First Horizon Advisors Inc. Has $22.80 Million Stock Position in Accenture plc (NYSE:ACN)

First Horizon Advisors Inc. grew its position in shares of Accenture plc (NYSE:ACN) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,982 shares of the information technology services provider’s stock after acquiring an additional 212 shares during the quarter. First Horizon Advisors Inc.’s holdings in Accenture were worth $22,803,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of ACN. West Family Investments Inc. lifted its stake in Accenture by 4.9% during the 4th quarter. West Family Investments Inc. now owns 1,196 shares of the information technology services provider’s stock valued at $420,000 after acquiring an additional 56 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Accenture by 14.3% during the fourth quarter. Fisher Asset Management LLC now owns 3,442 shares of the information technology services provider’s stock worth $1,208,000 after purchasing an additional 431 shares during the last quarter. Heritage Wealth Management LLC bought a new stake in Accenture in the 4th quarter worth about $2,326,000. Robertson Stephens Wealth Management LLC lifted its position in shares of Accenture by 3.7% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,967 shares of the information technology services provider’s stock worth $690,000 after buying an additional 70 shares in the last quarter. Finally, Rogco LP boosted its stake in shares of Accenture by 86.7% in the 4th quarter. Rogco LP now owns 1,535 shares of the information technology services provider’s stock worth $539,000 after buying an additional 713 shares during the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Accenture Price Performance

Accenture stock traded up $0.87 during mid-day trading on Thursday, hitting $299.53. The company’s stock had a trading volume of 1,321,973 shares, compared to its average volume of 2,483,119. The business has a 50 day moving average price of $345.84 and a 200-day moving average price of $342.03. Accenture plc has a 12 month low of $261.68 and a 12 month high of $387.51. The stock has a market cap of $200.91 billion, a price-to-earnings ratio of 27.26, a price-to-earnings-growth ratio of 2.85 and a beta of 1.21.

Accenture (NYSE:ACN) last released its earnings results on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.11. The company had revenue of $15.80 billion during the quarter, compared to analyst estimates of $15.85 billion. Accenture had a return on equity of 28.30% and a net margin of 10.89%. Accenture’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.69 EPS. On average, equities research analysts expect that Accenture plc will post 12.09 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 1.72%. Accenture’s dividend payout ratio is currently 46.78%.

Analyst Ratings Changes

ACN has been the topic of a number of analyst reports. Guggenheim assumed coverage on shares of Accenture in a report on Tuesday, March 19th. They set a “buy” rating and a $425.00 target price on the stock. Piper Sandler increased their price target on shares of Accenture from $335.00 to $394.00 and gave the stock a “neutral” rating in a report on Monday, March 18th. Mizuho reaffirmed a “buy” rating and set a $398.00 target price (down previously from $426.00) on shares of Accenture in a report on Friday, March 22nd. TD Cowen cut their price target on shares of Accenture from $363.00 to $350.00 and set a “market perform” rating for the company in a report on Friday, March 22nd. Finally, Bank of America increased their price objective on Accenture from $379.00 to $419.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $387.00.

Insiders Place Their Bets

In other news, insider Ellyn Shook sold 5,000 shares of the stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the completion of the sale, the insider now directly owns 13,699 shares in the company, valued at $4,208,606.78. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Ellyn Shook sold 5,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 13,699 shares in the company, valued at $4,208,606.78. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Joel Unruch sold 4,333 shares of Accenture stock in a transaction on Friday, April 19th. The shares were sold at an average price of $316.12, for a total transaction of $1,369,747.96. Following the completion of the sale, the general counsel now owns 30,702 shares in the company, valued at approximately $9,705,516.24. The disclosure for this sale can be found here. Insiders have sold a total of 31,639 shares of company stock valued at $10,276,287 in the last quarter. Insiders own 0.07% of the company’s stock.

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.