Private Management Group Inc. Sells 60 Shares of Accenture plc (NYSE:ACN)

Private Management Group Inc. trimmed its position in Accenture plc (NYSE:ACN) by 5.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 957 shares of the information technology services provider’s stock after selling 60 shares during the period. Private Management Group Inc.’s holdings in Accenture were worth $336,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Chilton Capital Management LLC boosted its holdings in Accenture by 180.0% in the 4th quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 45 shares during the period. Halpern Financial Inc. purchased a new stake in shares of Accenture during the 4th quarter valued at $31,000. BluePath Capital Management LLC purchased a new stake in shares of Accenture during the 3rd quarter valued at $31,000. Valued Wealth Advisors LLC purchased a new stake in shares of Accenture during the 4th quarter valued at $50,000. Finally, Valley National Advisers Inc. raised its position in shares of Accenture by 40.3% during the 3rd quarter. Valley National Advisers Inc. now owns 167 shares of the information technology services provider’s stock valued at $51,000 after buying an additional 48 shares in the last quarter. 75.14% of the stock is owned by institutional investors.

Insider Transactions at Accenture

In other news, CEO Jean-Marc Ollagnier sold 6,250 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $315.91, for a total value of $1,974,437.50. Following the transaction, the chief executive officer now owns 161,581 shares in the company, valued at $51,045,053.71. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Ellyn Shook sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $371.81, for a total transaction of $1,859,050.00. Following the completion of the transaction, the insider now directly owns 20,316 shares of the company’s stock, valued at $7,553,691.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jean-Marc Ollagnier sold 6,250 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $315.91, for a total transaction of $1,974,437.50. Following the transaction, the chief executive officer now directly owns 161,581 shares of the company’s stock, valued at $51,045,053.71. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,833 shares of company stock worth $13,645,871. Corporate insiders own 0.07% of the company’s stock.

Wall Street Analysts Forecast Growth

ACN has been the topic of several research reports. Guggenheim initiated coverage on shares of Accenture in a research report on Tuesday, March 19th. They set a “buy” rating and a $425.00 price objective on the stock. Bank of America lifted their target price on shares of Accenture from $379.00 to $419.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. UBS Group lifted their target price on shares of Accenture from $365.00 to $400.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. Stifel Nicolaus lifted their target price on shares of Accenture from $363.00 to $395.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Finally, BMO Capital Markets decreased their target price on shares of Accenture from $385.00 to $375.00 and set a “market perform” rating on the stock in a research report on Friday, March 22nd. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $387.00.

Accenture Price Performance

NYSE:ACN traded down $3.29 during mid-day trading on Wednesday, hitting $313.54. 4,125,459 shares of the company’s stock were exchanged, compared to its average volume of 2,390,122. Accenture plc has a one year low of $261.68 and a one year high of $387.51. The business has a fifty day moving average price of $353.29 and a 200 day moving average price of $342.40. The company has a market cap of $210.30 billion, a PE ratio of 28.34, a P/E/G ratio of 3.01 and a beta of 1.19.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 EPS for the quarter, topping the consensus estimate of $2.66 by $0.11. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The business had revenue of $15.80 billion for the quarter, compared to analyst estimates of $15.85 billion. During the same quarter in the previous year, the firm posted $2.69 earnings per share. Accenture’s quarterly revenue was down .1% on a year-over-year basis. On average, equities analysts forecast that Accenture plc will post 12.09 EPS for the current fiscal year.

Accenture Dividend Announcement

The firm 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. This represents a $5.16 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Wednesday, April 10th. Accenture’s payout ratio is currently 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.