Horan Securities Inc. Increases Position in Accenture plc (NYSE:ACN)

Horan Securities Inc. raised its position in Accenture plc (NYSE:ACNFree Report) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,127 shares of the information technology services provider’s stock after purchasing an additional 60 shares during the period. Horan Securities Inc.’s holdings in Accenture were worth $395,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of ACN. Dubuque Bank & Trust Co grew its position in shares of Accenture by 18.4% in the 3rd quarter. Dubuque Bank & Trust Co now owns 1,328 shares of the information technology services provider’s stock valued at $408,000 after buying an additional 206 shares during the last quarter. Financial Advocates Investment Management boosted its stake in Accenture by 10.2% during the 3rd quarter. Financial Advocates Investment Management now owns 4,354 shares of the information technology services provider’s stock worth $1,337,000 after purchasing an additional 402 shares during the period. Carmel Capital Partners LLC boosted its stake in Accenture by 628.8% during the 3rd quarter. Carmel Capital Partners LLC now owns 379 shares of the information technology services provider’s stock worth $116,000 after purchasing an additional 327 shares during the period. Assetmark Inc. boosted its stake in Accenture by 26.9% during the 3rd quarter. Assetmark Inc. now owns 62,138 shares of the information technology services provider’s stock worth $19,083,000 after purchasing an additional 13,175 shares during the period. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in Accenture by 12.2% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 10,076 shares of the information technology services provider’s stock worth $3,094,000 after purchasing an additional 1,094 shares during the period. 75.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction 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 completion of the sale, the insider now owns 13,699 shares in the company, valued at $4,208,606.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Accenture news, CFO Kathleen R. Mcclure sold 4,500 shares of the business’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $316.00, for a total transaction of $1,422,000.00. Following the completion of the sale, the chief financial officer now owns 42,781 shares in the company, valued at $13,518,796. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Ellyn Shook sold 5,000 shares of the business’s stock in a transaction on 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 sale, the insider now owns 13,699 shares of the company’s stock, valued at approximately $4,208,606.78. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,083 shares of company stock worth $8,959,325. Insiders own 0.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on ACN. Citigroup reduced their target price on shares of Accenture from $430.00 to $400.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Mizuho restated a “buy” rating and issued a $398.00 target price (down previously from $426.00) on shares of Accenture in a research note on Friday, March 22nd. Guggenheim initiated coverage on shares of Accenture in a report on Tuesday, March 19th. They issued a “buy” rating and a $425.00 price target for the company. StockNews.com downgraded shares of Accenture from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. Finally, Piper Sandler increased their price target on shares of Accenture from $335.00 to $394.00 and gave the company a “neutral” rating in a report on Monday, March 18th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $387.00.

Get Our Latest Research Report on Accenture

Accenture Price Performance

ACN stock traded down $0.28 during midday trading on Friday, reaching $306.33. 1,786,950 shares of the company’s stock traded hands, compared to its average volume of 3,162,200. The business has a 50-day moving average price of $336.01 and a two-hundred day moving average price of $341.97. Accenture plc has a fifty-two week low of $268.18 and a fifty-two week high of $387.51. The company has a market capitalization of $205.47 billion, a P/E ratio of 27.77, a PEG ratio of 2.90 and a beta of 1.21.

Accenture (NYSE:ACNGet Free Report) last posted its earnings results on Thursday, March 21st. The information technology services provider reported $2.77 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.11. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The business had revenue of $15.80 billion for the quarter, compared to analysts’ expectations of $15.85 billion. During the same period in the previous year, the company posted $2.69 earnings per share. The business’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, research analysts forecast that Accenture plc will post 12.09 earnings per share for the current fiscal year.

Accenture Announces Dividend

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

Accenture 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.

Further Reading

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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