Accenture plc (NYSE:ACN) Shares Sold by Field & Main Bank

Field & Main Bank lowered its stake in shares of Accenture plc (NYSE:ACN) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,895 shares of the information technology services provider’s stock after selling 60 shares during the period. Field & Main Bank’s holdings in Accenture were worth $1,718,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ACN. Wellington Management Group LLP increased its stake in Accenture by 7.0% in the 3rd quarter. Wellington Management Group LLP now owns 11,034,666 shares of the information technology services provider’s stock valued at $3,388,856,000 after purchasing an additional 720,647 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Accenture by 34.7% in the third quarter. Envestnet Asset Management Inc. now owns 2,374,492 shares of the information technology services provider’s stock valued at $729,230,000 after buying an additional 611,376 shares in the last quarter. Alphinity Investment Management Pty Ltd boosted its position in shares of Accenture by 71.4% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 1,388,701 shares of the information technology services provider’s stock worth $487,309,000 after buying an additional 578,610 shares in the last quarter. International Assets Investment Management LLC grew its stake in Accenture by 33,484.1% in the 4th quarter. International Assets Investment Management LLC now owns 567,572 shares of the information technology services provider’s stock valued at $199,167,000 after acquiring an additional 565,882 shares during the last quarter. Finally, FMR LLC raised its position 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 acquiring an additional 565,505 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Accenture

In related news, CFO Kathleen R. Mcclure sold 2,070 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $370.32, for a total transaction of $766,562.40. Following the sale, the chief financial officer now directly owns 47,110 shares in the company, valued at approximately $17,445,775.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CFO Kathleen R. Mcclure sold 2,070 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $370.32, for a total transaction of $766,562.40. Following the sale, the chief financial officer now directly owns 47,110 shares in the company, valued at approximately $17,445,775.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Manish Sharma sold 1,486 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were 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 of the company’s stock, valued at approximately $1,667,866.17. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,639 shares of company stock worth $10,276,287. 0.07% of the stock is currently owned by company insiders.

Accenture Trading Down 1.6 %

Shares of Accenture stock traded down $4.85 during trading hours on Monday, reaching $303.16. The stock had a trading volume of 4,718,498 shares, compared to its average volume of 2,463,137. The firm has a 50 day simple moving average of $348.33 and a two-hundred day simple moving average of $342.34. The firm has a market capitalization of $203.34 billion, a price-to-earnings ratio of 27.49, a P/E/G ratio of 2.92 and a beta of 1.19. Accenture plc has a 1 year low of $261.68 and a 1 year high of $387.51.

Accenture (NYSE:ACN) last released its quarterly earnings data 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. The company had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $15.85 billion. Accenture had a return on equity of 28.30% and a net margin of 10.89%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the business posted $2.69 EPS. Sell-side analysts forecast that Accenture plc will post 12.09 EPS for the current year.

Accenture Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Piper Sandler raised their price objective on shares of Accenture from $335.00 to $394.00 and gave the stock a “neutral” rating in a research note on Monday, March 18th. Stifel Nicolaus boosted their price target on Accenture from $363.00 to $395.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Guggenheim started coverage on Accenture in a research note on Tuesday, March 19th. They set a “buy” rating and a $425.00 price objective on the stock. Bank of America upped their target price on shares of Accenture from $379.00 to $419.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Finally, BNP Paribas raised shares of Accenture from a “neutral” rating to an “outperform” rating and set a $440.00 price objective for the company in a research report on Wednesday, January 17th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.