Accenture plc (NYSE:ACN) Shares Sold by Donaldson Capital Management LLC

Donaldson Capital Management LLC reduced its position in Accenture plc (NYSE:ACN) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 228,087 shares of the information technology services provider’s stock after selling 3,070 shares during the period. Accenture comprises about 3.6% of Donaldson Capital Management LLC’s portfolio, making the stock its 4th biggest holding. Donaldson Capital Management LLC’s holdings in Accenture were worth $80,038,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Flputnam Investment Management Co. raised its position in Accenture by 1.3% during the fourth quarter. Flputnam Investment Management Co. now owns 143,338 shares of the information technology services provider’s stock worth $50,299,000 after acquiring an additional 1,834 shares during the period. Capital Analysts LLC raised its position in Accenture by 0.8% during the fourth quarter. Capital Analysts LLC now owns 9,982 shares of the information technology services provider’s stock worth $3,503,000 after acquiring an additional 75 shares during the period. Legacy CG LLC raised its position in Accenture by 12.0% during the fourth quarter. Legacy CG LLC now owns 11,228 shares of the information technology services provider’s stock worth $3,940,000 after acquiring an additional 1,204 shares during the period. Bison Wealth LLC raised its position in shares of Accenture by 5.6% in the fourth quarter. Bison Wealth LLC now owns 5,292 shares of the information technology services provider’s stock valued at $1,857,000 after buying an additional 282 shares during the last quarter. Finally, Hoxton Planning & Management LLC raised its position in shares of Accenture by 19.7% in the fourth quarter. Hoxton Planning & Management LLC now owns 1,764 shares of the information technology services provider’s stock valued at $619,000 after buying an additional 290 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Trading Down 0.7 %

NYSE:ACN traded down $2.13 during mid-day trading on Monday, hitting $313.27. The stock had a trading volume of 2,996,310 shares, compared to its average volume of 2,355,717. The stock has a 50-day simple moving average of $360.55 and a two-hundred day simple moving average of $342.00. The company has a market capitalization of $210.12 billion, a PE ratio of 28.62, a PEG ratio of 2.99 and a beta of 1.19. Accenture plc has a twelve month low of $261.68 and a twelve month high of $387.51.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.11. The firm had revenue of $15.80 billion for the quarter, compared to analysts’ expectations of $15.85 billion. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The firm’s revenue was down .1% compared to the same quarter last year. During the same quarter last year, the company earned $2.69 earnings per share. Sell-side analysts predict that Accenture plc will post 12.09 EPS for the current fiscal year.

Accenture Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Wednesday, April 10th. This represents a $5.16 dividend on an annualized basis and a yield of 1.65%. Accenture’s payout ratio is currently 46.78%.

Wall Street Analyst Weigh In

ACN has been the subject of a number of recent research reports. BMO Capital Markets reduced their target price on shares of Accenture from $385.00 to $375.00 and set a “market perform” rating for the company in a research report on Friday, March 22nd. Bank of America increased their target price on shares of Accenture from $379.00 to $419.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. 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. StockNews.com cut shares of Accenture from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd. Finally, Mizuho reissued a “buy” rating and issued a $398.00 price objective (down previously from $426.00) on shares of Accenture in a report on Friday, March 22nd. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Accenture currently has an average rating of “Moderate Buy” and a consensus target price of $387.00.

Insiders Place Their Bets

In other Accenture news, COO John F. Walsh sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $332.13, for a total transaction of $2,657,040.00. Following the sale, the chief operating officer now owns 17,877 shares of the company’s stock, valued at $5,937,488.01. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, COO John F. Walsh sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $332.13, for a total transaction of $2,657,040.00. Following the transaction, the chief operating officer now directly owns 17,877 shares in the company, valued at $5,937,488.01. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ellyn Shook sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $371.81, for a total transaction of $1,859,050.00. Following the transaction, the insider now owns 20,316 shares in the company, valued at $7,553,691.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,000 shares of company stock valued at $11,146,998. 0.07% of the stock is owned by corporate insiders.

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.