Little House Capital LLC Acquires 1,221 Shares of Accenture plc (NYSE:ACN)

Little House Capital LLC lifted its position in shares of Accenture plc (NYSE:ACN) by 14.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,419 shares of the information technology services provider’s stock after buying an additional 1,221 shares during the quarter. Accenture makes up 1.2% of Little House Capital LLC’s holdings, making the stock its 25th largest holding. Little House Capital LLC’s holdings in Accenture were worth $3,305,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ACN. Wellington Management Group LLP grew its position in shares of Accenture by 7.0% during the 3rd quarter. Wellington Management Group LLP now owns 11,034,666 shares of the information technology services provider’s stock worth $3,388,856,000 after buying an additional 720,647 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Accenture by 34.7% during the third quarter. Envestnet Asset Management Inc. now owns 2,374,492 shares of the information technology services provider’s stock valued at $729,230,000 after purchasing an additional 611,376 shares in the last quarter. Alphinity Investment Management Pty Ltd boosted its position in Accenture by 71.4% during the fourth quarter. Alphinity Investment Management Pty Ltd now owns 1,388,701 shares of the information technology services provider’s stock valued at $487,309,000 after purchasing an additional 578,610 shares in the last quarter. International Assets Investment Management LLC boosted its position in Accenture by 33,484.1% during the fourth quarter. International Assets Investment Management LLC now owns 567,572 shares of the information technology services provider’s stock valued at $199,167,000 after purchasing an additional 565,882 shares in the last quarter. Finally, FMR LLC boosted its position in Accenture by 4.4% during the third quarter. FMR LLC now owns 13,316,028 shares of the information technology services provider’s stock valued at $4,089,485,000 after purchasing an additional 565,505 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Insider Activity at Accenture

In related news, COO John F. Walsh sold 8,000 shares of the business’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $332.13, for a total value of $2,657,040.00. Following the sale, the chief operating officer now owns 17,877 shares in the company, valued at approximately $5,937,488.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, COO John F. Walsh sold 8,000 shares of the business’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $332.13, for a total transaction of $2,657,040.00. Following the completion of the transaction, the chief operating officer now directly owns 17,877 shares of the company’s stock, valued at approximately $5,937,488.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ellyn Shook sold 5,000 shares of the business’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 of the company’s stock, valued at $4,208,606.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,490 shares of company stock worth $10,592,664. 0.07% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ACN has been the topic of a number of recent research reports. Mizuho reaffirmed a “buy” rating and set a $398.00 price objective (down previously from $426.00) on shares of Accenture in a research report on Friday, March 22nd. Stifel Nicolaus increased their price target on Accenture from $363.00 to $395.00 and gave the company a “buy” rating in a research note on Monday, March 18th. UBS Group increased their price target on Accenture from $365.00 to $400.00 and gave the company a “neutral” rating in a research note on Thursday, January 25th. Morgan Stanley increased their price target on Accenture from $400.00 to $417.00 and gave the company an “overweight” rating in a research note on Monday, March 18th. Finally, Susquehanna restated a “neutral” rating and issued a $360.00 price objective (down from $400.00) on shares of Accenture in a research note on Thursday, March 21st. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $387.00.

Accenture Price Performance

Accenture stock traded down $0.99 during trading on Friday, reaching $308.01. 3,371,848 shares of the company were exchanged, compared to its average volume of 2,670,314. Accenture plc has a 52-week low of $261.68 and a 52-week high of $387.51. The company has a market capitalization of $206.59 billion, a P/E ratio of 27.92, a PEG ratio of 2.92 and a beta of 1.19. The stock’s 50 day simple moving average is $349.66 and its two-hundred day simple moving average is $342.14.

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

Accenture Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors 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 annualized dividend and a dividend yield of 1.68%. Accenture’s dividend payout ratio is presently 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.