Crescent Grove Advisors LLC Sells 40 Shares of Accenture plc (NYSE:ACN)

Crescent Grove Advisors LLC lessened its position in shares of Accenture plc (NYSE:ACN) by 3.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,234 shares of the information technology services provider’s stock after selling 40 shares during the period. Crescent Grove Advisors LLC’s holdings in Accenture were worth $434,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Morse Asset Management Inc bought a new position in shares of Accenture in the 3rd quarter worth $25,000. MidAtlantic Capital Management Inc. bought a new position in shares of Accenture in the 3rd quarter worth $30,000. Retirement Wealth Solutions LLC bought a new position in shares of Accenture in the 4th quarter worth $34,000. Mowery & Schoenfeld Wealth Management LLC increased its holdings in shares of Accenture by 607.1% in the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the information technology services provider’s stock worth $35,000 after buying an additional 85 shares during the last quarter. Finally, Berbice Capital Management LLC bought a new position in shares of Accenture in the 4th quarter worth $35,000. Institutional investors own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. BNP Paribas lowered shares of Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 price target on the stock. in a report on Wednesday, October 30th. BMO Capital Markets increased their target price on shares of Accenture from $390.00 to $425.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Piper Sandler increased their target price on shares of Accenture from $422.00 to $429.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. Barclays increased their target price on shares of Accenture from $350.00 to $415.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Finally, UBS Group increased their target price on shares of Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a report on Friday, December 20th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, Accenture presently has a consensus rating of “Moderate Buy” and a consensus price target of $383.74.

Accenture Trading Down 0.2 %

NYSE:ACN opened at $362.65 on Monday. The company has a 50-day moving average price of $357.37 and a 200-day moving average price of $347.64. Accenture plc has a 12 month low of $278.69 and a 12 month high of $387.51. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. The stock has a market cap of $226.94 billion, a price-to-earnings ratio of 30.42, a P/E/G ratio of 3.20 and a beta of 1.24.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, topping the consensus estimate of $3.43 by $0.16. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The firm had revenue of $17.69 billion during the quarter, compared to analysts’ expectations of $17.15 billion. During the same period last year, the company posted $3.27 EPS. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. Equities analysts predict that Accenture plc will post 12.69 EPS for the current year.

Accenture Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be given a dividend of $1.48 per share. The ex-dividend date is Thursday, January 16th. This represents a $5.92 dividend on an annualized basis and a yield of 1.63%. Accenture’s dividend payout ratio (DPR) is currently 49.66%.

Insider Activity at Accenture

In other Accenture news, CAO Melissa A. Burgum sold 1,487 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $354.54, for a total transaction of $527,200.98. Following the completion of the sale, the chief accounting officer now directly owns 9,247 shares in the company, valued at approximately $3,278,431.38. This trade represents a 13.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ryoji Sekido sold 3,191 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $343.70, for a total transaction of $1,096,746.70. Following the sale, the chief executive officer now owns 6 shares of the company’s stock, valued at approximately $2,062.20. This represents a 99.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,196 shares of company stock valued at $3,226,918 in the last three months. Company insiders own 0.02% of the company’s stock.

About Accenture

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.