G&S Capital LLC Has $732,000 Stake in Accenture plc (NYSE:ACN)

G&S Capital LLC increased its stake in shares of Accenture plc (NYSE:ACN) by 64.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 2,111 shares of the information technology services provider’s stock after acquiring an additional 831 shares during the period. G&S Capital LLC’s holdings in Accenture were worth $732,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Chilton Capital Management LLC boosted its stake in Accenture by 180.0% during the 4th quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 45 shares during the period. DiNuzzo Private Wealth Inc. bought a new stake in Accenture during the 4th quarter valued at approximately $27,000. Ables Iannone Moore & Associates Inc. bought a new stake in Accenture during the 4th quarter valued at approximately $29,000. Atwood & Palmer Inc. boosted its stake in Accenture by 214.8% during the 1st quarter. Atwood & Palmer Inc. now owns 85 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 58 shares during the period. Finally, Halpern Financial Inc. bought a new stake in Accenture during the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Activity

In other news, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $307.22, for a total value of $1,536,100.00. Following the completion of the sale, the insider now directly owns 13,699 shares of the company’s stock, valued at approximately $4,208,606.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Ellyn Shook sold 5,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was 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 in the company, valued at approximately $4,208,606.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kathleen R. Mcclure sold 4,500 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $316.00, for a total value of $1,422,000.00. Following the completion of the transaction, the chief financial officer now owns 42,781 shares in the company, valued at $13,518,796. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,083 shares of company stock valued at $6,302,285. Company insiders own 0.07% of the company’s stock.

Accenture Price Performance

ACN stock opened at $304.60 on Thursday. The business has a fifty day moving average price of $300.89 and a 200 day moving average price of $336.88. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week high of $387.51. The stock has a market capitalization of $204.31 billion, a price-to-earnings ratio of 27.89, a P/E/G ratio of 3.43 and a beta of 1.21.

Accenture (NYSE:ACN) last released its earnings results on Thursday, June 20th. The information technology services provider reported $3.13 EPS for the quarter, missing the consensus estimate of $3.15 by ($0.02). The firm had revenue of $16.47 billion during the quarter, compared to analyst estimates of $16.55 billion. Accenture had a net margin of 10.79% and a return on equity of 27.48%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the business posted $3.19 earnings per share. On average, equities analysts expect that Accenture plc will post 11.95 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, July 11th will be paid a $1.29 dividend. The ex-dividend date is Thursday, July 11th. This represents a $5.16 annualized dividend and a dividend yield of 1.69%. Accenture’s dividend payout ratio (DPR) is currently 47.25%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ACN. Bank of America decreased their target price on Accenture from $419.00 to $365.00 and set a “buy” rating for the company in a research note on Wednesday, June 5th. Wedbush decreased their target price on Accenture from $400.00 to $350.00 and set an “outperform” rating for the company in a research note on Wednesday, June 12th. Morgan Stanley downgraded Accenture from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $382.00 to $300.00 in a research report on Wednesday. Guggenheim reiterated a “buy” rating and issued a $395.00 price objective on shares of Accenture in a research report on Friday, May 24th. Finally, Royal Bank of Canada raised their price objective on Accenture from $374.00 to $381.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Twelve research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $352.74.

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.