Accenture plc (NYSE:ACN) Shares Sold by Vision Capital Management Inc.

Vision Capital Management Inc. lessened its stake in shares of Accenture plc (NYSE:ACN) by 43.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,612 shares of the information technology services provider’s stock after selling 2,789 shares during the period. Vision Capital Management Inc.’s holdings in Accenture were worth $1,271,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Morse Asset Management Inc acquired a new stake in Accenture during the 3rd quarter valued at $25,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Accenture during the 3rd quarter worth $30,000. Retirement Wealth Solutions LLC purchased a new position in shares of Accenture during the 4th quarter worth $34,000. Mowery & Schoenfeld Wealth Management LLC lifted its stake in shares of Accenture by 607.1% during the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 85 shares during the period. Finally, Berbice Capital Management LLC purchased a new position in shares of Accenture during the 4th quarter worth $35,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insiders Place Their Bets

In other news, General Counsel Joel Unruch sold 4,750 shares of Accenture stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $362.78, for a total transaction of $1,723,205.00. Following the sale, the general counsel now owns 20,526 shares of the company’s stock, valued at approximately $7,446,422.28. The trade was a 18.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Angie Y. Park sold 685 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $354.38, for a total value of $242,750.30. Following the sale, the chief financial officer now directly owns 8,674 shares in the company, valued at approximately $3,073,892.12. The trade was a 7.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,255 shares of company stock valued at $4,756,101 over the last quarter. Insiders own 0.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ACN. StockNews.com raised Accenture from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. Piper Sandler increased their target price on Accenture from $422.00 to $429.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Wolfe Research raised Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 target price on the stock in a research report on Wednesday, January 8th. Robert W. Baird reaffirmed a “neutral” rating and issued a $370.00 target price on shares of Accenture in a research report on Tuesday, December 3rd. Finally, BNP Paribas downgraded Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 price target for the company. in a report on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $387.22.

Accenture Stock Up 1.6 %

NYSE:ACN opened at $397.92 on Thursday. The company has a market capitalization of $249.01 billion, a price-to-earnings ratio of 33.38, a price-to-earnings-growth ratio of 3.43 and a beta of 1.24. Accenture plc has a one year low of $278.69 and a one year high of $398.35. The stock has a 50-day simple moving average of $360.63 and a 200 day simple moving average of $351.08. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $17.69 billion for the quarter, compared to analysts’ expectations of $17.15 billion. During the same quarter last year, the company posted $3.27 earnings per share. Accenture’s revenue was up 9.0% on a year-over-year basis. Sell-side analysts predict that Accenture plc will post 12.69 EPS for the current fiscal year.

Accenture Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 16th will be issued a $1.48 dividend. The ex-dividend date is Thursday, January 16th. This represents a $5.92 dividend on an annualized basis and a yield of 1.49%. Accenture’s dividend payout ratio is currently 49.66%.

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.