Metis Global Partners LLC Purchases 4,402 Shares of Accenture plc (NYSE:ACN)

Metis Global Partners LLC boosted its position in shares of Accenture plc (NYSE:ACN) by 14.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,819 shares of the information technology services provider’s stock after purchasing an additional 4,402 shares during the quarter. Metis Global Partners LLC’s holdings in Accenture were worth $12,569,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Monument Capital Management boosted its position in shares of Accenture by 13.2% in the 3rd quarter. Monument Capital Management now owns 1,259 shares of the information technology services provider’s stock worth $387,000 after purchasing an additional 147 shares during the last quarter. Concord Wealth Partners grew its position in shares of Accenture by 113.6% during the 3rd quarter. Concord Wealth Partners now owns 1,835 shares of the information technology services provider’s stock worth $564,000 after buying an additional 976 shares during the period. Everhart Financial Group Inc. raised its position in shares of Accenture by 11.3% in the 3rd quarter. Everhart Financial Group Inc. now owns 2,162 shares of the information technology services provider’s stock valued at $664,000 after acquiring an additional 219 shares during the period. Lindbrook Capital LLC boosted its stake in Accenture by 2.7% during the 3rd quarter. Lindbrook Capital LLC now owns 2,836 shares of the information technology services provider’s stock worth $871,000 after acquiring an additional 74 shares during the last quarter. Finally, Keating Investment Counselors Inc. grew its holdings in Accenture by 72.7% during the third quarter. Keating Investment Counselors Inc. now owns 1,900 shares of the information technology services provider’s stock valued at $584,000 after purchasing an additional 800 shares during the period. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Trading Up 1.1 %

Shares of NYSE:ACN traded up $3.37 on Friday, hitting $303.71. The company had a trading volume of 2,767,141 shares, compared to its average volume of 3,150,080. The stock has a 50 day moving average price of $342.95 and a 200 day moving average price of $342.23. The stock has a market cap of $203.71 billion, a price-to-earnings ratio of 27.53, a P/E/G ratio of 2.88 and a beta of 1.21. Accenture plc has a 1-year low of $261.68 and a 1-year high of $387.51.

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

Accenture Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th will be issued a dividend of $1.29 per share. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Wednesday, April 10th. Accenture’s dividend payout ratio is currently 46.78%.

Analyst Upgrades and Downgrades

ACN has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price target on shares of Accenture from $400.00 to $417.00 and gave the stock an “overweight” rating in a research report on Monday, March 18th. Robert W. Baird increased their price target on Accenture from $364.00 to $375.00 and gave the stock a “neutral” rating in a report on Thursday, March 7th. Citigroup cut their price objective on Accenture from $430.00 to $400.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Susquehanna restated a “neutral” rating and set a $360.00 target price (down from $400.00) on shares of Accenture in a report on Thursday, March 21st. Finally, Royal Bank of Canada upped their price target on shares of Accenture from $374.00 to $381.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $387.00.

Insider Activity at Accenture

In other Accenture news, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction dated 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 completion of the sale, the insider now owns 13,699 shares in the company, valued at approximately $4,208,606.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Kathleen R. Mcclure sold 2,070 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $370.32, for a total value of $766,562.40. Following the completion of the transaction, the chief financial officer now owns 47,110 shares of the company’s stock, valued at $17,445,775.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Ellyn Shook sold 5,000 shares of the stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $307.22, for a total transaction 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 31,639 shares of company stock worth $10,276,287. Corporate insiders own 0.07% of the company’s stock.

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.