Hollow Brook Wealth Management LLC Sells 316 Shares of Accenture plc (NYSE:ACN)

Hollow Brook Wealth Management LLC trimmed its holdings in shares of Accenture plc (NYSE:ACN) by 3.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,010 shares of the information technology services provider’s stock after selling 316 shares during the quarter. Accenture accounts for 1.4% of Hollow Brook Wealth Management LLC’s holdings, making the stock its 23rd biggest position. Hollow Brook Wealth Management LLC’s holdings in Accenture were worth $3,513,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Ameriprise Financial Inc. increased its stake in Accenture by 2.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,284,770 shares of the information technology services provider’s stock worth $1,315,832,000 after purchasing an additional 96,414 shares in the last quarter. Redwood Investments LLC boosted its holdings in shares of Accenture by 8.3% in the 4th quarter. Redwood Investments LLC now owns 20,227 shares of the information technology services provider’s stock valued at $7,098,000 after buying an additional 1,542 shares during the last quarter. Chicago Capital LLC boosted its holdings in shares of Accenture by 284.7% in the 4th quarter. Chicago Capital LLC now owns 12,677 shares of the information technology services provider’s stock valued at $4,449,000 after buying an additional 9,382 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Accenture by 33,484.1% in the 4th quarter. International Assets Investment Management LLC now owns 567,572 shares of the information technology services provider’s stock valued at $199,167,000 after buying an additional 565,882 shares during the last quarter. Finally, VELA Investment Management LLC boosted its holdings in shares of Accenture by 4.3% in the 3rd quarter. VELA Investment Management LLC now owns 3,681 shares of the information technology services provider’s stock valued at $1,130,000 after buying an additional 153 shares during the last quarter. 75.14% of the stock is owned by institutional investors.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Manish Sharma sold 1,486 shares of Accenture stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $370.39, for a total value of $550,399.54. Following the transaction, the chief executive officer now owns 4,503 shares in the company, valued at $1,667,866.17. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the sale, the insider now directly owns 13,699 shares of the company’s stock, valued at $4,208,606.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Manish Sharma sold 1,486 shares of Accenture stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $370.39, for a total value of $550,399.54. Following the sale, the chief executive officer now directly owns 4,503 shares in the company, valued at $1,667,866.17. The disclosure for this sale can be found here. Insiders have sold a total of 31,639 shares of company stock worth $10,276,287 over the last 90 days. Insiders own 0.07% of the company’s stock.

Analyst Upgrades and Downgrades

ACN has been the subject of several recent analyst reports. Redburn Atlantic increased their price objective on Accenture from $410.00 to $445.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. BMO Capital Markets cut their price objective on Accenture from $385.00 to $375.00 and set a “market perform” rating for the company in a report on Friday, March 22nd. Royal Bank of Canada raised their price target on Accenture from $374.00 to $381.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. TD Cowen cut their price target on Accenture from $363.00 to $350.00 and set a “market perform” rating for the company in a report on Friday, March 22nd. Finally, Robert W. Baird raised their price target on Accenture from $364.00 to $375.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $387.00.

Accenture Stock Performance

Shares of NYSE ACN traded down $2.24 during mid-day trading on Tuesday, reaching $300.92. The company had a trading volume of 5,224,552 shares, compared to its average volume of 2,496,410. Accenture plc has a one year low of $261.68 and a one year high of $387.51. The firm has a market cap of $201.84 billion, a price-to-earnings ratio of 27.28, a PEG ratio of 2.92 and a beta of 1.19. The business’s 50-day simple moving average is $347.09 and its 200 day simple moving average is $342.34.

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

Accenture Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th will be given a $1.29 dividend. This represents a $5.16 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Wednesday, April 10th. Accenture’s dividend payout ratio is presently 46.78%.

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.