Court Place Advisors LLC Sells 35 Shares of Accenture plc (NYSE:ACN)

Court Place Advisors LLC reduced its holdings in Accenture plc (NYSE:ACN) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,564 shares of the information technology services provider’s stock after selling 35 shares during the quarter. Court Place Advisors LLC’s holdings in Accenture were worth $1,251,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ACN. Chilton Capital Management LLC increased its position in shares of Accenture by 180.0% in the 4th quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock valued at $25,000 after buying an additional 45 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of Accenture during the 1st quarter worth about $28,000. BluePath Capital Management LLC acquired a new position in shares of Accenture during the 3rd quarter worth about $31,000. Halpern Financial Inc. acquired a new position in shares of Accenture during the 4th quarter worth about $31,000. Finally, RVW Wealth LLC acquired a new position in shares of Accenture during the 3rd quarter worth about $33,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Buying and Selling

In other Accenture news, CFO Kathleen R. Mcclure sold 4,500 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $316.00, for a total transaction of $1,422,000.00. Following the transaction, the chief financial officer now owns 42,781 shares of the company’s stock, valued at approximately $13,518,796. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Jean-Marc Ollagnier sold 6,250 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $315.91, for a total value of $1,974,437.50. Following the sale, the chief executive officer now directly owns 161,581 shares in the company, valued at approximately $51,045,053.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kathleen R. Mcclure sold 4,500 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $316.00, for a total transaction of $1,422,000.00. Following the completion of the sale, the chief financial officer now owns 42,781 shares in the company, valued at $13,518,796. The disclosure for this sale can be found here. Insiders have sold 41,750 shares of company stock valued at $14,543,436 in the last 90 days. Company insiders own 0.07% of the company’s stock.

Accenture Trading Up 0.3 %

ACN stock traded up $0.79 during midday trading on Wednesday, reaching $314.73. 2,760,008 shares of the company’s stock traded hands, compared to its average volume of 2,368,561. Accenture plc has a 52-week low of $261.68 and a 52-week high of $387.51. The stock has a market cap of $211.10 billion, a P/E ratio of 28.46, a PEG ratio of 2.97 and a beta of 1.19. The stock’s 50-day moving average is $358.39 and its 200 day moving average is $342.14.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.11. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The firm had revenue of $15.80 billion during the quarter, compared to analyst estimates of $15.85 billion. During the same quarter in the prior year, the business earned $2.69 earnings per share. Accenture’s revenue for the quarter was down .1% on a year-over-year basis. As a group, research analysts expect that Accenture plc will post 12.09 EPS for the current fiscal year.

Accenture Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Wednesday, April 10th. Accenture’s dividend payout ratio is currently 46.78%.

Analyst Upgrades and Downgrades

ACN has been the topic of several recent research reports. BNP Paribas raised shares of Accenture from a “neutral” rating to an “outperform” rating and set a $440.00 target price on the stock in a report on Wednesday, January 17th. UBS Group upped their price target on shares of Accenture from $365.00 to $400.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. Morgan Stanley boosted their price objective on shares of Accenture from $400.00 to $417.00 and gave the stock an “overweight” rating in a research note on Monday, March 18th. Redburn Atlantic boosted their price objective on shares of Accenture from $410.00 to $445.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Finally, Stifel Nicolaus boosted their price objective on shares of Accenture from $363.00 to $395.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $387.00.

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.