Wealthspire Advisors LLC Boosts Holdings in Accenture plc (NYSE:ACN)

Wealthspire Advisors LLC grew its position in shares of Accenture plc (NYSE:ACN) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,052 shares of the information technology services provider’s stock after purchasing an additional 3,259 shares during the period. Wealthspire Advisors LLC’s holdings in Accenture were worth $27,740,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ACN. Chilton Capital Management LLC boosted its holdings in shares of Accenture by 180.0% in the 4th quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 45 shares in the last quarter. DiNuzzo Private Wealth Inc. purchased a new position in shares of Accenture during the fourth quarter worth approximately $27,000. BluePath Capital Management LLC bought a new stake in shares of Accenture in the 3rd quarter worth approximately $31,000. Halpern Financial Inc. bought a new position in shares of Accenture during the 4th quarter valued at $31,000. Finally, Valued Wealth Advisors LLC purchased a new position in Accenture in the 4th quarter worth $50,000. Institutional investors own 75.14% of the company’s stock.

Insider Transactions at Accenture

In related news, insider Ellyn Shook sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $307.22, for a total value of $1,536,100.00. Following the sale, 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 Securities & Exchange Commission, which is available at the SEC website. In related news, General Counsel Joel Unruch sold 4,333 shares of the business’s stock in a transaction that occurred 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 directly owns 30,702 shares in the company, valued at $9,705,516.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ellyn Shook sold 5,000 shares of the 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 disclosure for this sale can be found here. Insiders sold 28,083 shares of company stock worth $8,959,325 over the last three months. 0.07% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. UBS Group raised their price objective on Accenture from $365.00 to $400.00 and gave the company a “neutral” rating in a research note on Thursday, January 25th. BNP Paribas upgraded Accenture from a “neutral” rating to an “outperform” rating and set a $440.00 price objective for the company in a research report on Wednesday, January 17th. Mizuho restated a “buy” rating and issued a $398.00 target price (down previously from $426.00) on shares of Accenture in a report on Friday, March 22nd. Citigroup dropped their price target on shares of Accenture from $430.00 to $400.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Finally, StockNews.com cut shares of Accenture from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Accenture has an average rating of “Moderate Buy” and a consensus price target of $387.00.

Accenture Trading Down 1.7 %

NYSE:ACN traded down $5.43 on Thursday, reaching $306.56. 3,238,071 shares of the stock traded hands, compared to its average volume of 2,507,225. The company’s fifty day simple moving average is $338.85 and its 200 day simple moving average is $342.14. The company has a market capitalization of $205.62 billion, a price-to-earnings ratio of 27.80, a PEG ratio of 2.88 and a beta of 1.21. Accenture plc has a 12 month low of $264.42 and a 12 month high of $387.51.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share for the quarter, topping 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 net margin of 10.89% and a return on equity of 28.30%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the business earned $2.69 EPS. Equities analysts anticipate that Accenture plc will post 12.09 EPS for the current fiscal year.

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th will be issued a dividend of $1.29 per share. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Wednesday, April 10th. Accenture’s payout ratio is presently 46.78%.

Accenture Company 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.