Little House Capital LLC Buys 156 Shares of Accenture plc (NYSE:ACN)

Little House Capital LLC boosted its position in Accenture plc (NYSE:ACN) by 1.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,575 shares of the information technology services provider’s stock after purchasing an additional 156 shares during the period. Accenture comprises approximately 1.1% of Little House Capital LLC’s portfolio, making the stock its 28th biggest holding. Little House Capital LLC’s holdings in Accenture were worth $3,319,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. BKM Wealth Management LLC boosted its holdings in Accenture by 16.9% in the 1st quarter. BKM Wealth Management LLC now owns 5,690 shares of the information technology services provider’s stock worth $1,972,000 after buying an additional 822 shares during the period. Diversified Trust Co lifted its position in shares of Accenture by 17.3% during the first quarter. Diversified Trust Co now owns 10,150 shares of the information technology services provider’s stock worth $3,518,000 after acquiring an additional 1,500 shares in the last quarter. LVW Advisors LLC grew its position in shares of Accenture by 8.4% in the first quarter. LVW Advisors LLC now owns 1,137 shares of the information technology services provider’s stock valued at $394,000 after purchasing an additional 88 shares in the last quarter. Optas LLC raised its stake in shares of Accenture by 9.8% during the 1st quarter. Optas LLC now owns 1,192 shares of the information technology services provider’s stock valued at $413,000 after purchasing an additional 106 shares during the period. Finally, Fiduciary Alliance LLC lifted its holdings in Accenture by 3.9% during the 1st quarter. Fiduciary Alliance LLC now owns 1,200 shares of the information technology services provider’s stock worth $407,000 after purchasing an additional 45 shares in the last quarter. 75.14% of the stock is owned by institutional investors.

Insider Activity at Accenture

In related news, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction dated 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 directly owns 13,699 shares in the company, valued at approximately $4,208,606.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Ellyn Shook sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $307.22, for a total value of $1,536,100.00. Following the sale, the insider now owns 13,699 shares in the company, valued at $4,208,606.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jean-Marc Ollagnier sold 6,250 shares of the business’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $315.91, for a total transaction of $1,974,437.50. Following the sale, the chief executive officer now owns 161,581 shares of the company’s stock, valued at $51,045,053.71. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,083 shares of company stock valued at $6,302,285. 0.07% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on ACN. Redburn Atlantic upped 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. Jefferies Financial Group lowered their price target on Accenture from $340.00 to $275.00 and set a “hold” rating on the stock in a report on Wednesday, June 5th. BMO Capital Markets cut their price objective on Accenture from $375.00 to $350.00 and set a “market perform” rating for the company in a report on Friday, June 21st. Guggenheim reaffirmed a “buy” rating and issued a $395.00 target price on shares of Accenture in a research note on Friday, May 24th. Finally, Robert W. Baird cut their price target on shares of Accenture from $372.00 to $345.00 and set a “neutral” rating for the company in a research note on Thursday, May 16th. Twelve research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $352.74.

Accenture Stock Down 0.7 %

Shares of NYSE:ACN traded down $2.12 during midday trading on Monday, reaching $301.29. The company’s stock had a trading volume of 1,337,492 shares, compared to its average volume of 2,906,158. Accenture plc has a 12-month low of $278.69 and a 12-month high of $387.51. The firm has a market capitalization of $188.82 billion, a P/E ratio of 27.51, a PEG ratio of 3.38 and a beta of 1.23. The firm has a 50 day moving average of $300.17 and a 200-day moving average of $336.05.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, June 20th. The information technology services provider reported $3.13 earnings per share for the quarter, missing the consensus estimate of $3.15 by ($0.02). The company had revenue of $16.47 billion during the quarter, compared to analysts’ expectations of $16.55 billion. Accenture had a return on equity of 27.48% and a net margin of 10.79%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.19 EPS. On average, research analysts predict that Accenture plc will post 11.95 EPS for the current year.

Accenture Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 11th will be issued a $1.29 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $5.16 dividend on an annualized basis and a yield of 1.71%. Accenture’s payout ratio is currently 47.25%.

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.