Tucker Asset Management LLC Has $397,000 Holdings in Accenture plc (NYSE:ACN)

Tucker Asset Management LLC reduced its holdings in shares of Accenture plc (NYSE:ACN) by 18.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,128 shares of the information technology services provider’s stock after selling 255 shares during the period. Tucker Asset Management LLC’s holdings in Accenture were worth $397,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. CreativeOne Wealth LLC boosted its stake in Accenture by 10.7% during the third quarter. CreativeOne Wealth LLC now owns 4,571 shares of the information technology services provider’s stock worth $1,616,000 after acquiring an additional 442 shares in the last quarter. Public Sector Pension Investment Board grew its stake in shares of Accenture by 12.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 27,296 shares of the information technology services provider’s stock valued at $9,649,000 after buying an additional 3,100 shares during the period. Financial Counselors Inc. boosted its holdings in Accenture by 11.7% in the third quarter. Financial Counselors Inc. now owns 34,497 shares of the information technology services provider’s stock worth $12,194,000 after acquiring an additional 3,602 shares in the last quarter. Vinva Investment Management Ltd grew its stake in Accenture by 94.3% in the third quarter. Vinva Investment Management Ltd now owns 12,855 shares of the information technology services provider’s stock valued at $4,495,000 after acquiring an additional 6,238 shares during the period. Finally, Isthmus Partners LLC raised its position in shares of Accenture by 0.8% during the third quarter. Isthmus Partners LLC now owns 34,239 shares of the information technology services provider’s stock worth $12,103,000 after purchasing an additional 288 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Stock Down 1.4 %

Shares of Accenture stock opened at $304.32 on Friday. The company has a 50-day simple moving average of $354.96 and a two-hundred day simple moving average of $355.97. Accenture plc has a 52-week low of $278.69 and a 52-week high of $398.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a market capitalization of $190.44 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 3.23 and a beta of 1.24.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.01. The business had revenue of $16.70 billion during the quarter, compared to analyst estimates of $16.64 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.77 EPS. On average, analysts anticipate that Accenture plc will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th will be paid a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 1.95%. The ex-dividend date is Thursday, April 10th. Accenture’s payout ratio is currently 48.89%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Robert W. Baird upgraded shares of Accenture from a “neutral” rating to an “outperform” rating and set a $390.00 price objective for the company in a report on Monday, March 17th. UBS Group reduced their price objective on shares of Accenture from $455.00 to $387.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Wolfe Research raised shares of Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price target on the stock in a report on Wednesday, January 8th. BMO Capital Markets increased their price objective on Accenture to $355.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, The Goldman Sachs Group upgraded Accenture from a “neutral” rating to a “buy” rating and upped their price target for the company from $370.00 to $420.00 in a research report on Friday, December 6th. Eight analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $378.23.

Insiders Place Their Bets

In other Accenture news, CAO Melissa A. Burgum sold 232 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $394.46, for a total transaction of $91,514.72. Following the sale, the chief accounting officer now directly owns 8,915 shares of the company’s stock, valued at approximately $3,516,610.90. This trade represents a 2.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Angela Beatty sold 961 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $354.47, for a total transaction of $340,645.67. Following the sale, the insider now directly owns 5,484 shares of the company’s stock, valued at $1,943,913.48. This represents a 14.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,905 shares of company stock worth $8,181,753 over the last quarter. Company insiders own 0.02% of the company’s stock.

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.