Everpar Advisors LLC Has $440,000 Holdings in Accenture plc (NYSE:ACN)

Everpar Advisors LLC increased its stake in shares of Accenture plc (NYSE:ACN) by 11.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,251 shares of the information technology services provider’s stock after acquiring an additional 129 shares during the period. Everpar Advisors LLC’s holdings in Accenture were worth $440,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Edgestream Partners L.P. bought a new stake in Accenture in the 2nd quarter valued at approximately $1,524,000. Sienna Gestion lifted its position in shares of Accenture by 0.5% in the second quarter. Sienna Gestion now owns 54,528 shares of the information technology services provider’s stock worth $16,537,000 after purchasing an additional 293 shares in the last quarter. AllGen Financial Advisors Inc. boosted its holdings in Accenture by 20.6% during the second quarter. AllGen Financial Advisors Inc. now owns 9,520 shares of the information technology services provider’s stock worth $2,888,000 after purchasing an additional 1,629 shares during the last quarter. XTX Topco Ltd bought a new position in Accenture in the second quarter valued at $1,999,000. Finally, Intech Investment Management LLC lifted its position in Accenture by 13.8% during the 2nd quarter. Intech Investment Management LLC now owns 41,701 shares of the information technology services provider’s stock worth $12,652,000 after buying an additional 5,045 shares in the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Ryoji Sekido sold 3,191 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $343.70, for a total transaction of $1,096,746.70. Following the completion of the transaction, the chief executive officer now owns 6 shares of the company’s stock, valued at approximately $2,062.20. The trade was a 99.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Julie Spellman Sweet sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $376.16, for a total transaction of $3,385,440.00. Following the completion of the sale, the chief executive officer now owns 20,324 shares in the company, valued at approximately $7,645,075.84. The trade was a 30.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,125 shares of company stock worth $9,570,260 over the last three months. Corporate insiders own 0.02% of the company’s stock.

Accenture Price Performance

Accenture stock opened at $350.92 on Friday. The stock’s fifty day moving average price is $357.85 and its two-hundred day moving average price is $344.97. The firm has a market cap of $219.60 billion, a PE ratio of 29.44, a price-to-earnings-growth ratio of 3.11 and a beta of 1.24. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. Accenture plc has a one year low of $278.69 and a one year high of $387.51.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.16. The business had revenue of $17.69 billion during the quarter, compared to the consensus estimate of $17.15 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. Accenture’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.27 earnings per share. As a group, research analysts expect that Accenture plc will post 12.69 EPS for the current fiscal year.

Accenture announced that its Board of Directors has authorized a share repurchase plan on Thursday, September 26th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the information technology services provider to buy up to 1.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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 of this dividend is Thursday, January 16th. This represents a $5.92 annualized dividend and a dividend yield of 1.69%. Accenture’s dividend payout ratio is 49.66%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ACN shares. Susquehanna lifted their target price on Accenture from $350.00 to $360.00 and gave the company a “neutral” rating in a research report on Friday, September 27th. UBS Group increased their price objective on Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a report on Friday, December 20th. Robert W. Baird restated a “neutral” rating and set a $370.00 target price on shares of Accenture in a report on Tuesday, December 3rd. BMO Capital Markets raised their target price on shares of Accenture from $390.00 to $425.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Finally, Royal Bank of Canada increased their price target on Accenture from $377.00 to $389.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $385.04.

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.