Accenture plc (NYSE:ACN) Shares Purchased by Ballentine Partners LLC

Ballentine Partners LLC grew its holdings in shares of Accenture plc (NYSE:ACNFree Report) by 10.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 17,033 shares of the information technology services provider’s stock after purchasing an additional 1,544 shares during the period. Ballentine Partners LLC’s holdings in Accenture were worth $5,977,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Accenture by 0.3% during the third quarter. Vanguard Group Inc. now owns 58,434,025 shares of the information technology services provider’s stock worth $17,945,673,000 after acquiring an additional 184,541 shares during the last quarter. State Street Corp lifted its holdings in shares of Accenture by 0.7% during the second quarter. State Street Corp now owns 26,644,296 shares of the information technology services provider’s stock worth $8,221,897,000 after purchasing an additional 190,412 shares during the period. Morgan Stanley grew its position in Accenture by 14.9% in the 4th quarter. Morgan Stanley now owns 16,642,841 shares of the information technology services provider’s stock valued at $4,440,976,000 after buying an additional 2,163,582 shares during the last quarter. FMR LLC raised its position in Accenture by 4.4% during the 3rd quarter. FMR LLC now owns 13,316,028 shares of the information technology services provider’s stock worth $4,089,485,000 after buying an additional 565,505 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Accenture by 7.0% in the third quarter. Wellington Management Group LLP now owns 11,034,666 shares of the information technology services provider’s stock valued at $3,388,856,000 after acquiring an additional 720,647 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Susquehanna reaffirmed a “neutral” rating and set a $360.00 price target (down from $400.00) on shares of Accenture in a research note on Thursday, March 21st. Royal Bank of Canada raised their price target on Accenture from $374.00 to $381.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. StockNews.com downgraded shares of Accenture from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. Redburn Atlantic upped their price target on shares of Accenture from $410.00 to $445.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Finally, Guggenheim started coverage on shares of Accenture in a research note on Tuesday, March 19th. They set a “buy” rating and a $425.00 price objective for the company. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Accenture has a consensus rating of “Moderate Buy” and an average target price of $387.00.

View Our Latest Stock Report on Accenture

Accenture Price Performance

ACN stock traded down $4.18 during trading on Wednesday, reaching $332.28. 1,910,871 shares of the stock traded hands, compared to its average volume of 2,299,464. Accenture plc has a 52-week low of $261.68 and a 52-week high of $387.51. The business’s 50 day moving average price is $367.29 and its 200-day moving average price is $341.25. The firm has a market capitalization of $222.87 billion, a PE ratio of 30.50, a P/E/G ratio of 3.21 and a beta of 1.19.

Accenture (NYSE:ACNGet Free Report) last released its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.11. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The company had revenue of $15.80 billion during the quarter, compared to analyst estimates of $15.85 billion. During the same quarter in the prior year, the business earned $2.69 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. On average, equities research analysts predict that Accenture plc will post 12.1 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 11th will be issued a dividend of $1.29 per share. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $5.16 annualized dividend and a dividend yield of 1.55%. Accenture’s payout ratio is currently 46.78%.

Insider Buying and Selling

In other news, COO John F. Walsh sold 8,000 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $332.13, for a total transaction of $2,657,040.00. Following the transaction, the chief operating officer now directly owns 17,877 shares of the company’s stock, valued at $5,937,488.01. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Accenture news, CEO Jean-Marc Ollagnier sold 6,250 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $362.77, for a total value of $2,267,312.50. Following the transaction, the chief executive officer now directly owns 167,831 shares of the company’s stock, valued at approximately $60,884,051.87. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO John F. Walsh sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $332.13, for a total transaction of $2,657,040.00. Following the sale, the chief operating officer now directly owns 17,877 shares of the company’s stock, valued at approximately $5,937,488.01. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,000 shares of company stock valued at $11,146,998. Corporate insiders own 0.07% of the company’s stock.

Accenture Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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