Crew Capital Management Ltd. Acquires 115 Shares of Accenture plc (NYSE:ACN)

Crew Capital Management Ltd. grew its position in Accenture plc (NYSE:ACN) by 15.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 837 shares of the information technology services provider’s stock after acquiring an additional 115 shares during the quarter. Crew Capital Management Ltd.’s holdings in Accenture were worth $294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Chilton Capital Management LLC boosted its holdings 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 worth $25,000 after purchasing an additional 45 shares during the period. BluePath Capital Management LLC purchased a new position in shares of Accenture in the 3rd quarter worth approximately $31,000. Halpern Financial Inc. purchased a new position in shares of Accenture in the 4th quarter worth approximately $31,000. Valued Wealth Advisors LLC purchased a new position in shares of Accenture in the 4th quarter worth approximately $50,000. Finally, Valley National Advisers Inc. boosted its holdings in shares of Accenture by 40.3% in the 3rd quarter. Valley National Advisers Inc. now owns 167 shares of the information technology services provider’s stock worth $51,000 after purchasing an additional 48 shares during the period. Institutional investors own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

ACN has been the subject of a number of recent research reports. Stifel Nicolaus lifted their target price on Accenture from $363.00 to $395.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Mizuho restated a “buy” rating and set a $398.00 price objective (down previously from $426.00) on shares of Accenture in a report on Friday, March 22nd. Robert W. Baird boosted 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. Royal Bank of Canada boosted their price objective on Accenture from $374.00 to $381.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Finally, UBS Group boosted their price objective on Accenture from $365.00 to $400.00 and gave the company a “neutral” rating in a report on Thursday, January 25th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $387.00.

Accenture Stock Performance

NYSE:ACN traded down $4.85 during mid-day trading on Monday, hitting $303.16. 4,719,034 shares of the company’s stock traded hands, compared to its average volume of 2,463,137. The company has a fifty day moving average of $349.66 and a 200 day moving average of $342.35. Accenture plc has a twelve month low of $261.68 and a twelve month high of $387.51. The company has a market capitalization of $203.34 billion, a P/E ratio of 27.65, a P/E/G ratio of 2.92 and a beta of 1.19.

Accenture (NYSE:ACN) last announced its quarterly earnings data 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. The business had revenue of $15.80 billion for the quarter, compared to analyst estimates of $15.85 billion. Accenture had a return on equity of 28.30% and a net margin of 10.89%. The company’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company earned $2.69 earnings per share. On average, research analysts expect that Accenture plc will post 12.09 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th will be issued a $1.29 dividend. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Wednesday, April 10th. Accenture’s dividend payout ratio is presently 46.78%.

Insider Activity

In other news, CEO Manish Sharma sold 1,486 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $370.39, for a total value of $550,399.54. Following the sale, the chief executive officer now owns 4,503 shares in the company, valued at $1,667,866.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Accenture news, COO John F. Walsh sold 8,000 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $332.13, for a total transaction of $2,657,040.00. Following the transaction, the chief operating officer now owns 17,877 shares in the company, valued at $5,937,488.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Manish Sharma sold 1,486 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $370.39, for a total value of $550,399.54. Following the transaction, the chief executive officer now owns 4,503 shares in the company, valued at approximately $1,667,866.17. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,639 shares of company stock valued at $10,276,287. Company insiders own 0.07% 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.