PFW Advisors LLC Sells 54 Shares of Accenture plc (NYSE:ACN)

PFW Advisors LLC decreased its stake in Accenture plc (NYSE:ACN) by 0.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,195 shares of the information technology services provider’s stock after selling 54 shares during the period. Accenture accounts for about 0.8% of PFW Advisors LLC’s holdings, making the stock its 29th biggest holding. PFW Advisors LLC’s holdings in Accenture were worth $2,557,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. FPC Investment Advisory Inc. grew its holdings in Accenture by 62.2% during the fourth quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock worth $28,000 after buying an additional 28 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in Accenture in the 4th quarter valued at $30,000. Mpwm Advisory Solutions LLC bought a new position in Accenture in the 4th quarter valued at $30,000. POM Investment Strategies LLC grew its stake in Accenture by 64.2% in 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 period. Finally, Park Square Financial Group LLC bought a new position in Accenture in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Wall Street Zen downgraded Accenture from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. Barclays dropped their price target on Accenture from $415.00 to $390.00 and set an “overweight” rating on the stock in a research report on Monday, March 24th. Royal Bank of Canada dropped their price target on Accenture from $399.00 to $392.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. Stifel Nicolaus dropped their price target on Accenture from $390.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Finally, UBS Group reaffirmed a “buy” rating and set a $395.00 price target (up previously from $390.00) on shares of Accenture in a research report on Thursday, May 22nd. Seven research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $382.14.

Insider Transactions at Accenture

In other news, insider Angela Beatty sold 169 shares of Accenture stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $281.90, for a total value of $47,641.10. Following the sale, the insider now directly owns 5,364 shares in the company, valued at approximately $1,512,111.60. This trade represents a 3.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Joel Unruch sold 3,563 shares of Accenture stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $281.78, for a total value of $1,003,982.14. Following the completion of the sale, the general counsel now owns 17,237 shares in the company, valued at approximately $4,857,041.86. This represents a 17.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,516 shares of company stock worth $2,507,366. 0.02% of the stock is currently owned by insiders.

Accenture Stock Performance

Shares of NYSE ACN opened at $317.49 on Friday. The stock has a market cap of $198.85 billion, a price-to-earnings ratio of 26.64, a P/E/G ratio of 3.23 and a beta of 1.33. 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 plc has a 1-year low of $275.01 and a 1-year high of $398.35. The stock’s 50-day moving average is $303.15 and its 200 day moving average is $337.11.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.01. The company had revenue of $16.70 billion for the quarter, compared to analysts’ expectations of $16.64 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. Accenture’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the firm posted $2.77 EPS. On average, sell-side analysts anticipate 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 was paid on Thursday, May 15th. Investors of record on Thursday, April 10th were given a dividend of $1.48 per share. The ex-dividend date was Thursday, April 10th. This represents a $5.92 annualized dividend and a yield of 1.86%. Accenture’s payout ratio is 48.89%.

Accenture Company 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.