D L Carlson Investment Group Inc. Has $843,000 Stock Holdings in Accenture plc (NYSE:ACN)

D L Carlson Investment Group Inc. trimmed its holdings in shares of Accenture plc (NYSE:ACN) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,396 shares of the information technology services provider’s stock after selling 102 shares during the period. D L Carlson Investment Group Inc.’s holdings in Accenture were worth $843,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ACN. Wellington Management Group LLP increased its stake in shares of Accenture by 22.8% in the 4th quarter. Wellington Management Group LLP now owns 12,175,518 shares of the information technology services provider’s stock valued at $4,283,225,000 after acquiring an additional 2,260,740 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of Accenture by 11.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 106,159 shares of the information technology services provider’s stock worth $37,346,000 after purchasing an additional 11,240 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Accenture by 5.4% in the 4th quarter. California Public Employees Retirement System now owns 1,828,325 shares of the information technology services provider’s stock valued at $643,186,000 after buying an additional 93,040 shares in the last quarter. RWA Wealth Partners LLC lifted its holdings in Accenture by 3.9% during the fourth quarter. RWA Wealth Partners LLC now owns 51,466 shares of the information technology services provider’s stock worth $18,105,000 after acquiring an additional 1,941 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in shares of Accenture by 19.6% in the fourth quarter. Schroder Investment Management Group now owns 391,615 shares of the information technology services provider’s stock worth $137,766,000 after acquiring an additional 64,282 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Wall Street Analyst Weigh In

ACN has been the subject of a number of research reports. Wolfe Research raised Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 target price for the company in a research note on Wednesday, January 8th. BMO Capital Markets boosted their price objective on shares of Accenture to $355.00 and gave the company a “hold” rating in a research report on Wednesday, March 26th. StockNews.com downgraded Accenture from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. Robert W. Baird upgraded Accenture from a “neutral” rating to an “outperform” rating and set a $390.00 price objective for the company in a report on Monday, March 17th. Finally, Piper Sandler reduced their price target on Accenture from $396.00 to $364.00 and set an “overweight” rating for the company in a research report on Thursday, March 20th. Eight analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $378.23.

Accenture Stock Down 1.4 %

Accenture stock opened at $304.32 on Monday. Accenture plc has a twelve month low of $278.69 and a twelve month high of $398.35. The company’s 50-day moving average price is $354.96 and its two-hundred day moving average price is $356.07. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The stock has a market cap of $190.61 billion, a P/E ratio of 25.53, a P/E/G ratio of 3.23 and a beta of 1.24.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.01. The firm had revenue of $16.70 billion for the quarter, compared to analyst estimates of $16.64 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.77 EPS. As a group, analysts expect that Accenture plc will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th will be given a dividend of $1.48 per share. The ex-dividend date is Thursday, April 10th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.95%. Accenture’s payout ratio is presently 48.89%.

Insider Transactions at Accenture

In other Accenture news, CFO Angie Y. Park sold 685 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $354.38, for a total value of $242,750.30. Following the transaction, the chief financial officer now directly owns 8,674 shares of the company’s stock, valued at $3,073,892.12. This trade represents a 7.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Julie Spellman Sweet sold 2,497 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $354.48, for a total transaction of $885,136.56. Following the sale, the chief executive officer now owns 28,866 shares in the company, valued at $10,232,419.68. This represents a 7.96 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,905 shares of company stock valued at $8,181,753. 0.02% of the stock is currently owned by company insiders.

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.