Accenture PLC $ACN Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its stake in shares of Accenture PLC (NYSE:ACN) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 71,803 shares of the information technology services provider’s stock after selling 3,639 shares during the period. Yousif Capital Management LLC’s holdings in Accenture were worth $19,581,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ACN. Investors Research Corp increased its position in Accenture by 73.8% during the third quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 45 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Accenture by 132.6% in the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 61 shares in the last quarter. Triumph Capital Management acquired a new stake in shares of Accenture in the third quarter worth $26,000. Board of the Pension Protection Fund acquired a new stake in shares of Accenture in the fourth quarter worth $27,000. Finally, Davis Capital Management acquired a new stake in shares of Accenture in the third quarter worth $28,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Activity

In other Accenture news, CEO Julie Spellman Sweet sold 6,057 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $241.23, for a total transaction of $1,461,130.11. Following the transaction, the chief executive officer directly owned 15,255 shares in the company, valued at $3,679,963.65. This represents a 28.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Manish Sharma sold 2,731 shares of the stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $288.13, for a total transaction of $786,883.03. Following the transaction, the insider owned 7,057 shares in the company, valued at $2,033,333.41. This trade represents a 27.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 20,256 shares of company stock worth $5,464,134 over the last ninety days. Insiders own 0.02% of the company’s stock.

Accenture Price Performance

ACN opened at $197.36 on Wednesday. The company has a fifty day simple moving average of $214.01 and a 200 day simple moving average of $242.61. The firm has a market cap of $131.33 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 1.91 and a beta of 1.24. Accenture PLC has a twelve month low of $187.00 and a twelve month high of $325.71. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN) last released its quarterly earnings results on Friday, March 20th. The information technology services provider reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.09. The business had revenue of $18.04 billion during the quarter, compared to analyst estimates of $17.80 billion. Accenture had a net margin of 10.61% and a return on equity of 26.33%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the business earned $2.82 EPS. Equities research analysts expect that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 9th will be paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Thursday, April 9th. Accenture’s dividend payout ratio is 53.40%.

Analyst Ratings Changes

Several research firms have recently issued reports on ACN. Wolfe Research increased their price objective on shares of Accenture from $300.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Accenture from $280.00 to $230.00 and set a “hold” rating for the company in a research report on Friday, March 6th. TD Cowen dropped their price objective on shares of Accenture from $282.00 to $275.00 and set a “buy” rating for the company in a research report on Monday, March 16th. Citigroup lowered their price target on shares of Accenture from $266.00 to $215.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Finally, HSBC raised shares of Accenture from a “reduce” rating to a “hold” rating and set a $220.00 price target for the company in a report on Friday, March 20th. Eighteen investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $274.88.

Accenture Profile

Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.

The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.