Xponance Inc. Has $51.05 Million Stake in Accenture plc (NYSE:ACN)

Xponance Inc. trimmed its stake in Accenture plc (NYSE:ACN) by 7.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 145,491 shares of the information technology services provider’s stock after selling 12,510 shares during the period. Accenture accounts for about 0.6% of Xponance Inc.’s holdings, making the stock its 24th largest position. Xponance Inc.’s holdings in Accenture were worth $51,054,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ACN. Chilton Capital Management LLC lifted its holdings in shares of Accenture by 180.0% during the 4th quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 45 shares during the period. Strategic Investment Solutions Inc. IL bought a new position in shares of Accenture during the 1st quarter worth about $28,000. BluePath Capital Management LLC bought a new position in shares of Accenture during the 3rd quarter worth about $31,000. Halpern Financial Inc. bought a new position in Accenture during the 4th quarter valued at about $31,000. Finally, RVW Wealth LLC bought a new position in Accenture during the 3rd quarter valued at about $33,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. UBS Group lifted their price target on shares of Accenture from $365.00 to $400.00 and gave the company a “neutral” rating in a report on Thursday, January 25th. Piper Sandler lifted their price target on shares of Accenture from $335.00 to $394.00 and gave the company a “neutral” rating in a report on Monday, March 18th. Royal Bank of Canada lifted their price target on shares of Accenture from $374.00 to $381.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. BMO Capital Markets dropped their target price on shares of Accenture from $385.00 to $375.00 and set a “market perform” rating for the company in a research note on Friday, March 22nd. Finally, Morgan Stanley boosted their target price on shares of Accenture from $400.00 to $417.00 and gave the stock an “overweight” rating in a research note on Monday, March 18th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $387.00.

Insider Transactions at Accenture

In other Accenture news, CEO Jean-Marc Ollagnier sold 6,250 shares of Accenture stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $315.91, for a total transaction of $1,974,437.50. Following the completion of the transaction, the chief executive officer now owns 161,581 shares of the company’s stock, valued at approximately $51,045,053.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Kathleen R. Mcclure sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $316.00, for a total value of $1,422,000.00. Following the completion of the sale, the chief financial officer now owns 42,781 shares in the company, valued at approximately $13,518,796. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jean-Marc Ollagnier sold 6,250 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $315.91, for a total value of $1,974,437.50. Following the completion of the sale, the chief executive officer now owns 161,581 shares of the company’s stock, valued at approximately $51,045,053.71. The disclosure for this sale can be found here. Insiders have sold 41,750 shares of company stock worth $14,543,436 in the last ninety days. Company insiders own 0.07% of the company’s stock.

Accenture Price Performance

NYSE ACN traded up $1.46 during trading hours on Thursday, reaching $316.00. The company’s stock had a trading volume of 2,995,243 shares, compared to its average volume of 2,368,846. The stock has a market cap of $211.95 billion, a P/E ratio of 28.53, a P/E/G ratio of 2.98 and a beta of 1.19. The firm has a fifty day simple moving average of $357.35 and a 200-day simple moving average of $341.95. Accenture plc has a 52 week low of $261.68 and a 52 week high of $387.51.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 EPS for the quarter, topping the consensus estimate of $2.66 by $0.11. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The company had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $15.85 billion. During the same quarter last year, the firm posted $2.69 EPS. The company’s quarterly revenue was down .1% on a year-over-year basis. On average, research analysts expect that Accenture plc will post 12.09 earnings per share for the current year.

Accenture Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th will be paid a dividend of $1.29 per share. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Wednesday, April 10th. Accenture’s payout ratio is 46.78%.

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.