Guyasuta Investment Advisors Inc. Decreases Holdings in Accenture plc (NYSE:ACN)

Guyasuta Investment Advisors Inc. trimmed its position in Accenture plc (NYSE:ACN) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,105 shares of the information technology services provider’s stock after selling 215 shares during the quarter. Accenture accounts for approximately 1.1% of Guyasuta Investment Advisors Inc.’s holdings, making the stock its 27th biggest holding. Guyasuta Investment Advisors Inc.’s holdings in Accenture were worth $17,626,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Morse Asset Management Inc purchased a new position in Accenture during the 3rd quarter valued at $25,000. MidAtlantic Capital Management Inc. purchased a new position in Accenture in the 3rd quarter worth about $30,000. POM Investment Strategies LLC increased its position in shares of Accenture by 64.2% during the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 34 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new stake in shares of Accenture during the 4th quarter valued at about $34,000. Finally, Mowery & Schoenfeld Wealth Management LLC increased its holdings in Accenture by 607.1% in the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the information technology services provider’s stock worth $35,000 after acquiring an additional 85 shares in the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Accenture

In other news, CAO Melissa A. Burgum sold 1,487 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $354.54, for a total transaction of $527,200.98. Following the sale, the chief accounting officer now owns 9,247 shares of the company’s stock, valued at approximately $3,278,431.38. This trade represents a 13.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Julie Spellman Sweet sold 8,793 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $394.47, for a total value of $3,468,574.71. Following the transaction, the chief executive officer now owns 11,858 shares in the company, valued at $4,677,625.26. This represents a 42.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,280 shares of company stock valued at $8,316,190 in the last quarter. Corporate insiders own 0.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Morgan Stanley increased their target price on shares of Accenture from $335.00 to $380.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. StockNews.com upgraded Accenture from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. upped their price target on Accenture from $370.00 to $396.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Jefferies Financial Group lowered their target price on Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a research report on Tuesday, January 21st. Finally, The Goldman Sachs Group raised shares of Accenture from a “neutral” rating to a “buy” rating and raised their target price for the company from $370.00 to $420.00 in a report on Friday, December 6th. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $387.22.

Accenture Stock Down 0.4 %

NYSE ACN opened at $387.99 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. The business has a fifty day moving average price of $364.78 and a 200 day moving average price of $353.68. The company has a market cap of $242.80 billion, a P/E ratio of 32.55, a P/E/G ratio of 3.44 and a beta of 1.24. Accenture plc has a one year low of $278.69 and a one year high of $398.35.

Accenture (NYSE:ACN) last announced its 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 return on equity of 26.91% and a net margin of 11.41%. The company had revenue of $17.69 billion during the quarter, compared to analysts’ expectations of $17.15 billion. During the same period last year, the business posted $3.27 EPS. Accenture’s revenue for the quarter was up 9.0% on a year-over-year basis. Research analysts anticipate that Accenture plc will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 16th were issued a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Thursday, January 16th. Accenture’s dividend payout ratio (DPR) is 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.