Capstone Financial Advisors Inc. Sells 221 Shares of Accenture plc (NYSE:ACN)

Capstone Financial Advisors Inc. lessened its position in shares of Accenture plc (NYSE:ACN) by 4.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,261 shares of the information technology services provider’s stock after selling 221 shares during the period. Capstone Financial Advisors Inc.’s holdings in Accenture were worth $1,851,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Northern Trust Corp boosted its position in shares of Accenture by 10.7% during the 4th quarter. Northern Trust Corp now owns 7,582,344 shares of the information technology services provider’s stock valued at $2,667,393,000 after acquiring an additional 732,769 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Accenture by 3.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 801,295 shares of the information technology services provider’s stock valued at $281,888,000 after purchasing an additional 24,386 shares during the last quarter. Quarry LP grew its stake in Accenture by 11.5% in the 4th quarter. Quarry LP now owns 700 shares of the information technology services provider’s stock worth $246,000 after buying an additional 72 shares in the last quarter. Rinkey Investments increased its holdings in shares of Accenture by 70.1% in the 4th quarter. Rinkey Investments now owns 3,499 shares of the information technology services provider’s stock worth $1,231,000 after buying an additional 1,442 shares during the last quarter. Finally, Aquatic Capital Management LLC lifted its holdings in shares of Accenture by 71.4% during the 4th quarter. Aquatic Capital Management LLC now owns 74,231 shares of the information technology services provider’s stock worth $26,114,000 after acquiring an additional 30,911 shares during the last quarter. 75.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ACN has been the subject of a number of research reports. Robert W. Baird upgraded Accenture from a “neutral” rating to an “outperform” rating and set a $390.00 price objective for the company in a report on Monday, March 17th. StockNews.com downgraded shares of Accenture from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. Morgan Stanley reduced their price objective on Accenture from $380.00 to $372.00 and set an “equal weight” rating on the stock in a research note on Monday, March 17th. Jefferies Financial Group dropped their target price on Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. Finally, Barclays decreased their price target on Accenture from $415.00 to $390.00 and set an “overweight” rating on the stock in a research note on Monday, March 24th. Eight investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Accenture has a consensus rating of “Moderate Buy” and an average target price of $377.82.

Insider Buying and Selling

In related news, insider Angela Beatty sold 169 shares of the stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $281.90, for a total transaction of $47,641.10. Following the sale, the insider now directly owns 5,364 shares of the company’s stock, valued at approximately $1,512,111.60. This represents a 3.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Melissa A. Burgum sold 232 shares of Accenture stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $394.46, for a total transaction of $91,514.72. Following the completion of the transaction, the chief accounting officer now directly owns 8,915 shares of the company’s stock, valued at $3,516,610.90. This trade represents a 2.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,041 shares of company stock worth $5,254,956 in the last 90 days. Insiders own 0.02% of the company’s stock.

Accenture Trading Up 0.8 %

ACN opened at $293.63 on Monday. The stock has a market cap of $183.91 billion, a PE ratio of 24.63, a PEG ratio of 3.23 and a beta of 1.32. The business has a 50 day moving average of $316.14 and a 200-day moving average of $347.02. Accenture plc has a 52 week low of $275.01 and a 52 week high of $398.35. 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 (NYSE:ACN) last announced its earnings results on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.01. The firm had revenue of $16.70 billion for the quarter, compared to analysts’ expectations of $16.64 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.77 EPS. Equities research analysts predict that Accenture plc will post 12.73 earnings per share for the current fiscal year.

Accenture Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th will be issued a dividend of $1.48 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $5.92 annualized dividend and a dividend yield of 2.02%. Accenture’s payout ratio is 48.89%.

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.