655 Shares in Accenture plc (NYSE:ACN) Bought by Vestor Capital LLC

Vestor Capital LLC acquired a new stake in shares of Accenture plc (NYSE:ACN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 655 shares of the information technology services provider’s stock, valued at approximately $230,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ACN. NBT Bank N A NY purchased a new position in Accenture during the third quarter valued at $592,000. TIAA Trust National Association acquired a new stake in shares of Accenture in the third quarter valued at about $18,231,000. Capital Advisors Ltd. LLC raised its position in shares of Accenture by 5.2% in the third quarter. Capital Advisors Ltd. LLC now owns 943 shares of the information technology services provider’s stock valued at $290,000 after buying an additional 47 shares during the last quarter. Dubuque Bank & Trust Co raised its position in shares of Accenture by 18.4% in the third quarter. Dubuque Bank & Trust Co now owns 1,328 shares of the information technology services provider’s stock valued at $408,000 after buying an additional 206 shares during the last quarter. Finally, Brady Family Wealth LLC raised its position in shares of Accenture by 0.5% in the third quarter. Brady Family Wealth LLC now owns 23,159 shares of the information technology services provider’s stock valued at $7,112,000 after buying an additional 107 shares during the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Ellyn Shook sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the completion of the sale, the insider now owns 13,699 shares in the company, valued at approximately $4,208,606.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Jean-Marc Ollagnier sold 6,250 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $315.91, for a total transaction of $1,974,437.50. Following the completion of the sale, the chief executive officer now owns 161,581 shares in the company, valued at approximately $51,045,053.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ellyn Shook sold 5,000 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the completion of the sale, the insider now owns 13,699 shares of the company’s stock, valued at approximately $4,208,606.78. The disclosure for this sale can be found here. Insiders sold 28,083 shares of company stock worth $8,959,325 in the last 90 days. Corporate insiders own 0.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ACN shares. UBS Group increased their target price on shares of Accenture from $365.00 to $400.00 and gave the company a “neutral” rating in a research report on Thursday, January 25th. Susquehanna reiterated a “neutral” rating and issued a $360.00 target price (down from $400.00) on shares of Accenture in a research report on Thursday, March 21st. TD Cowen reduced their target price on shares of Accenture from $363.00 to $350.00 and set a “market perform” rating for the company in a research report on Friday, March 22nd. Guggenheim initiated coverage on shares of Accenture in a research report on Tuesday, March 19th. They set a “buy” rating and a $425.00 price objective for the company. Finally, StockNews.com cut shares of Accenture from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Accenture currently has an average rating of “Moderate Buy” and an average price target of $387.00.

Accenture Price Performance

Shares of ACN stock traded down $5.43 during trading on Thursday, reaching $306.56. The company’s stock had a trading volume of 3,238,071 shares, compared to its average volume of 2,507,225. The company has a market capitalization of $205.62 billion, a price-to-earnings ratio of 27.80, a P/E/G ratio of 2.88 and a beta of 1.21. The stock’s 50-day moving average price is $338.85 and its 200 day moving average price is $342.14. Accenture plc has a 1-year low of $264.42 and a 1-year 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 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.11. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The firm had revenue of $15.80 billion during the quarter, compared to analysts’ expectations of $15.85 billion. During the same quarter in the previous year, the business posted $2.69 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. On average, sell-side analysts anticipate that Accenture plc will post 12.09 EPS for the current fiscal year.

Accenture Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th will be issued a dividend of $1.29 per share. This represents a $5.16 annualized dividend and a yield of 1.68%. The ex-dividend date is Wednesday, April 10th. Accenture’s dividend payout ratio (DPR) is presently 46.78%.

Accenture 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.