Meeder Advisory Services Inc. Sells 50 Shares of Accenture plc (NYSE:ACN)

Meeder Advisory Services Inc. reduced its holdings in shares of Accenture plc (NYSE:ACN) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,421 shares of the information technology services provider’s stock after selling 50 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Accenture were worth $4,018,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Potomac Fund Management Inc. ADV purchased a new position in Accenture in the fourth quarter valued at approximately $1,737,000. OV Management LLC lifted its position in shares of Accenture by 6.0% during the 4th quarter. OV Management LLC now owns 2,810 shares of the information technology services provider’s stock valued at $989,000 after buying an additional 159 shares during the last quarter. May Hill Capital LLC bought a new position in shares of Accenture during the 4th quarter worth $273,000. Geode Capital Management LLC increased its holdings in Accenture by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 13,528,348 shares of the information technology services provider’s stock worth $4,750,021,000 after acquiring an additional 136,665 shares during the last quarter. Finally, Nemes Rush Group LLC lifted its holdings in Accenture by 7.5% during the fourth quarter. Nemes Rush Group LLC now owns 418 shares of the information technology services provider’s stock valued at $147,000 after purchasing an additional 29 shares during the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Price Performance

Shares of Accenture stock opened at $313.50 on Wednesday. The business’s 50-day moving average price is $353.32 and its 200-day moving average price is $355.55. The firm has a market capitalization of $196.35 billion, a PE ratio of 26.30, a price-to-earnings-growth ratio of 3.23 and a beta of 1.24. Accenture plc has a 12 month low of $278.69 and a 12 month high of $398.35. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, topping the consensus estimate of $2.81 by $0.01. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The firm had revenue of $16.70 billion for the quarter, compared to the consensus estimate of $16.64 billion. During the same period last year, the firm posted $2.77 earnings per share. The business’s revenue was up 5.7% compared to the same quarter last year. Sell-side analysts forecast that Accenture plc will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th will be paid a $1.48 dividend. The ex-dividend date is Thursday, April 10th. This represents a $5.92 dividend on an annualized basis and a yield of 1.89%. Accenture’s dividend payout ratio (DPR) is currently 48.89%.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 2,497 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $354.48, for a total value of $885,136.56. Following the completion of the sale, the chief executive officer now owns 28,866 shares in the company, valued at approximately $10,232,419.68. This trade represents a 7.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Melissa A. Burgum sold 232 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $394.46, for a total value of $91,514.72. Following the transaction, the chief accounting officer now owns 8,915 shares of the company’s stock, valued at approximately $3,516,610.90. This represents a 2.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,905 shares of company stock worth $8,181,753. 0.02% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. The Goldman Sachs Group raised shares of Accenture from a “neutral” rating to a “buy” rating and boosted their price target for the company from $370.00 to $420.00 in a research report on Friday, December 6th. UBS Group lowered their target price on shares of Accenture from $455.00 to $387.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Mizuho reduced their price target on Accenture from $428.00 to $398.00 and set an “outperform” rating for the company in a research report on Wednesday, March 19th. BMO Capital Markets increased their price objective on Accenture to $355.00 and gave the stock a “hold” rating in a report on Wednesday, March 26th. Finally, Morgan Stanley reduced their target price on Accenture from $380.00 to $372.00 and set an “equal weight” rating for the company in a report on Monday, March 17th. Eight equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Accenture presently has an average rating of “Moderate Buy” and an average target price of $378.23.

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.