Accenture plc (NYSE:ACN) Shares Sold by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. lowered its position in shares of Accenture plc (NYSE:ACN) by 0.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,910 shares of the information technology services provider’s stock after selling 185 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in Accenture were worth $16,110,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Pin Oak Investment Advisors Inc. boosted its position in Accenture by 8.2% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 357 shares of the information technology services provider’s stock valued at $125,000 after buying an additional 27 shares during the last quarter. Brave Asset Management Inc. grew its stake in Accenture by 2.8% during the 4th quarter. Brave Asset Management Inc. now owns 1,028 shares of the information technology services provider’s stock valued at $361,000 after purchasing an additional 28 shares in the last quarter. Addison Advisors LLC raised its position in shares of Accenture by 0.9% in the 4th quarter. Addison Advisors LLC now owns 3,181 shares of the information technology services provider’s stock valued at $1,116,000 after purchasing an additional 28 shares in the last quarter. Searle & CO. grew its position in shares of Accenture by 3.6% during the fourth quarter. Searle & CO. now owns 803 shares of the information technology services provider’s stock worth $282,000 after buying an additional 28 shares in the last quarter. Finally, Sound View Wealth Advisors Group LLC raised its holdings in Accenture by 2.1% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 1,363 shares of the information technology services provider’s stock valued at $478,000 after acquiring an additional 28 shares in the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Accenture Price Performance

NYSE ACN traded up $0.39 on Friday, hitting $303.58. 14,905,537 shares of the company were exchanged, compared to its average volume of 2,918,133. Accenture plc has a twelve month low of $278.69 and a twelve month high of $387.51. The company’s 50 day moving average price is $300.17 and its 200-day moving average price is $336.15. The firm has a market capitalization of $203.62 billion, a P/E ratio of 27.80, a price-to-earnings-growth ratio of 3.40 and a beta of 1.21.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, June 20th. The information technology services provider reported $3.13 earnings per share for the quarter, missing the consensus estimate of $3.15 by ($0.02). The firm had revenue of $16.47 billion for the quarter, compared to analysts’ expectations of $16.55 billion. Accenture had a return on equity of 27.48% and a net margin of 10.79%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.19 earnings per share. As a group, equities analysts expect that Accenture plc will post 11.95 EPS for the current year.

Accenture Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 11th will be given a dividend of $1.29 per share. The ex-dividend date is Thursday, July 11th. This represents a $5.16 dividend on an annualized basis and a yield of 1.70%. Accenture’s payout ratio is presently 47.25%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Redburn Atlantic upped their target price on shares of Accenture from $410.00 to $445.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. TD Cowen decreased their target price on Accenture from $294.00 to $293.00 and set a “hold” rating for the company in a research report on Friday, June 21st. The Goldman Sachs Group initiated coverage on Accenture in a research report on Monday. They set a “neutral” rating and a $335.00 price target on the stock. Guggenheim reiterated a “buy” rating and set a $395.00 target price on shares of Accenture in a research note on Friday, May 24th. Finally, Susquehanna decreased their price target on shares of Accenture from $360.00 to $350.00 and set a “neutral” rating for the company in a report on Friday, June 21st. Twelve investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $352.74.

Insider Activity

In related news, insider Ellyn Shook sold 5,000 shares of the firm’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 directly owns 13,699 shares in the company, valued at $4,208,606.78. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Jean-Marc Ollagnier sold 6,250 shares of the firm’s 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 sale, the chief executive officer now directly owns 161,581 shares of the company’s stock, valued at approximately $51,045,053.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $1,536,100.00. Following the completion of the sale, the insider now directly 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 have sold 20,083 shares of company stock worth $6,302,285 in the last 90 days. Company insiders own 0.07% of the company’s stock.

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.