Impact Capital Partners LLC Sells 433 Shares of Accenture plc (NYSE:ACN)

Impact Capital Partners LLC lessened its stake in shares of Accenture plc (NYSE:ACN) by 9.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,998 shares of the information technology services provider’s stock after selling 433 shares during the quarter. Impact Capital Partners LLC’s holdings in Accenture were worth $1,248,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. FPC Investment Advisory Inc. raised its position in Accenture by 62.2% in the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock valued at $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 4th quarter valued at $30,000. Mpwm Advisory Solutions LLC bought a new position in Accenture in the 4th quarter valued at $30,000. POM Investment Strategies LLC raised its position in Accenture by 64.2% in the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 34 shares during the last quarter. Finally, Park Square Financial Group LLC bought a new position in Accenture in the 4th quarter valued at $31,000. Institutional investors own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

ACN has been the subject of several research analyst reports. Stifel Nicolaus cut their price objective on Accenture from $390.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. BMO Capital Markets lifted their target price on Accenture to $355.00 and gave the company a “hold” rating in a research note on Wednesday, March 26th. UBS Group reissued a “buy” rating and issued a $395.00 target price (up from $390.00) on shares of Accenture in a research note on Thursday, May 22nd. Guggenheim lowered their target price on Accenture from $400.00 to $395.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Finally, Robert W. Baird raised Accenture from a “neutral” rating to an “outperform” rating and set a $390.00 target price for the company in a research note on Monday, March 17th. Seven research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $382.14.

Insiders Place Their Bets

In other news, CEO Julie Spellman Sweet sold 2,284 shares of the business’s stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $281.63, for a total value of $643,242.92. Following the sale, the chief executive officer now directly owns 9,965 shares in the company, valued at $2,806,442.95. The trade was a 18.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO John F. Walsh sold 2,500 shares of the business’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $325.00, for a total value of $812,500.00. Following the completion of the sale, the chief operating officer now owns 15,882 shares in the company, valued at approximately $5,161,650. This trade represents a 13.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,516 shares of company stock worth $2,507,366. Corporate insiders own 0.02% of the company’s stock.

Accenture Stock Up 0.7%

Shares of Accenture stock opened at $317.49 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. Accenture plc has a 12 month low of $275.01 and a 12 month high of $398.35. The business has a fifty day simple moving average of $303.15 and a 200 day simple moving average of $337.25. The stock has a market cap of $198.85 billion, a PE ratio of 26.64, a price-to-earnings-growth ratio of 3.23 and a beta of 1.33.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.01. The business had revenue of $16.70 billion during the quarter, compared to analysts’ expectations of $16.64 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.77 earnings per share. Research analysts predict that Accenture plc will post 12.73 EPS for the current year.

Accenture Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th were issued a dividend of $1.48 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $5.92 annualized dividend and a yield of 1.86%. Accenture’s dividend payout ratio is presently 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.