Lincoln Capital LLC lowered its stake in shares of Accenture plc (NYSE:ACN – Free Report) by 16.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,583 shares of the information technology services provider’s stock after selling 505 shares during the quarter. Lincoln Capital LLC’s holdings in Accenture were worth $909,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the stock. Morse Asset Management Inc acquired a new position in Accenture during the third quarter valued at approximately $25,000. MidAtlantic Capital Management Inc. bought a new position in shares of Accenture during the third quarter worth $30,000. Retirement Wealth Solutions LLC acquired a new position in shares of Accenture in the 4th quarter valued at $34,000. Mowery & Schoenfeld Wealth Management LLC increased its position in shares of Accenture by 607.1% in the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 85 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC bought a new position in Accenture during the third quarter worth about $39,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other Accenture news, insider Angela Beatty sold 375 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.50, for a total transaction of $134,437.50. Following the transaction, the insider now owns 5,149 shares in the company, valued at $1,845,916.50. This trade represents a 6.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Julie Spellman Sweet sold 8,136 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $362.07, for a total transaction of $2,945,801.52. Following the completion of the sale, the chief executive officer now directly owns 12,188 shares of the company’s stock, valued at approximately $4,412,909.16. The trade was a 40.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,125 shares of company stock valued at $6,184,820 over the last ninety days. 0.02% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on ACN
Accenture Stock Performance
Shares of ACN opened at $352.33 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. The firm has a 50-day moving average of $357.59 and a 200-day moving average of $345.65. The company has a market cap of $220.49 billion, a PE ratio of 29.56, a price-to-earnings-growth ratio of 3.11 and a beta of 1.24. Accenture plc has a one year low of $278.69 and a one year high of $387.51.
Accenture (NYSE:ACN – Get Free Report) last announced its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.16. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The firm had revenue of $17.69 billion for the quarter, compared to the consensus estimate of $17.15 billion. During the same quarter in the previous year, the business earned $3.27 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. As a group, equities analysts forecast that Accenture plc will post 12.69 earnings per share for the current year.
Accenture declared that its Board of Directors has initiated a share buyback program on Thursday, September 26th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the information technology services provider to buy up to 1.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
Accenture Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 16th will be given a dividend of $1.48 per share. The ex-dividend date is Thursday, January 16th. This represents a $5.92 dividend on an annualized basis and a yield of 1.68%. Accenture’s dividend payout ratio (DPR) is 49.66%.
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.
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