Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 5,322 Shares of Accenture PLC $ACN

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its holdings in shares of Accenture PLC (NYSE:ACN) by 3.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 144,248 shares of the information technology services provider’s stock after selling 5,322 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Accenture were worth $38,702,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ACN. Triumph Capital Management bought a new stake in shares of Accenture in the 3rd quarter worth about $26,000. Board of the Pension Protection Fund bought a new stake in shares of Accenture in the 4th quarter worth about $27,000. Laurel Wealth Advisors LLC bought a new stake in shares of Accenture in the 4th quarter worth about $27,000. Private Wealth Management Group LLC lifted its holdings in shares of Accenture by 96.4% in the 4th quarter. Private Wealth Management Group LLC now owns 108 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 53 shares during the last quarter. Finally, Steph & Co. lifted its holdings in shares of Accenture by 107.5% in the 4th quarter. Steph & Co. now owns 110 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 57 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Insider Activity at Accenture

In other news, CEO Atsushi Egawa sold 4,872 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $177.14, for a total value of $863,026.08. Following the completion of the sale, the chief executive officer owned 12,802 shares in the company, valued at approximately $2,267,746.28. The trade was a 27.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.02% of the company’s stock.

Accenture Trading Up 5.0%

Shares of ACN opened at $187.32 on Friday. Accenture PLC has a 1-year low of $155.82 and a 1-year high of $321.77. The company has a 50-day moving average of $185.71 and a 200 day moving average of $226.50. The firm has a market capitalization of $124.65 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 1.78 and a beta of 1.08. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.34 and a quick ratio of 1.34.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Friday, March 20th. The information technology services provider reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.09. Accenture had a net margin of 10.61% and a return on equity of 26.33%. The company had revenue of $18.04 billion during the quarter, compared to analyst estimates of $17.80 billion. During the same quarter last year, the business posted $2.82 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, research analysts expect that Accenture PLC will post 13.87 EPS for the current year.

Accenture Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 9th were issued a $1.63 dividend. The ex-dividend date was Thursday, April 9th. This represents a $6.52 annualized dividend and a dividend yield of 3.5%. Accenture’s payout ratio is currently 53.40%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ACN shares. Morgan Stanley lowered their target price on shares of Accenture from $320.00 to $240.00 and set an “overweight” rating for the company in a report on Monday, March 16th. Piper Sandler set a $282.00 target price on Accenture in a research note on Thursday, March 5th. Royal Bank Of Canada reduced their target price on Accenture from $295.00 to $253.00 and set an “outperform” rating on the stock in a research note on Friday, March 20th. Robert W. Baird reduced their target price on Accenture from $330.00 to $265.00 and set an “outperform” rating on the stock in a research note on Friday, March 20th. Finally, Guggenheim decreased their price objective on shares of Accenture from $275.00 to $250.00 and set a “buy” rating for the company in a report on Friday, March 20th. Seventeen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $274.50.

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.