Accenture plc (NYSE:ACN) Shares Acquired by Sei Investments Co.

Sei Investments Co. lifted its holdings in shares of Accenture plc (NYSE:ACN) by 8.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 376,869 shares of the information technology services provider’s stock after acquiring an additional 27,911 shares during the quarter. Sei Investments Co. owned about 0.06% of Accenture worth $132,581,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ACN. Morse Asset Management Inc acquired a new position in shares of Accenture during the 3rd quarter valued at $25,000. FPC Investment Advisory Inc. lifted its holdings in Accenture by 62.2% in the 4th 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 in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in Accenture in the 4th quarter worth $30,000. POM Investment Strategies LLC lifted its holdings in Accenture by 64.2% in the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock worth $31,000 after buying an additional 34 shares in the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new position in Accenture in the 4th quarter worth $34,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Buying and Selling at Accenture

In related news, CEO Julie Spellman Sweet sold 2,497 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $354.48, for a total transaction of $885,136.56. Following the transaction, the chief executive officer now owns 28,866 shares in the company, valued at $10,232,419.68. This trade represents a 7.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Angela Beatty sold 375 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.50, for a total transaction of $134,437.50. Following the transaction, the insider now owns 5,149 shares in the company, valued at $1,845,916.50. This represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,280 shares of company stock worth $8,316,190. 0.02% of the stock is owned by company insiders.

Accenture Price Performance

Shares of NYSE:ACN opened at $305.17 on Friday. The firm’s 50 day moving average is $359.16 and its two-hundred day moving average is $357.13. Accenture plc has a 52 week low of $278.69 and a 52 week high of $398.35. The firm has a market capitalization of $190.97 billion, a P/E ratio of 25.60, a PEG ratio of 3.23 and a beta of 1.24. 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 (NYSE:ACN) last announced its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, beating the consensus estimate of $2.81 by $0.01. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The company had revenue of $16.70 billion for the quarter, compared to analyst estimates of $16.64 billion. During the same quarter last year, the business earned $2.77 earnings per share. Accenture’s revenue was up 5.7% compared to the same quarter last year. Analysts anticipate that Accenture plc will post 12.73 earnings per share for the current 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 paid a $1.48 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $5.92 annualized dividend and a dividend yield of 1.94%. Accenture’s payout ratio is currently 49.66%.

Analysts Set New Price Targets

A number of brokerages have commented on ACN. Piper Sandler cut their price objective on shares of Accenture from $396.00 to $364.00 and set an “overweight” rating on the stock in a report on Thursday. Wolfe Research upgraded shares of Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price objective on the stock in a report on Wednesday, January 8th. Robert W. Baird upgraded shares of Accenture from a “neutral” rating to an “outperform” rating and set a $390.00 price objective on the stock in a report on Monday, March 17th. Guggenheim cut their target price on shares of Accenture from $400.00 to $395.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Mizuho cut their target price on shares of Accenture from $428.00 to $398.00 and set an “outperform” rating on the stock in a research note on Wednesday. Eight 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $380.05.

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.