 20,316 shares of the company’s stock, valued at $7,553,691.96. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jean-Marc Ollagnier sold 6,250 shares of the firm’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $362.77, for a total value of $2,267,312.50. Following the sale, the chief executive officer now directly owns 167,831 shares of the company’s stock, valued at $60,884,051.87. The disclosure for this sale can be found here. Insiders have sold a total of 31,000 shares of company stock valued at $11,146,998 in the last 90 days. 0.07% of the stock is owned by insiders.

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.