Banco de Sabadell S.A Has $3.66 Million Stock Position in Accenture plc (NYSE:ACN)

Banco de Sabadell S.A reduced its stake in shares of Accenture plc (NYSE:ACN) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,401 shares of the information technology services provider’s stock after selling 589 shares during the quarter. Accenture accounts for 2.9% of Banco de Sabadell S.A’s portfolio, making the stock its 10th largest position. Banco de Sabadell S.A’s holdings in Accenture were worth $3,656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in ACN. Morse Asset Management Inc bought a new position in Accenture during the 3rd quarter valued at about $25,000. FPC Investment Advisory Inc. boosted its holdings in shares of Accenture by 62.2% in the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock worth $28,000 after acquiring an additional 28 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in Accenture during the 4th quarter valued at $30,000. POM Investment Strategies LLC boosted its stake in Accenture by 64.2% in the fourth quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 34 shares in the last quarter. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Accenture during the fourth quarter worth $34,000. 75.14% of the stock is owned by institutional investors.

Accenture Trading Up 1.4 %

Shares of NYSE ACN opened at $305.17 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. Accenture plc has a twelve month low of $278.69 and a twelve month high of $398.35. The company’s fifty day moving average is $359.16 and its 200-day moving average is $357.24. The stock has a market cap of $190.97 billion, a price-to-earnings ratio of 25.60, a P/E/G ratio of 3.23 and a beta of 1.24.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.01. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The company had revenue of $16.70 billion during the quarter, compared to the consensus estimate of $16.64 billion. During the same period in the prior year, the company earned $2.77 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. Equities research analysts predict that Accenture plc will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th will be issued a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Thursday, April 10th. Accenture’s dividend payout ratio (DPR) is presently 49.66%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Piper Sandler cut their price target on Accenture from $396.00 to $364.00 and set an “overweight” rating for the company in a report on Thursday. The Goldman Sachs Group upgraded shares of Accenture from a “neutral” rating to a “buy” rating and upped their target price for the stock from $370.00 to $420.00 in a research report on Friday, December 6th. Robert W. Baird raised shares of Accenture from a “neutral” rating to an “outperform” rating and set a $390.00 price target for the company in a report on Monday, March 17th. Wolfe Research raised Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price objective on the stock in a report on Wednesday, January 8th. Finally, Guggenheim dropped their target price on Accenture from $400.00 to $395.00 and set a “buy” rating for the company in a research report on Friday. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Accenture has a consensus rating of “Moderate Buy” and an average target price of $380.05.

Insider Transactions at Accenture

In other Accenture news, CAO Melissa A. Burgum sold 232 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $394.46, for a total transaction of $91,514.72. Following the completion of the transaction, the chief accounting officer now owns 8,915 shares in the company, valued at approximately $3,516,610.90. This represents a 2.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Angela Beatty sold 375 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.50, for a total value of $134,437.50. Following the transaction, the insider now directly owns 5,149 shares of the company’s stock, valued at $1,845,916.50. This represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,280 shares of company stock valued at $8,316,190 over the last quarter. Corporate insiders own 0.02% of the company’s stock.

About Accenture

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.