Town & Country Bank & Trust CO dba First Bankers Trust CO Sells 4,924 Shares of Accenture PLC $ACN

Town & Country Bank & Trust CO dba First Bankers Trust CO lowered its position in Accenture PLC (NYSE:ACN) by 59.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,396 shares of the information technology services provider’s stock after selling 4,924 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Accenture were worth $911,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Board of the Pension Protection Fund bought a new stake in shares of Accenture in the fourth quarter worth $27,000. Investors Research Corp raised its position in Accenture by 73.8% during the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 45 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Accenture by 132.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock worth $26,000 after buying an additional 61 shares during the period. Triumph Capital Management acquired a new stake in shares of Accenture in the third quarter valued at about $26,000. Finally, Davis Capital Management bought a new position in shares of Accenture during the third quarter worth about $28,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ACN. UBS Group restated a “buy” rating on shares of Accenture in a research report on Tuesday, March 17th. Piper Sandler set a $282.00 price target on Accenture in a report on Thursday, March 5th. Rothschild & Co Redburn boosted their price objective on Accenture from $205.00 to $210.00 and gave the company a “neutral” rating in a research note on Monday, January 5th. BMO Capital Markets decreased their target price on Accenture from $300.00 to $230.00 and set a “market perform” rating for the company in a research note on Friday, March 20th. Finally, Wells Fargo & Company boosted their price target on Accenture from $251.00 to $275.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 14th. Eighteen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $274.88.

Accenture Stock Performance

Shares of ACN opened at $201.18 on Friday. The stock has a 50-day moving average of $217.22 and a 200-day moving average of $243.19. Accenture PLC has a one year low of $187.00 and a one year high of $325.71. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market cap of $133.87 billion, a PE ratio of 16.48, a P/E/G ratio of 1.91 and a beta of 1.24.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Friday, March 20th. The information technology services provider reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.09. The firm had revenue of $18.04 billion during the quarter, compared to analysts’ expectations of $17.80 billion. Accenture had a return on equity of 26.33% and a net margin of 10.61%.The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.82 earnings per share. On average, equities research analysts predict that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 9th will be paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Thursday, April 9th. Accenture’s payout ratio is 53.40%.

Insider Activity

In other news, insider Manish Sharma sold 2,731 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $288.13, for a total value of $786,883.03. Following the transaction, the insider owned 7,057 shares in the company, valued at $2,033,333.41. This trade represents a 27.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John F. Walsh sold 3,986 shares of the stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $276.38, for a total value of $1,101,650.68. Following the completion of the sale, the chief executive officer directly owned 27,221 shares of the company’s stock, valued at $7,523,339.98. The trade was a 12.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 22,088 shares of company stock valued at $5,970,434. 0.02% of the stock is currently owned by insiders.

Accenture Company Profile

Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.

The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.