United Services Automobile Association Has $19.92 Million Stake in Accenture plc (NYSE:ACN)

United Services Automobile Association lessened its holdings in shares of Accenture plc (NYSE:ACN) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 56,615 shares of the information technology services provider’s stock after selling 115 shares during the quarter. United Services Automobile Association’s holdings in Accenture were worth $19,917,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ACN. Morse Asset Management Inc acquired a new stake in shares of Accenture in the 3rd quarter valued at $25,000. FPC Investment Advisory Inc. lifted its position in shares of Accenture by 62.2% in the fourth quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock worth $28,000 after buying an additional 28 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Accenture during the 4th quarter worth about $30,000. POM Investment Strategies LLC increased its holdings in shares of Accenture by 64.2% during the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock valued at $31,000 after acquiring an additional 34 shares during the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new stake in Accenture in the 4th quarter worth approximately $34,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on ACN shares. StockNews.com downgraded Accenture from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. BMO Capital Markets dropped their target price on shares of Accenture from $425.00 to $370.00 and set a “market perform” rating on the stock in a report on Tuesday, March 18th. Morgan Stanley decreased their price target on shares of Accenture from $380.00 to $372.00 and set an “equal weight” rating for the company in a report on Monday, March 17th. Robert W. Baird raised Accenture from a “neutral” rating to an “outperform” rating and set a $390.00 price objective for the company in a research report on Monday, March 17th. Finally, UBS Group lowered their target price on Accenture from $455.00 to $387.00 and set a “buy” rating on the stock in a report on Friday. Eight equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Accenture presently has a consensus rating of “Moderate Buy” and a consensus target price of $380.05.

Insider Activity

In other news, CAO Melissa A. Burgum sold 1,487 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $354.54, for a total transaction of $527,200.98. Following the transaction, the chief accounting officer now directly owns 9,247 shares in the company, valued at approximately $3,278,431.38. This represents a 13.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Julie Spellman Sweet sold 8,793 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $394.47, for a total transaction of $3,468,574.71. Following the completion of the transaction, the chief executive officer now owns 11,858 shares of the company’s stock, valued at $4,677,625.26. This trade represents a 42.58 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,905 shares of company stock worth $8,181,753. Insiders own 0.02% of the company’s stock.

Accenture Stock Up 1.4 %

Shares of ACN opened at $305.17 on Monday. Accenture plc has a 12 month low of $278.69 and a 12 month high of $398.35. The stock has a market cap of $190.97 billion, a price-to-earnings ratio of 25.60, a P/E/G ratio of 3.23 and a beta of 1.24. The company has a 50-day moving average price of $359.16 and a two-hundred day moving average price of $357.33. 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 quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share 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 return on equity of 26.91% and a net margin of 11.41%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.77 earnings per share. Equities analysts predict that Accenture plc will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th will be given a $1.48 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $5.92 dividend on an annualized basis and a yield of 1.94%. Accenture’s dividend payout ratio (DPR) is presently 49.66%.

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.