Breed s Hill Capital LLC Acquires 439 Shares of Accenture plc (NYSE:ACN)

Breed s Hill Capital LLC lifted its position in shares of Accenture plc (NYSE:ACN) by 47.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,370 shares of the information technology services provider’s stock after purchasing an additional 439 shares during the period. Breed s Hill Capital LLC’s holdings in Accenture were worth $482,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. FPC Investment Advisory Inc. increased its stake in shares of Accenture by 62.2% during the fourth quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock worth $28,000 after purchasing an additional 28 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in shares of Accenture during the fourth quarter worth approximately $30,000. Mpwm Advisory Solutions LLC bought a new position in shares of Accenture during the fourth quarter worth approximately $30,000. POM Investment Strategies LLC increased its stake in shares of Accenture by 64.2% during the fourth quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 34 shares during the period. Finally, Promus Capital LLC bought a new position in shares of Accenture during the fourth quarter worth approximately $34,000. Institutional investors own 75.14% of the company’s stock.

Wall Street Analyst Weigh In

ACN has been the topic of a number of analyst reports. Wall Street Zen downgraded Accenture from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. Stifel Nicolaus reduced their price target on Accenture from $390.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Piper Sandler reduced their price target on Accenture from $364.00 to $355.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Mizuho reduced their price target on Accenture from $428.00 to $398.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 19th. Finally, Baird R W raised Accenture from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Seven research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Accenture has a consensus rating of “Moderate Buy” and a consensus price target of $382.14.

Accenture Trading Down 0.5%

NYSE ACN opened at $316.22 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. Accenture plc has a twelve month low of $275.01 and a twelve month high of $398.35. The company has a market cap of $198.06 billion, a price-to-earnings ratio of 26.53, a price-to-earnings-growth ratio of 3.23 and a beta of 1.35. The business’s fifty day moving average is $302.36 and its 200 day moving average is $340.47.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.01. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The company had revenue of $16.70 billion for the quarter, compared to the consensus estimate of $16.64 billion. During the same quarter last year, the business posted $2.77 EPS. Accenture’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, sell-side analysts expect that Accenture plc will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, April 10th were issued a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Thursday, April 10th. Accenture’s dividend payout ratio (DPR) is 48.89%.

Insider Activity at Accenture

In related news, insider Angela Beatty sold 169 shares of the firm’s stock in a transaction on Friday, April 11th. The stock was sold at an average price of $281.90, for a total transaction of $47,641.10. Following the completion of the transaction, the insider now directly owns 5,364 shares of the company’s stock, valued at $1,512,111.60. This trade represents a 3.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Joel Unruch sold 3,563 shares of the firm’s stock in a transaction on Friday, April 11th. The stock was sold at an average price of $281.78, for a total value of $1,003,982.14. Following the transaction, the general counsel now directly owns 17,237 shares of the company’s stock, valued at approximately $4,857,041.86. This represents a 17.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,516 shares of company stock valued at $2,507,366 in the last 90 days. 0.02% of the stock is owned by corporate insiders.

About Accenture

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.