Headlands Technologies LLC Has $274,000 Position in Accenture plc (NYSE:ACN)

Headlands Technologies LLC lessened its holdings in shares of Accenture plc (NYSE:ACN) by 77.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 780 shares of the information technology services provider’s stock after selling 2,618 shares during the period. Headlands Technologies LLC’s holdings in Accenture were worth $274,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Brave Asset Management Inc. grew its holdings 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 worth $361,000 after acquiring an additional 28 shares during the period. KMG Fiduciary Partners LLC grew 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 period. Carr Financial Group Corp grew 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 period. PDS Planning Inc grew 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 period. Finally, Allworth Financial LP grew its holdings in Accenture by 0.5% during the 4th quarter. Allworth Financial LP now owns 6,062 shares of the information technology services provider’s stock worth $2,127,000 after acquiring an additional 30 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Activity

In other news, CFO Kathleen R. Mcclure sold 851 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $371.77, for a total value of $316,376.27. Following the sale, the chief financial officer now directly owns 50,737 shares of the company’s stock, valued at approximately $18,862,494.49. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Manish Sharma sold 1,486 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $370.39, for a total value of $550,399.54. Following the transaction, the chief executive officer now owns 4,503 shares in the company, valued at approximately $1,667,866.17. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Kathleen R. Mcclure sold 851 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $371.77, for a total transaction of $316,376.27. Following the completion of the transaction, the chief financial officer now owns 50,737 shares in the company, valued at approximately $18,862,494.49. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,490 shares of company stock valued at $10,592,664. 0.07% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ACN. UBS Group boosted their price target on shares of Accenture from $365.00 to $400.00 and gave the company a “neutral” rating in a report on Thursday, January 25th. Mizuho reissued a “buy” rating and issued a $398.00 price target (down previously from $426.00) on shares of Accenture in a report on Friday, March 22nd. BMO Capital Markets decreased their price target on shares of Accenture from $385.00 to $375.00 and set a “market perform” rating for the company in a report on Friday, March 22nd. BNP Paribas raised shares of Accenture from a “neutral” rating to an “outperform” rating and set a $440.00 price target for the company in a report on Wednesday, January 17th. Finally, Susquehanna reissued a “neutral” rating and issued a $360.00 price target (down previously from $400.00) on shares of Accenture in a report on Thursday, March 21st. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Accenture presently has a consensus rating of “Moderate Buy” and a consensus target price of $387.00.

Accenture Price Performance

Shares of NYSE:ACN opened at $308.01 on Friday. The company’s 50-day moving average price is $349.66 and its two-hundred day moving average price is $342.14. Accenture plc has a one year low of $261.68 and a one year high of $387.51. The stock has a market capitalization of $206.59 billion, a PE ratio of 27.92, a price-to-earnings-growth 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, topping the consensus estimate of $2.66 by $0.11. The firm had revenue of $15.80 billion for the quarter, compared to analysts’ expectations of $15.85 billion. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.69 EPS. On average, analysts anticipate that Accenture plc will post 12.09 earnings per share for the current fiscal 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. The ex-dividend date is Wednesday, April 10th. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.68%. Accenture’s payout ratio is 46.78%.

Accenture 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.