Tsfg LLC Buys 75 Shares of Accenture plc (NYSE:ACN)

Tsfg LLC raised its position in shares of Accenture plc (NYSE:ACN) by 267.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 103 shares of the information technology services provider’s stock after buying an additional 75 shares during the quarter. Tsfg LLC’s holdings in Accenture were worth $36,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Chilton Capital Management LLC boosted its position in shares of Accenture by 180.0% in the 4th quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 45 shares in the last quarter. DiNuzzo Private Wealth Inc. purchased a new position in shares of Accenture in the 4th quarter valued at approximately $27,000. Ables Iannone Moore & Associates Inc. acquired a new stake in Accenture in the 4th quarter worth approximately $29,000. Atwood & Palmer Inc. increased its position in shares of Accenture by 214.8% in the 1st quarter. Atwood & Palmer Inc. now owns 85 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 58 shares during the period. Finally, Halpern Financial Inc. purchased a new stake in Accenture in the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Accenture Trading Up 0.1 %

Shares of NYSE:ACN opened at $303.58 on Friday. The company’s 50 day moving average is $300.17 and its two-hundred day moving average is $336.15. The company has a market cap of $203.62 billion, a PE ratio of 27.80, a P/E/G ratio of 3.40 and a beta of 1.21. Accenture plc has a 52 week low of $278.69 and a 52 week high of $387.51.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, June 20th. The information technology services provider reported $3.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). Accenture had a net margin of 10.79% and a return on equity of 27.48%. The business had revenue of $16.47 billion during the quarter, compared to analyst estimates of $16.55 billion. During the same period last year, the company earned $3.19 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, equities research analysts expect that Accenture plc will post 11.95 EPS for the current year.

Accenture Dividend Announcement

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 paid a $1.29 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $5.16 dividend on an annualized basis and a yield of 1.70%. Accenture’s dividend payout ratio is presently 47.25%.

Insider Transactions at Accenture

In other news, CFO Kathleen R. Mcclure sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $316.00, for a total value of $1,422,000.00. Following the transaction, the chief financial officer now owns 42,781 shares of the company’s stock, valued at $13,518,796. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Kathleen R. Mcclure sold 4,500 shares of Accenture stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $316.00, for a total transaction of $1,422,000.00. Following the completion of the transaction, the chief financial officer now directly owns 42,781 shares in the company, valued at approximately $13,518,796. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Joel Unruch sold 4,333 shares of Accenture stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $316.12, for a total value of $1,369,747.96. Following the sale, the general counsel now owns 30,702 shares of the company’s stock, valued at approximately $9,705,516.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,083 shares of company stock worth $6,302,285. Company insiders own 0.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ACN shares. The Goldman Sachs Group assumed coverage on Accenture in a report on Monday, June 24th. They issued a “neutral” rating and a $335.00 price objective for the company. Barclays dropped their price objective on Accenture from $390.00 to $350.00 and set an “overweight” rating on the stock in a report on Monday, June 17th. TD Cowen reduced their price objective on shares of Accenture from $294.00 to $293.00 and set a “hold” rating for the company in a research report on Friday, June 21st. Susquehanna reduced their price target on shares of Accenture from $360.00 to $350.00 and set a “neutral” rating for the company in a research report on Friday, June 21st. Finally, Redburn Atlantic boosted their price objective on Accenture from $410.00 to $445.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Twelve equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $352.74.

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.