Accenture plc (NYSE:ACN) Shares Sold by Mogy Joel R Investment Counsel Inc.

Mogy Joel R Investment Counsel Inc. cut its stake in Accenture plc (NYSE:ACN) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,038 shares of the information technology services provider’s stock after selling 1,291 shares during the period. Accenture makes up approximately 2.5% of Mogy Joel R Investment Counsel Inc.’s investment portfolio, making the stock its 17th biggest position. Mogy Joel R Investment Counsel Inc.’s holdings in Accenture were worth $33,701,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ACN. Brave Asset Management Inc. grew its stake in shares of Accenture by 2.8% in the 4th quarter. Brave Asset Management Inc. now owns 1,028 shares of the information technology services provider’s stock worth $361,000 after acquiring an additional 28 shares in the last quarter. Addison Advisors LLC lifted its holdings in shares of Accenture by 0.9% in the fourth quarter. Addison Advisors LLC now owns 3,181 shares of the information technology services provider’s stock worth $1,116,000 after buying an additional 28 shares in the last quarter. KMG Fiduciary Partners LLC lifted its holdings in shares of Accenture by 4.0% in the fourth quarter. KMG Fiduciary Partners LLC now owns 760 shares of the information technology services provider’s stock worth $267,000 after buying an additional 29 shares in the last quarter. Carr Financial Group Corp raised its stake in Accenture by 2.4% in the fourth quarter. Carr Financial Group Corp now owns 1,245 shares of the information technology services provider’s stock valued at $437,000 after purchasing an additional 29 shares in the last quarter. Finally, PDS Planning Inc raised its stake in Accenture by 1.2% in the fourth quarter. PDS Planning Inc now owns 2,372 shares of the information technology services provider’s stock valued at $832,000 after purchasing an additional 29 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ACN has been the topic of a number of recent research reports. Bank of America increased their price target on shares of Accenture from $379.00 to $419.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. StockNews.com lowered Accenture from a “buy” rating to a “hold” rating in a research note on Saturday. Redburn Atlantic raised their price target on Accenture from $410.00 to $445.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Mizuho reaffirmed a “buy” rating and issued a $398.00 price target (down previously from $426.00) on shares of Accenture in a research note on Friday, March 22nd. Finally, Citigroup dropped their price target on Accenture from $430.00 to $400.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $387.00.

Insider Activity at Accenture

In related news, CEO Manish Sharma sold 1,486 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $370.39, for a total value of $550,399.54. Following the transaction, the chief executive officer now directly owns 4,503 shares of the company’s stock, valued at approximately $1,667,866.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Manish Sharma sold 1,486 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $370.39, for a total value of $550,399.54. Following the transaction, the chief executive officer now directly owns 4,503 shares of the company’s stock, valued at approximately $1,667,866.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Kathleen R. Mcclure sold 2,070 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $370.32, for a total value of $766,562.40. Following the completion of the transaction, the chief financial officer now directly owns 47,110 shares in the company, valued at $17,445,775.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,490 shares of company stock worth $10,592,664. 0.07% of the stock is owned by company insiders.

Accenture Stock Down 0.3 %

Shares of Accenture stock traded down $0.99 during trading hours on Friday, reaching $308.01. 3,371,848 shares of the stock traded hands, compared to its average volume of 2,670,314. The company has a 50 day moving average price of $349.66 and a 200 day moving average price of $341.94. The firm has a market capitalization of $206.59 billion, a price-to-earnings ratio of 27.92, a P/E/G ratio of 2.93 and a beta of 1.19. Accenture plc has a one year low of $261.68 and a one year high of $387.51.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.11. The business had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $15.85 billion. Accenture had a return on equity of 28.30% and a net margin of 10.89%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.69 EPS. Sell-side analysts anticipate that Accenture plc will post 12.09 earnings per share for the current year.

Accenture Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 11th will be paid a dividend of $1.29 per share. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.68%. Accenture’s dividend payout ratio (DPR) is presently 46.78%.

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.