Sherbrooke Park Advisers LLC Purchases 604 Shares of Accenture plc (NYSE:ACN)

Sherbrooke Park Advisers LLC increased its stake in shares of Accenture plc (NYSE:ACN) by 22.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,275 shares of the information technology services provider’s stock after acquiring an additional 604 shares during the quarter. Sherbrooke Park Advisers LLC’s holdings in Accenture were worth $1,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Newbridge Financial Services Group Inc. grew its position in Accenture by 5.7% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 518 shares of the information technology services provider’s stock worth $182,000 after acquiring an additional 28 shares during the last quarter. FPC Investment Advisory Inc. grew its position in Accenture by 62.2% during the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock worth $28,000 after acquiring an additional 28 shares during the last quarter. New England Professional Planning Group Inc. grew its position in Accenture by 4.6% during the 4th quarter. New England Professional Planning Group Inc. now owns 655 shares of the information technology services provider’s stock worth $230,000 after acquiring an additional 29 shares during the last quarter. Nemes Rush Group LLC grew its position in Accenture by 7.5% during the 4th quarter. Nemes Rush Group LLC now owns 418 shares of the information technology services provider’s stock worth $147,000 after acquiring an additional 29 shares during the last quarter. Finally, M3 Advisory Group LLC grew its position in Accenture by 4.1% during the 4th quarter. M3 Advisory Group LLC now owns 753 shares of the information technology services provider’s stock worth $265,000 after acquiring an additional 30 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors.

Accenture Stock Up 0.9%

Accenture stock opened at $323.17 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. Accenture plc has a 12 month low of $275.01 and a 12 month high of $398.35. The firm has a market cap of $202.41 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 3.23 and a beta of 1.35. The stock has a fifty day simple moving average of $302.81 and a two-hundred day simple moving average of $341.53.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $16.64 billion. During the same quarter in the previous year, the company posted $2.77 earnings per share. Accenture’s revenue was up 5.7% compared to the same quarter last year. Equities analysts predict that Accenture plc will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, April 10th were given a dividend of $1.48 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $5.92 annualized dividend and a yield of 1.83%. Accenture’s dividend payout ratio (DPR) is presently 48.89%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ACN shares. StockNews.com cut Accenture from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. UBS Group dropped their price objective on Accenture from $455.00 to $387.00 and set a “buy” rating for the company in a report on Friday, March 21st. 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. Royal Bank of Canada lowered their target price on Accenture from $399.00 to $392.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. Finally, Stifel Nicolaus lowered their target price on Accenture from $390.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $381.76.

Insider Activity at Accenture

In other news, COO John F. Walsh sold 2,500 shares of the business’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $325.00, for a total value of $812,500.00. Following the transaction, the chief operating officer now directly owns 15,882 shares in the company, valued at $5,161,650. The trade was a 13.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Julie Spellman Sweet sold 2,284 shares of the business’s stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $281.63, for a total value of $643,242.92. Following the completion of the sale, the chief executive officer now owns 9,965 shares in the company, valued at $2,806,442.95. This represents a 18.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,516 shares of company stock worth $2,507,366. Corporate insiders own 0.02% of the company’s stock.

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.