Accenture plc (NYSE:ACN) Shares Sold by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lessened its holdings in shares of Accenture plc (NYSE:ACN) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,918 shares of the information technology services provider’s stock after selling 114 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Accenture were worth $8,042,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ACN. Sunesis Advisors LLC bought a new position in Accenture during the 4th quarter worth approximately $227,000. Symphony Financial Ltd. Co. bought a new position in Accenture during the 4th quarter worth approximately $2,356,000. Chilton Capital Management LLC lifted its holdings in Accenture by 180.0% during the 4th quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock worth $25,000 after buying an additional 45 shares during the last quarter. Precedent Wealth Partners LLC bought a new position in Accenture during the 4th quarter worth approximately $1,113,000. Finally, Global Retirement Partners LLC lifted its holdings in Accenture by 18.9% during the 4th quarter. Global Retirement Partners LLC now owns 5,349 shares of the information technology services provider’s stock worth $1,896,000 after buying an additional 850 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Transactions at Accenture

In other news, CEO Jean-Marc Ollagnier sold 6,250 shares of the business’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $362.77, for a total transaction of $2,267,312.50. Following the sale, the chief executive officer now directly owns 167,831 shares of the company’s stock, valued at $60,884,051.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Melissa A. Burgum sold 3,010 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $371.80, for a total transaction of $1,119,118.00. Following the sale, the chief accounting officer now directly owns 9,193 shares of the company’s stock, valued at $3,417,957.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jean-Marc Ollagnier sold 6,250 shares of Accenture stock in a transaction on Friday, January 19th. The shares were sold at an average price of $362.77, for a total value of $2,267,312.50. Following the transaction, the chief executive officer now owns 167,831 shares in the company, valued at approximately $60,884,051.87. The disclosure for this sale can be found here. Insiders have sold 31,000 shares of company stock valued at $11,146,998 over the last three months. Company insiders own 0.07% of the company’s stock.

Accenture Price Performance

Shares of ACN traded up $5.67 during midday trading on Friday, reaching $346.61. The stock had a trading volume of 3,614,949 shares, compared to its average volume of 2,935,126. Accenture plc has a 52 week low of $261.68 and a 52 week high of $387.51. The firm’s 50 day moving average price is $368.86 and its 200-day moving average price is $340.42. The company has a market capitalization of $217.43 billion, a P/E ratio of 31.42, a P/E/G ratio of 3.23 and a beta of 1.20.

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 analysts’ consensus estimates of $2.66 by $0.11. Accenture had a return on equity of 28.30% and a net margin of 10.89%. The company had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $15.85 billion. During the same quarter in the previous year, the business earned $2.69 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. On average, equities analysts forecast that Accenture plc will post 12.1 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th will be given a dividend of $1.29 per share. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Wednesday, April 10th. Accenture’s dividend payout ratio (DPR) is presently 46.78%.

Analyst Ratings Changes

A number of research firms have commented on ACN. BMO Capital Markets reduced their target price on Accenture from $385.00 to $375.00 and set a “market perform” rating on the stock in a report on Friday, March 22nd. Bank of America raised their price target on Accenture from $379.00 to $419.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Morgan Stanley raised their price target on Accenture from $400.00 to $417.00 and gave the stock an “overweight” rating in a report on Monday, March 18th. Susquehanna reissued a “neutral” rating and issued a $360.00 price target (down previously from $400.00) on shares of Accenture in a report on Thursday, March 21st. Finally, Redburn Atlantic raised their price target on Accenture from $410.00 to $445.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $387.00.

About Accenture

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.