Barclays PLC Sells 283,468 Shares of Accenture PLC $ACN

Barclays PLC trimmed its position in shares of Accenture PLC (NYSE:ACN) by 17.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,384,267 shares of the information technology services provider’s stock after selling 283,468 shares during the quarter. Barclays PLC’s holdings in Accenture were worth $371,399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Jaffetilchin Investment Partners LLC raised its holdings in Accenture by 4.2% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 878 shares of the information technology services provider’s stock worth $236,000 after purchasing an additional 35 shares during the period. Clayton Financial Group LLC raised its holdings in Accenture by 13.1% in the 4th quarter. Clayton Financial Group LLC now owns 329 shares of the information technology services provider’s stock worth $88,000 after purchasing an additional 38 shares during the period. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. raised its holdings in Accenture by 0.9% in the 3rd quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 4,416 shares of the information technology services provider’s stock worth $1,089,000 after purchasing an additional 41 shares during the period. Peak Asset Management LLC raised its holdings in Accenture by 0.8% in the 4th quarter. Peak Asset Management LLC now owns 5,447 shares of the information technology services provider’s stock worth $1,461,000 after purchasing an additional 43 shares during the period. Finally, SkyView Investment Advisors LLC raised its holdings in Accenture by 1.2% in the 2nd quarter. SkyView Investment Advisors LLC now owns 3,751 shares of the information technology services provider’s stock worth $1,108,000 after purchasing an additional 43 shares during the period. 75.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Stifel Nicolaus decreased their target price on Accenture from $315.00 to $270.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. The Goldman Sachs Group decreased their target price on Accenture from $300.00 to $270.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Piper Sandler set a $282.00 target price on Accenture in a report on Thursday, March 5th. Oppenheimer set a $201.00 price target on Accenture in a research note on Monday, June 8th. Finally, UBS Group reiterated a “buy” rating on shares of Accenture in a research note on Tuesday, March 17th. Seventeen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, Accenture has a consensus rating of “Moderate Buy” and an average price target of $257.56.

Accenture Trading Down 0.2%

Shares of ACN stock opened at $169.95 on Monday. Accenture PLC has a 52-week low of $155.82 and a 52-week high of $317.30. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a market capitalization of $113.09 billion, a PE ratio of 13.92, a PEG ratio of 1.62 and a beta of 1.09. The stock has a fifty day simple moving average of $181.79 and a two-hundred day simple moving average of $221.68.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Friday, March 20th. The information technology services provider reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.09. Accenture had a return on equity of 26.33% and a net margin of 10.61%.The business had revenue of $18.04 billion during the quarter, compared to analyst estimates of $17.80 billion. During the same quarter in the prior year, the business posted $2.82 EPS. Accenture’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, analysts predict that Accenture PLC will post 13.84 EPS for the current fiscal year.

Accenture Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 9th were given a dividend of $1.63 per share. The ex-dividend date was Thursday, April 9th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 3.8%. Accenture’s dividend payout ratio (DPR) is presently 53.40%.

Insider Buying and Selling at Accenture

In other news, CEO Atsushi Egawa sold 4,872 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $177.14, for a total transaction of $863,026.08. Following the completion of the transaction, the chief executive officer owned 12,802 shares in the company, valued at $2,267,746.28. This trade represents a 27.57% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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.