Town & Country Bank & Trust CO dba First Bankers Trust CO Sells 77 Shares of Accenture plc (NYSE:ACN)

Town & Country Bank & Trust CO dba First Bankers Trust CO lowered its holdings in Accenture plc (NYSE:ACN) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,791 shares of the information technology services provider’s stock after selling 77 shares during the period. Accenture makes up 1.2% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s investment portfolio, making the stock its 27th largest position. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Accenture were worth $3,093,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of ACN. Baldwin Wealth Partners LLC MA grew its stake in shares of Accenture by 6.5% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 63,429 shares of the information technology services provider’s stock valued at $22,314,000 after buying an additional 3,883 shares during the last quarter. Schrum Private Wealth Management LLC raised its stake in shares of Accenture by 78.6% during the third quarter. Schrum Private Wealth Management LLC now owns 11,448 shares of the information technology services provider’s stock valued at $4,047,000 after acquiring an additional 5,038 shares during the last quarter. MQS Management LLC bought a new position in Accenture in the 3rd quarter worth $1,040,000. Concurrent Investment Advisors LLC lifted its stake in shares of Accenture by 70.6% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 35,591 shares of the information technology services provider’s stock valued at $12,581,000 after purchasing an additional 14,724 shares during the period. Finally, M&G PLC grew its position in shares of Accenture by 34.1% in the 3rd quarter. M&G PLC now owns 292,808 shares of the information technology services provider’s stock worth $103,361,000 after buying an additional 74,438 shares during the period. Institutional investors own 75.14% of the company’s stock.

Accenture Price Performance

Shares of NYSE:ACN opened at $372.99 on Tuesday. The company has a current ratio of 1.47, a quick 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 $387.51. The company’s 50 day moving average is $357.37 and its 200 day moving average is $348.01. The company has a market cap of $233.41 billion, a PE ratio of 31.29, a price-to-earnings-growth ratio of 3.20 and a beta of 1.24.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.16. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The firm had revenue of $17.69 billion during the quarter, compared to analysts’ expectations of $17.15 billion. During the same quarter last year, the company posted $3.27 earnings per share. The firm’s revenue was up 9.0% compared to the same quarter last year. On average, sell-side analysts forecast that Accenture plc will post 12.69 EPS for the current year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be given a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 1.59%. The ex-dividend date is Thursday, January 16th. Accenture’s dividend payout ratio is currently 49.66%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. BNP Paribas downgraded Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 price target on the stock. in a research note on Wednesday, October 30th. UBS Group lifted their price objective on Accenture from $450.00 to $455.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Barclays boosted their price objective on shares of Accenture from $350.00 to $415.00 and gave the company an “overweight” rating in a report on Monday, September 30th. TD Cowen raised Accenture from a “hold” rating to a “buy” rating and increased their price target for the company from $321.00 to $400.00 in a report on Monday, September 30th. Finally, BMO Capital Markets raised their target price on Accenture from $390.00 to $425.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $383.74.

Insider Transactions at Accenture

In related news, General Counsel Joel Unruch sold 4,750 shares of Accenture stock in a transaction on Friday, January 24th. The shares were sold at an average price of $362.78, for a total value of $1,723,205.00. Following the sale, the general counsel now owns 20,526 shares of the company’s stock, valued at approximately $7,446,422.28. This trade represents a 18.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Angela Beatty sold 375 shares of the company’s 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 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 have sold 16,446 shares of company stock valued at $5,852,848 in the last 90 days. 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.