KLR Investment Advisors LLC Has $599,000 Holdings in Accenture plc (NYSE:ACN)

KLR Investment Advisors LLC trimmed its holdings in Accenture plc (NYSE:ACN) by 7.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,879 shares of the information technology services provider’s stock after selling 152 shares during the period. KLR Investment Advisors LLC’s holdings in Accenture were worth $599,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Chilton Capital Management LLC increased its position in shares of Accenture by 180.0% during the fourth quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 45 shares in the last quarter. DiNuzzo Private Wealth Inc. bought a new position in shares of Accenture during the 4th quarter valued at approximately $27,000. Ables Iannone Moore & Associates Inc. bought a new position in shares of Accenture during the 4th quarter valued at approximately $29,000. Atwood & Palmer Inc. grew its position in shares of 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 acquiring an additional 58 shares during the period. Finally, BluePath Capital Management LLC bought a new position in shares of Accenture during the 3rd quarter valued at approximately $31,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ACN has been the subject of a number of research reports. Redburn Atlantic increased their target price on shares of Accenture from $410.00 to $445.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Bank of America upped their price target on shares of Accenture from $379.00 to $419.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. TD Cowen dropped their price target on shares of Accenture from $363.00 to $350.00 and set a “market perform” rating on the stock in a research note on Friday, March 22nd. UBS Group upped their price target on shares of Accenture from $365.00 to $400.00 and gave the company a “neutral” rating in a research note on Thursday, January 25th. Finally, StockNews.com cut shares of Accenture from a “buy” rating to a “hold” rating in a research note on Saturday. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Accenture currently has a consensus rating of “Moderate Buy” and a consensus price target of $387.00.

Insider Buying and Selling at Accenture

In other Accenture 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 transaction, the chief financial officer now owns 50,737 shares of the company’s stock, valued at $18,862,494.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Manish Sharma sold 1,486 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $370.39, for a total transaction of $550,399.54. Following the sale, the chief executive officer now owns 4,503 shares of the company’s stock, valued at $1,667,866.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kathleen R. Mcclure sold 851 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $371.77, for a total transaction of $316,376.27. Following the sale, the chief financial officer now owns 50,737 shares in the company, valued at $18,862,494.49. The disclosure for this sale can be found here. Insiders have sold 32,490 shares of company stock valued at $10,592,664 over the last 90 days. 0.07% of the stock is owned by insiders.

Accenture Price Performance

NYSE ACN traded down $0.99 on Friday, hitting $308.01. The company had a trading volume of 3,371,848 shares, compared to its average volume of 2,670,314. The company has a market capitalization of $206.59 billion, a PE ratio of 27.92, a PEG ratio of 2.92 and a beta of 1.19. The company’s fifty day moving average price is $349.66 and its 200-day moving average price is $342.35. Accenture plc has a 12-month low of $261.68 and a 12-month high of $387.51.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.11. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The firm had revenue of $15.80 billion for the quarter, compared to analysts’ expectations of $15.85 billion. During the same quarter in the previous year, the company posted $2.69 EPS. The company’s revenue was down .1% compared to the same quarter last year. On average, sell-side analysts anticipate that Accenture plc will post 12.09 EPS for the current year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th will be given a $1.29 dividend. The ex-dividend date is Wednesday, April 10th. This represents a $5.16 dividend on an annualized basis and a yield of 1.68%. Accenture’s payout ratio 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.