Indivisible Partners Takes Position in Accenture PLC $ACN

Indivisible Partners bought a new stake in Accenture PLC (NYSE:ACN) during the fourth quarter, Holdings Channel reports. The institutional investor bought 3,316 shares of the information technology services provider’s stock, valued at approximately $890,000.

Other institutional investors have also modified their holdings of the company. Board of the Pension Protection Fund acquired a new position in shares of Accenture in the 4th quarter valued at $27,000. Laurel Wealth Advisors LLC acquired a new position in shares of Accenture in the 4th quarter valued at $27,000. Triumph Capital Management acquired a new position in shares of Accenture in the 3rd quarter valued at $26,000. Private Wealth Management Group LLC increased its holdings in shares of Accenture by 96.4% in the 4th quarter. Private Wealth Management Group LLC now owns 108 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 53 shares during the period. Finally, Steph & Co. increased its stake in Accenture by 107.5% in the 4th quarter. Steph & Co. now owns 110 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 57 shares during the period. 75.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Atsushi Egawa sold 4,872 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $177.14, for a total transaction of $863,026.08. Following the transaction, the chief executive officer directly owned 12,802 shares of the company’s stock, valued at $2,267,746.28. This represents a 27.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Julie Spellman Sweet sold 6,057 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $241.23, for a total transaction of $1,461,130.11. Following the transaction, the chief executive officer directly owned 15,255 shares in the company, valued at approximately $3,679,963.65. This trade represents a 28.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.02% of the company’s stock.

Accenture Stock Performance

NYSE:ACN opened at $174.63 on Thursday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.16. Accenture PLC has a fifty-two week low of $173.52 and a fifty-two week high of $325.71. The stock has a market cap of $116.21 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 1.70 and a beta of 1.08. The firm’s fifty day simple moving average is $195.21 and its 200-day simple moving average is $234.94.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Friday, March 20th. The information technology services provider reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.84 by $0.09. Accenture had a net margin of 10.61% and a return on equity of 26.33%. The business had revenue of $18.04 billion for the quarter, compared to analysts’ expectations of $17.80 billion. During the same period in the prior year, the company posted $2.82 EPS. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. Analysts expect that Accenture PLC will post 13.87 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 9th will be paid a dividend of $1.63 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 3.7%. Accenture’s dividend payout ratio is 53.40%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ACN. Citigroup dropped their price objective on shares of Accenture from $266.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Mizuho dropped their price objective on shares of Accenture from $309.00 to $280.00 and set an “outperform” rating on the stock in a research note on Monday, March 23rd. HSBC dropped their price objective on shares of Accenture from $220.00 to $210.00 and set a “hold” rating on the stock in a research note on Tuesday, April 14th. Piper Sandler set a $282.00 price objective on shares of Accenture in a research note on Thursday, March 5th. Finally, Jefferies Financial Group boosted their price objective on shares of Accenture from $270.00 to $280.00 and gave the company a “hold” rating in a research note on Thursday, January 8th. Seventeen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $274.50.

About Accenture

Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.

The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.