Nichols & Pratt Advisers LLP MA Sells 355 Shares of Accenture plc (NYSE:ACN)

Nichols & Pratt Advisers LLP MA lowered its holdings in shares of Accenture plc (NYSE:ACN) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,277 shares of the information technology services provider’s stock after selling 355 shares during the period. Accenture makes up 2.0% of Nichols & Pratt Advisers LLP MA’s investment portfolio, making the stock its 19th largest holding. Nichols & Pratt Advisers LLP MA’s holdings in Accenture were worth $27,819,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brave Asset Management Inc. lifted its position in Accenture by 2.8% during the fourth 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 during the period. Addison Advisors LLC lifted its position in Accenture by 0.9% during the fourth quarter. Addison Advisors LLC now owns 3,181 shares of the information technology services provider’s stock valued at $1,116,000 after purchasing an additional 28 shares during the period. Searle & CO. increased its holdings in Accenture by 3.6% during the fourth quarter. Searle & CO. now owns 803 shares of the information technology services provider’s stock valued at $282,000 after buying an additional 28 shares during the last quarter. KMG Fiduciary Partners LLC increased its holdings in Accenture by 4.0% during the fourth quarter. KMG Fiduciary Partners LLC now owns 760 shares of the information technology services provider’s stock valued at $267,000 after buying an additional 29 shares during the last quarter. Finally, Carr Financial Group Corp increased its holdings in Accenture by 2.4% during the fourth quarter. Carr Financial Group Corp now owns 1,245 shares of the information technology services provider’s stock valued at $437,000 after buying an additional 29 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on ACN. Bank of America upped their target price on shares of Accenture from $379.00 to $419.00 and gave the company a “buy” rating in a report on Thursday, March 7th. BMO Capital Markets reduced their price objective on shares of Accenture from $385.00 to $375.00 and set a “market perform” rating for the company in a research note on Friday, March 22nd. Piper Sandler raised their target price on shares of Accenture from $335.00 to $394.00 and gave the company a “neutral” rating in a research note on Monday, March 18th. TD Cowen reduced their target price on Accenture from $363.00 to $350.00 and set a “market perform” rating on the stock in a report on Friday, March 22nd. Finally, StockNews.com lowered shares of Accenture from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Accenture presently has an average rating of “Moderate Buy” and a consensus price target of $387.00.

Insider Activity

In other news, insider Ellyn Shook sold 5,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the transaction, the insider now owns 13,699 shares in the company, valued at $4,208,606.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Jean-Marc Ollagnier sold 6,250 shares of the business’s 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 directly owns 161,581 shares in the company, valued at $51,045,053.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ellyn Shook sold 5,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the completion of the transaction, the insider now 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. Insiders have sold a total of 28,083 shares of company stock worth $8,959,325 over the last 90 days. 0.07% of the stock is currently owned by corporate insiders.

Accenture Stock Up 0.1 %

ACN stock traded up $0.29 during trading on Friday, hitting $306.90. 713,293 shares of the company’s stock traded hands, compared to its average volume of 2,487,076. Accenture plc has a 1 year low of $268.18 and a 1 year high of $387.51. The business has a fifty day simple moving average of $337.50 and a two-hundred day simple moving average of $341.89. The firm has a market capitalization of $205.85 billion, a P/E ratio of 27.89, a PEG ratio of 2.88 and a beta of 1.21.

Accenture (NYSE:ACN) last announced its earnings results 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. The business had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $15.85 billion. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The firm’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the company posted $2.69 earnings per share. On average, equities research analysts predict that Accenture plc will post 12.09 EPS for the current fiscal year.

Accenture Announces Dividend

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

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.