S.A. Mason LLC Has $1.54 Million Stock Holdings in Accenture plc (NYSE:ACN)

S.A. Mason LLC reduced its position in shares of Accenture plc (NYSE:ACN) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,400 shares of the information technology services provider’s stock after selling 115 shares during the quarter. Accenture comprises about 1.0% of S.A. Mason LLC’s portfolio, making the stock its 21st biggest position. S.A. Mason LLC’s holdings in Accenture were worth $1,544,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. KMG Fiduciary Partners LLC increased its holdings in Accenture by 4.0% during the 4th quarter. KMG Fiduciary Partners LLC now owns 760 shares of the information technology services provider’s stock worth $267,000 after purchasing an additional 29 shares in the last quarter. Jag Capital Management LLC raised its position in Accenture by 0.3% in the 3rd quarter. Jag Capital Management LLC now owns 9,271 shares of the information technology services provider’s stock valued at $2,847,000 after buying an additional 31 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in Accenture by 4.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 712 shares of the information technology services provider’s stock valued at $250,000 after acquiring an additional 31 shares in the last quarter. Jump Financial LLC grew its stake in shares of Accenture by 3.6% in the 3rd quarter. Jump Financial LLC now owns 917 shares of the information technology services provider’s stock worth $282,000 after acquiring an additional 32 shares in the last quarter. Finally, Rainsberger Wealth Advisors Inc. raised its holdings in shares of Accenture by 0.4% in the third quarter. Rainsberger Wealth Advisors Inc. now owns 9,188 shares of the information technology services provider’s stock valued at $2,822,000 after purchasing an additional 33 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. UBS Group raised their price objective on shares of Accenture from $365.00 to $400.00 and gave the company a “neutral” rating in a research report on Thursday, January 25th. Morgan Stanley raised their price target on Accenture from $400.00 to $417.00 and gave the company an “overweight” rating in a report on Monday, March 18th. Robert W. Baird lifted their target price on shares of Accenture from $364.00 to $375.00 and gave the company a “neutral” rating in a research report on Thursday, March 7th. StockNews.com downgraded shares of Accenture from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. Finally, Wedbush lifted their price target on Accenture from $330.00 to $360.00 and gave the stock an “outperform” rating in a research note on Thursday, December 14th. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $387.00.

Accenture Stock Up 1.4 %

Shares of ACN stock opened at $340.96 on Thursday. The stock has a fifty day moving average of $369.38 and a 200 day moving average of $340.37. The firm has a market capitalization of $213.89 billion, a price-to-earnings ratio of 30.91, a PEG ratio of 3.16 and a beta of 1.20. Accenture plc has a 52 week low of $261.68 and a 52 week high of $387.51.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.11. The firm had revenue of $15.80 billion for the quarter, compared to analyst estimates of $15.85 billion. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.69 EPS. Equities research analysts anticipate that Accenture plc will post 12.1 earnings per share for the current year.

Accenture Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 11th will be paid a $1.29 dividend. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $5.16 annualized dividend and a yield of 1.51%. Accenture’s payout ratio is 46.78%.

Insiders Place Their Bets

In related news, insider Ellyn Shook sold 5,000 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $371.81, for a total value of $1,859,050.00. Following the completion of the transaction, the insider now directly owns 20,316 shares in the company, valued at approximately $7,553,691.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, COO John F. Walsh sold 8,000 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of $332.13, for a total value of $2,657,040.00. Following the sale, the chief operating officer now directly owns 17,877 shares of the company’s stock, valued at $5,937,488.01. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $371.81, for a total value of $1,859,050.00. Following the completion of the transaction, the insider now directly owns 20,316 shares of the company’s stock, valued at approximately $7,553,691.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,000 shares of company stock worth $11,146,998. 0.07% of the stock is owned by corporate insiders.

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.