Little House Capital LLC Has $3.31 Million Stake in Accenture plc (NYSE:ACN)

Little House Capital LLC raised its position in Accenture plc (NYSE:ACN) by 14.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,419 shares of the information technology services provider’s stock after acquiring an additional 1,221 shares during the quarter. Accenture makes up about 1.2% of Little House Capital LLC’s investment portfolio, making the stock its 25th largest holding. Little House Capital LLC’s holdings in Accenture were worth $3,305,000 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 the company. Brave Asset Management Inc. increased its stake in Accenture by 2.8% during the 4th quarter. Brave Asset Management Inc. now owns 1,028 shares of the information technology services provider’s stock valued at $361,000 after purchasing an additional 28 shares in the last quarter. Addison Advisors LLC boosted its holdings in Accenture by 0.9% during the 4th quarter. Addison Advisors LLC now owns 3,181 shares of the information technology services provider’s stock worth $1,116,000 after acquiring an additional 28 shares during the last quarter. KMG Fiduciary Partners LLC boosted its holdings in Accenture by 4.0% during the 4th quarter. KMG Fiduciary Partners LLC now owns 760 shares of the information technology services provider’s stock worth $267,000 after acquiring an additional 29 shares during the last quarter. Carr Financial Group Corp boosted its holdings in Accenture by 2.4% during the 4th quarter. Carr Financial Group Corp now owns 1,245 shares of the information technology services provider’s stock worth $437,000 after acquiring an additional 29 shares during the last quarter. Finally, PDS Planning Inc boosted its holdings in Accenture by 1.2% during the 4th quarter. PDS Planning Inc now owns 2,372 shares of the information technology services provider’s stock worth $832,000 after acquiring an additional 29 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Price Performance

NYSE ACN traded down $0.99 on Friday, reaching $308.01. 3,371,848 shares of the company’s stock traded hands, compared to its average volume of 2,670,314. Accenture plc has a 12 month low of $261.68 and a 12 month high of $387.51. The stock has a 50-day simple moving average of $349.66 and a 200 day simple moving average of $342.14. The stock has a market cap of $206.59 billion, a PE ratio of 27.92, a P/E/G ratio of 2.92 and a beta of 1.19.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, March 21st. The information technology services provider reported $2.77 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $15.85 billion. During the same period last year, the business earned $2.69 earnings per share. The business’s quarterly revenue was down .1% on a year-over-year basis. As a group, analysts anticipate that Accenture plc will post 12.09 EPS for the current year.

Accenture Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th will be issued a $1.29 dividend. This represents a $5.16 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Wednesday, April 10th. Accenture’s dividend payout ratio is 46.78%.

Analyst Ratings Changes

ACN has been the topic of a number of research analyst reports. Bank of America boosted their price target on shares of Accenture from $379.00 to $419.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Guggenheim initiated coverage on shares of Accenture in a report on Tuesday, March 19th. They issued a “buy” rating and a $425.00 price target on the stock. Morgan Stanley boosted their price target on shares of Accenture from $400.00 to $417.00 and gave the stock an “overweight” rating in a report on Monday, March 18th. Royal Bank of Canada boosted their price target on shares of Accenture from $374.00 to $381.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Finally, Piper Sandler upped their price objective on shares of Accenture from $335.00 to $394.00 and gave the company a “neutral” rating in a report on Monday, March 18th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Accenture has an average rating of “Moderate Buy” and a consensus price target of $387.00.

Insider Transactions at Accenture

In related news, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $307.22, for a total value of $1,536,100.00. Following the sale, the insider now owns 13,699 shares in the company, valued at $4,208,606.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Accenture news, CEO Jean-Marc Ollagnier sold 6,250 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was 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 Securities & Exchange Commission, which is accessible through this link. Also, insider Ellyn Shook sold 5,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $307.22, for a total value of $1,536,100.00. Following the transaction, the insider now directly owns 13,699 shares of the company’s stock, valued at approximately $4,208,606.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,490 shares of company stock worth $10,592,664. Insiders own 0.07% of the company’s stock.

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.