Duncker Streett & Co. Inc. Sells 3,925 Shares of Accenture PLC $ACN

Duncker Streett & Co. Inc. lowered its stake in Accenture PLC (NYSE:ACN) by 37.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,428 shares of the information technology services provider’s stock after selling 3,925 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in Accenture were worth $1,725,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Jaffetilchin Investment Partners LLC lifted its position in Accenture by 4.2% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 878 shares of the information technology services provider’s stock valued at $236,000 after purchasing an additional 35 shares during the last quarter. Clayton Financial Group LLC lifted its position in Accenture by 13.1% in the fourth quarter. Clayton Financial Group LLC now owns 329 shares of the information technology services provider’s stock valued at $88,000 after purchasing an additional 38 shares during the last quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. lifted its position in Accenture by 0.9% in the third quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 4,416 shares of the information technology services provider’s stock valued at $1,089,000 after purchasing an additional 41 shares during the last quarter. SkyView Investment Advisors LLC lifted its position in Accenture by 1.2% in the second quarter. SkyView Investment Advisors LLC now owns 3,751 shares of the information technology services provider’s stock valued at $1,108,000 after purchasing an additional 43 shares during the last quarter. Finally, IVC Wealth Advisors LLC lifted its position in Accenture by 5.0% in the fourth quarter. IVC Wealth Advisors LLC now owns 927 shares of the information technology services provider’s stock valued at $249,000 after purchasing an additional 44 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Analysts Set New Price Targets

ACN has been the subject of several recent research reports. BMO Capital Markets lowered their price objective on Accenture from $300.00 to $230.00 and set a “market perform” rating for the company in a research report on Friday, March 20th. Truist Financial reduced their target price on Accenture from $317.00 to $260.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. JPMorgan Chase & Co. boosted their target price on Accenture from $243.00 to $247.00 and gave the company an “overweight” rating in a research note on Friday, March 20th. Wells Fargo & Company boosted their target price on Accenture from $251.00 to $275.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 14th. Finally, UBS Group reissued a “buy” rating on shares of Accenture in a research note on Tuesday, March 17th. Seventeen investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Accenture presently has an average rating of “Moderate Buy” and an average target price of $274.50.

Insider Buying and Selling

In related news, CAO Melissa A. Burgum sold 3,588 shares of the company’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $281.01, for a total value of $1,008,263.88. Following the sale, the chief accounting officer directly owned 8,179 shares of the company’s stock, valued at $2,298,380.79. This represents a 30.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Joel Unruch sold 1,026 shares of the company’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $281.70, for a total value of $289,024.20. Following the completion of the sale, the general counsel directly owned 27,181 shares in the company, valued at approximately $7,656,887.70. The trade was a 3.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 15,331 shares of company stock valued at $4,048,871 over the last 90 days. 0.02% of the stock is currently owned by company insiders.

Accenture Price Performance

ACN opened at $195.17 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.34 and a current ratio of 1.34. Accenture PLC has a 52-week low of $177.50 and a 52-week high of $325.71. The stock has a market capitalization of $129.87 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 1.88 and a beta of 1.24. The stock’s 50 day moving average price is $203.34 and its 200-day moving average price is $239.47.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Friday, March 20th. The information technology services provider reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.09. The company had revenue of $18.04 billion for the quarter, compared to analysts’ expectations of $17.80 billion. Accenture had a return on equity of 26.33% and a net margin of 10.61%.The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.82 earnings per share. On average, equities research analysts predict that Accenture PLC will post 13.87 EPS for the current year.

Accenture Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 9th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Thursday, April 9th. Accenture’s dividend payout ratio is presently 53.40%.

Accenture Company Profile

Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.

The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.