Yousif Capital Management LLC Has $28.68 Million Stock Holdings in Accenture plc (NYSE:ACN)

Yousif Capital Management LLC lessened its holdings in shares of Accenture plc (NYSE:ACN) by 2.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 81,520 shares of the information technology services provider’s stock after selling 2,210 shares during the period. Yousif Capital Management LLC’s holdings in Accenture were worth $28,678,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Avitas Wealth Management LLC grew its holdings in Accenture by 0.8% during the 4th quarter. Avitas Wealth Management LLC now owns 4,985 shares of the information technology services provider’s stock worth $1,754,000 after acquiring an additional 40 shares during the period. Ninety One North America Inc. boosted its position in shares of Accenture by 94.0% during the fourth quarter. Ninety One North America Inc. now owns 79,980 shares of the information technology services provider’s stock worth $28,136,000 after purchasing an additional 38,743 shares in the last quarter. Greenwood Capital Associates LLC bought a new position in shares of Accenture during the fourth quarter worth $4,822,000. Welch Group LLC boosted its position in shares of Accenture by 4.2% during the fourth quarter. Welch Group LLC now owns 19,375 shares of the information technology services provider’s stock worth $6,829,000 after purchasing an additional 785 shares in the last quarter. Finally, RBA Wealth Management LLC boosted its position in shares of Accenture by 7.4% during the fourth quarter. RBA Wealth Management LLC now owns 6,638 shares of the information technology services provider’s stock worth $2,335,000 after purchasing an additional 459 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Activity at Accenture

In other Accenture news, General Counsel Joel Unruch sold 4,750 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $362.78, for a total value of $1,723,205.00. Following the completion of the sale, the general counsel now owns 20,526 shares of the company’s stock, valued at $7,446,422.28. The trade was a 18.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Angela Beatty sold 375 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.50, for a total transaction of $134,437.50. Following the completion of the sale, the insider now directly owns 5,149 shares of the company’s stock, valued at $1,845,916.50. This represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,255 shares of company stock worth $4,756,101. Insiders own 0.02% of the company’s stock.

Accenture Stock Up 1.8 %

Accenture stock opened at $391.98 on Wednesday. The firm has a market capitalization of $245.30 billion, a PE ratio of 32.88, a P/E/G ratio of 3.43 and a beta of 1.24. The company’s 50-day moving average is $360.05 and its 200-day moving average is $350.64. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week high of $392.45. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.16. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The business had revenue of $17.69 billion for the quarter, compared to analyst estimates of $17.15 billion. During the same quarter in the prior year, the business earned $3.27 EPS. Accenture’s quarterly revenue was up 9.0% on a year-over-year basis. Sell-side analysts anticipate that Accenture plc will post 12.69 earnings per share for the current year.

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be paid a $1.48 dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $5.92 dividend on an annualized basis and a yield of 1.51%. Accenture’s dividend payout ratio (DPR) is currently 49.66%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. BNP Paribas cut shares of Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 price target on the stock. in a research report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price objective on shares of Accenture from $370.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Jefferies Financial Group cut their price objective on shares of Accenture from $385.00 to $355.00 and set a “hold” rating on the stock in a research report on Tuesday, January 21st. The Goldman Sachs Group raised shares of Accenture from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $370.00 to $420.00 in a research report on Friday, December 6th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $370.00 price objective on shares of Accenture in a research report on Tuesday, December 3rd. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, Accenture has a consensus rating of “Moderate Buy” and an average target price of $387.22.

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.