Guyasuta Investment Advisors Inc. Has $16.11 Million Stake in Accenture plc (NYSE:ACN)

Guyasuta Investment Advisors Inc. lessened its stake in Accenture plc (NYSE:ACN) by 0.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,910 shares of the information technology services provider’s stock after selling 185 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in Accenture were worth $16,110,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ACN. Chilton Capital Management LLC boosted its holdings 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 worth $25,000 after acquiring an additional 45 shares during the last quarter. DiNuzzo Private Wealth Inc. purchased a new stake in Accenture in the 4th quarter valued at about $27,000. Ables Iannone Moore & Associates Inc. bought a new position in shares of Accenture during the 4th quarter worth approximately $29,000. Atwood & Palmer Inc. boosted its stake in shares of Accenture by 214.8% in the 1st quarter. Atwood & Palmer Inc. now owns 85 shares of the information technology services provider’s stock worth $29,000 after buying an additional 58 shares during the last quarter. Finally, Halpern Financial Inc. purchased a new stake in shares of Accenture during the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Transactions at Accenture

In related news, insider Ellyn Shook sold 5,000 shares of the business’s stock in a transaction that occurred 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 owns 13,699 shares in the company, valued at $4,208,606.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, General Counsel Joel Unruch sold 4,333 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $316.12, for a total transaction of $1,369,747.96. Following the completion of the transaction, the general counsel now owns 30,702 shares in the company, valued at approximately $9,705,516.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ellyn Shook sold 5,000 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the completion of 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. Over the last three months, insiders have sold 20,083 shares of company stock valued at $6,302,285. 0.07% of the stock is currently owned by company insiders.

Accenture Price Performance

Shares of ACN traded up $0.39 during mid-day trading on Friday, reaching $303.58. 14,905,537 shares of the company’s stock traded hands, compared to its average volume of 2,918,133. The stock’s 50-day moving average is $300.17 and its two-hundred day moving average is $336.15. Accenture plc has a 12 month low of $278.69 and a 12 month high of $387.51. The stock has a market cap of $203.62 billion, a P/E ratio of 27.80, a P/E/G ratio of 3.40 and a beta of 1.21.

Accenture (NYSE:ACN) last announced its quarterly earnings data 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 business had revenue of $16.47 billion during the quarter, compared to the consensus estimate of $16.55 billion. Accenture had a net margin of 10.79% and a return on equity of 27.48%. The business’s revenue was down .6% compared to the same quarter last year. During the same period last year, the company earned $3.19 EPS. Research analysts predict that Accenture plc will post 11.95 earnings per share for the current year.

Accenture Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 11th will be given a $1.29 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $5.16 annualized dividend and a yield of 1.70%. Accenture’s dividend payout ratio (DPR) is 47.25%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ACN. Stifel Nicolaus cut their price objective on Accenture from $395.00 to $340.00 and set a “buy” rating on the stock in a research report on Wednesday, June 12th. Robert W. Baird decreased their price objective on shares of Accenture from $372.00 to $345.00 and set a “neutral” rating for the company in a report on Thursday, May 16th. Piper Sandler Companies dropped their target price on shares of Accenture from $379.00 to $320.00 and set a “neutral” rating on the stock in a research note on Monday, June 17th. Redburn Atlantic lifted their price target on shares of Accenture from $410.00 to $445.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Finally, Wedbush reduced their price objective on Accenture from $400.00 to $350.00 and set an “outperform” rating for the company in a report on Wednesday, June 12th. Twelve analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $352.74.

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.