Sepio Capital LP Purchases 155 Shares of Accenture plc (NYSE:ACN)

Sepio Capital LP grew its position in Accenture plc (NYSE:ACN) by 11.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,495 shares of the information technology services provider’s stock after purchasing an additional 155 shares during the period. Sepio Capital LP’s holdings in Accenture were worth $526,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of ACN. Morse Asset Management Inc acquired a new position in Accenture during the 3rd quarter worth approximately $25,000. FPC Investment Advisory Inc. boosted 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 purchasing an additional 28 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in Accenture in the fourth quarter valued at $30,000. POM Investment Strategies LLC lifted its position in Accenture by 64.2% during the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock worth $31,000 after buying an additional 34 shares in the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Accenture during the 4th quarter worth about $34,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ACN has been the topic of several analyst reports. StockNews.com lowered Accenture from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. Baird R W raised Accenture from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Piper Sandler lowered their target price on shares of Accenture from $396.00 to $364.00 and set an “overweight” rating on the stock in a report on Thursday, March 20th. Jefferies Financial Group cut their price target on shares of Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a research note on Tuesday, January 21st. Finally, BMO Capital Markets boosted their price objective on shares of Accenture to $355.00 and gave the stock a “hold” rating in a research note on Wednesday, March 26th. Eight investment 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. According to MarketBeat.com, Accenture has a consensus rating of “Moderate Buy” and a consensus target price of $378.23.

Insider Buying and Selling at Accenture

In related news, CAO Melissa A. Burgum sold 1,487 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $354.54, for a total transaction of $527,200.98. Following the transaction, the chief accounting officer now directly owns 9,247 shares of the company’s stock, valued at approximately $3,278,431.38. This represents a 13.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Julie Spellman Sweet sold 2,497 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were 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 directly owns 28,866 shares of the company’s stock, valued at $10,232,419.68. This trade represents a 7.96 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,905 shares of company stock valued at $8,181,753. Corporate insiders own 0.02% of the company’s stock.

Accenture Stock Performance

NYSE:ACN opened at $285.04 on Monday. Accenture plc has a fifty-two week low of $275.00 and a fifty-two week high of $398.35. The company has a 50 day simple moving average of $349.68 and a two-hundred day simple moving average of $354.67. The company has a market capitalization of $178.53 billion, a PE ratio of 23.91, a P/E/G ratio of 3.23 and a beta of 1.32. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.01. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The firm had revenue of $16.70 billion during the quarter, compared to the consensus estimate of $16.64 billion. The business’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business posted $2.77 EPS. Research analysts anticipate that Accenture plc will post 12.73 earnings per share for the current 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 issued a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Thursday, April 10th. 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.