Fidelis Capital Partners LLC Buys 1,243 Shares of Accenture plc (NYSE:ACN)

Fidelis Capital Partners LLC boosted its holdings in shares of Accenture plc (NYSE:ACN) by 33.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,001 shares of the information technology services provider’s stock after purchasing an additional 1,243 shares during the period. Fidelis Capital Partners LLC’s holdings in Accenture were worth $1,755,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Chilton Capital Management LLC boosted its position in Accenture by 180.0% during the fourth quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 45 shares during the last quarter. Halpern Financial Inc. purchased a new position in Accenture in the 4th quarter valued at approximately $31,000. Strategic Investment Solutions Inc. IL purchased a new position in Accenture in the 1st quarter valued at approximately $28,000. BluePath Capital Management LLC bought a new position in Accenture in the 3rd quarter valued at $31,000. Finally, RVW Wealth LLC bought a new position in Accenture in the 3rd quarter valued at $33,000. 75.14% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Accenture news, CEO Jean-Marc Ollagnier sold 6,250 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 161,581 shares of the company’s stock, 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, CAO Melissa A. Burgum sold 3,010 shares of Accenture stock in a transaction on Friday, January 26th. The shares were sold at an average price of $371.80, for a total value of $1,119,118.00. Following the transaction, the chief accounting officer now directly owns 9,193 shares of the company’s stock, valued at approximately $3,417,957.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jean-Marc Ollagnier sold 6,250 shares of Accenture stock in a transaction 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 completion of the transaction, the chief executive officer now owns 161,581 shares in the company, valued at $51,045,053.71. The disclosure for this sale can be found here. Insiders sold a total of 41,750 shares of company stock valued at $14,543,436 over the last 90 days. 0.07% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of Accenture from $374.00 to $381.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Morgan Stanley upped their target price on shares of Accenture from $400.00 to $417.00 and gave the stock an “overweight” rating in a research note on Monday, March 18th. Mizuho reiterated a “buy” rating and issued a $398.00 price target (down from $426.00) on shares of Accenture in a research report on Friday, March 22nd. Susquehanna restated a “neutral” rating and set a $360.00 price objective (down from $400.00) on shares of Accenture in a research report on Thursday, March 21st. Finally, Robert W. Baird lifted their price target on shares of Accenture from $364.00 to $375.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $387.00.

Accenture Price Performance

Shares of NYSE:ACN traded up $1.46 during trading hours on Thursday, hitting $316.00. The company’s stock had a trading volume of 2,995,221 shares, compared to its average volume of 2,377,311. The company has a market capitalization of $211.95 billion, a price-to-earnings ratio of 28.53, a P/E/G ratio of 2.98 and a beta of 1.19. Accenture plc has a 52 week low of $261.68 and a 52 week high of $387.51. The firm’s fifty day moving average price is $357.35 and its 200 day moving average price is $341.95.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 EPS for the quarter, beating 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 the consensus estimate of $15.85 billion. During the same period in the prior year, the firm earned $2.69 EPS. The business’s revenue for the quarter was down .1% on a year-over-year basis. On average, equities research analysts predict that Accenture plc will post 12.09 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders 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 1.63%. The ex-dividend date is Wednesday, April 10th. Accenture’s dividend payout ratio (DPR) is presently 46.78%.

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.