Accenture plc (NYSE:ACN) Shares Sold by American Trust Investment Advisors LLC

American Trust Investment Advisors LLC trimmed its position in shares of Accenture plc (NYSE:ACNFree Report) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 630 shares of the information technology services provider’s stock after selling 40 shares during the period. American Trust Investment Advisors LLC’s holdings in Accenture were worth $221,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ACN. Chilton Capital Management LLC boosted its stake in shares of Accenture by 180.0% in the fourth quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 45 shares during the period. DiNuzzo Private Wealth Inc. acquired a new stake in Accenture during the 4th quarter valued at approximately $27,000. Halpern Financial Inc. bought a new stake in shares of Accenture in the fourth quarter worth $31,000. Laffer Tengler Investments Inc. raised its stake in shares of Accenture by 142.9% in the 4th quarter. Laffer Tengler Investments Inc. now owns 102 shares of the information technology services provider’s stock valued at $36,000 after purchasing an additional 60 shares in the last quarter. Finally, Private Wealth Management Group LLC acquired a new position in shares of Accenture in the 4th quarter worth approximately $43,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ACN has been the subject of several recent research reports. Susquehanna restated a “neutral” rating and set a $360.00 price target (down previously from $400.00) on shares of Accenture in a research report on Thursday, March 21st. TD Cowen reduced their price objective on shares of Accenture from $363.00 to $350.00 and set a “market perform” rating for the company in a research note on Friday, March 22nd. UBS Group lifted their target price on shares of Accenture from $365.00 to $400.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. Robert W. Baird decreased their price objective on shares of Accenture from $372.00 to $345.00 and set a “neutral” rating for the company in a research note on Thursday, May 16th. Finally, BMO Capital Markets cut their target price on shares of Accenture from $385.00 to $375.00 and set a “market perform” rating on the stock in a research note on Friday, March 22nd. Nine 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 company presently has an average rating of “Moderate Buy” and an average price target of $381.67.

Check Out Our Latest Stock Report on ACN

Insider Buying and Selling

In related news, insider Ellyn Shook sold 5,000 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was 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 directly owns 13,699 shares in the company, valued at $4,208,606.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Accenture news, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the sale, the insider now directly owns 13,699 shares of the company’s stock, valued at $4,208,606.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Joel Unruch sold 4,333 shares of the stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $316.12, for a total value of $1,369,747.96. Following the completion of the transaction, the general counsel now directly owns 30,702 shares of the company’s stock, valued at $9,705,516.24. The disclosure for this sale can be found here. Insiders have sold a total of 28,083 shares of company stock valued at $8,959,325 over the last three months. 0.07% of the stock is owned by corporate insiders.

Accenture Stock Performance

Shares of Accenture stock traded down $2.02 during trading on Tuesday, reaching $303.68. The company’s stock had a trading volume of 1,866,481 shares, compared to its average volume of 2,513,022. The business’s fifty day moving average price is $327.22 and its 200-day moving average price is $343.06. Accenture plc has a one year low of $284.90 and a one year high of $387.51. The firm has a market cap of $203.69 billion, a price-to-earnings ratio of 27.66, a price-to-earnings-growth ratio of 2.88 and a beta of 1.21.

Accenture (NYSE:ACNGet Free Report) last issued its quarterly earnings results on Thursday, March 21st. The information technology services provider reported $2.77 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.11. Accenture had a return on equity of 28.30% and a net margin of 10.89%. The company had revenue of $15.80 billion during the quarter, compared to analyst estimates of $15.85 billion. During the same period in the previous year, the company earned $2.69 earnings per share. The company’s quarterly revenue was down .1% compared to the same quarter last year. Sell-side analysts anticipate that Accenture plc will post 12.09 EPS for the current year.

Accenture Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Thursday, April 11th were paid a $1.29 dividend. This represents a $5.16 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Wednesday, April 10th. Accenture’s payout ratio is presently 46.78%.

Accenture Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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