Intellectus Partners LLC Sells 37 Shares of Accenture plc (NYSE:ACN)

Intellectus Partners LLC decreased its holdings in shares of Accenture plc (NYSE:ACN) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,882 shares of the information technology services provider’s stock after selling 37 shares during the quarter. Intellectus Partners LLC’s holdings in Accenture were worth $1,011,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Accenture by 0.3% during the third quarter. Vanguard Group Inc. now owns 58,434,025 shares of the information technology services provider’s stock worth $17,945,673,000 after buying an additional 184,541 shares during the period. FMR LLC lifted its holdings in Accenture by 4.4% during the third quarter. FMR LLC now owns 13,316,028 shares of the information technology services provider’s stock worth $4,089,485,000 after buying an additional 565,505 shares during the period. Wellington Management Group LLP lifted its holdings in Accenture by 7.0% during the third quarter. Wellington Management Group LLP now owns 11,034,666 shares of the information technology services provider’s stock worth $3,388,856,000 after buying an additional 720,647 shares during the period. Northern Trust Corp lifted its holdings in Accenture by 5.6% during the third quarter. Northern Trust Corp now owns 8,285,864 shares of the information technology services provider’s stock worth $2,544,672,000 after buying an additional 443,004 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Accenture by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,398,049 shares of the information technology services provider’s stock worth $1,340,568,000 after buying an additional 20,876 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insiders Place Their Bets

In other Accenture news, CFO Kathleen R. Mcclure sold 851 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $371.77, for a total value of $316,376.27. Following the transaction, the chief financial officer now directly owns 50,737 shares of the company’s stock, valued at approximately $18,862,494.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Accenture news, insider Ellyn Shook sold 5,000 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $307.22, for a total value of $1,536,100.00. Following the completion of the transaction, the insider now owns 13,699 shares in the company, valued at $4,208,606.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kathleen R. Mcclure sold 851 shares of Accenture stock in a transaction on Monday, January 29th. The stock was sold at an average price of $371.77, for a total transaction of $316,376.27. Following the sale, the chief financial officer now directly owns 50,737 shares of the company’s stock, valued at $18,862,494.49. The disclosure for this sale can be found here. Insiders have sold 32,490 shares of company stock valued at $10,592,664 in the last ninety days. 0.07% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ACN has been the subject of a number of analyst reports. UBS Group upped their target price on Accenture from $365.00 to $400.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. Bank of America increased their price objective on Accenture from $379.00 to $419.00 and gave the company a “buy” rating in a report on Thursday, March 7th. BNP Paribas upgraded Accenture from a “neutral” rating to an “outperform” rating and set a $440.00 price objective for the company in a report on Wednesday, January 17th. Morgan Stanley increased their price objective on Accenture from $400.00 to $417.00 and gave the company an “overweight” rating in a report on Monday, March 18th. Finally, Robert W. Baird increased their price objective on Accenture from $364.00 to $375.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Accenture has a consensus rating of “Moderate Buy” and an average price target of $387.00.

Accenture Price Performance

Accenture stock traded down $0.99 during midday trading on Friday, reaching $308.01. The company had a trading volume of 3,371,848 shares, compared to its average volume of 2,670,314. The company has a market capitalization of $206.59 billion, a P/E ratio of 27.92, a P/E/G ratio of 2.92 and a beta of 1.19. Accenture plc has a 12-month low of $261.68 and a 12-month high of $387.51. The firm’s fifty day simple moving average is $349.66 and its 200-day simple moving average is $342.14.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $15.85 billion. During the same period last year, the company posted $2.69 EPS. Accenture’s quarterly revenue was down .1% compared to the same quarter last year. On average, analysts expect that Accenture plc will post 12.09 EPS for the current fiscal year.

Accenture Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders 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 yield of 1.68%. The ex-dividend date is Wednesday, April 10th. Accenture’s dividend payout ratio (DPR) is 46.78%.

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.