817 Shares in Accenture plc (NYSE:ACN) Bought by German American Bancorp Inc.

German American Bancorp Inc. acquired a new stake in shares of Accenture plc (NYSE:ACNFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 817 shares of the information technology services provider’s stock, valued at approximately $287,000.

Other institutional investors have also bought and sold shares of the company. Chilton Capital Management LLC lifted its position in Accenture by 180.0% during the fourth quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 45 shares during the last quarter. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Accenture in the fourth quarter valued at $27,000. Halpern Financial Inc. purchased a new stake in shares of Accenture in the fourth quarter valued at $31,000. Laffer Tengler Investments Inc. raised its stake in shares of Accenture by 142.9% in the fourth quarter. Laffer Tengler Investments Inc. now owns 102 shares of the information technology services provider’s stock valued at $36,000 after acquiring an additional 60 shares during the period. Finally, Private Wealth Management Group LLC purchased a new stake in shares of Accenture in the fourth quarter valued at $43,000. Institutional investors own 75.14% of the company’s stock.

Accenture Stock Performance

Shares of Accenture stock traded down $4.41 on Friday, hitting $303.59. The company’s stock had a trading volume of 4,232,001 shares, compared to its average volume of 2,973,109. Accenture plc has a 1 year low of $284.26 and a 1 year high of $387.51. The firm has a fifty day moving average price of $328.56 and a 200-day moving average price of $342.46. The company has a market capitalization of $203.63 billion, a price-to-earnings ratio of 27.52, a price-to-earnings-growth ratio of 2.92 and a beta of 1.21.

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

Accenture Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th were paid a dividend of $1.29 per share. The ex-dividend date of this dividend was Wednesday, April 10th. This represents a $5.16 annualized dividend and a yield of 1.70%. Accenture’s dividend payout ratio (DPR) is presently 46.78%.

Insider Transactions at Accenture

In other news, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction 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 transaction, the insider now owns 13,699 shares in the company, valued at approximately $4,208,606.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Ellyn Shook sold 5,000 shares of the business’s stock in a transaction dated 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 directly owns 13,699 shares in the company, valued at approximately $4,208,606.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kathleen R. Mcclure sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $316.00, for a total transaction of $1,422,000.00. Following the sale, the chief financial officer now owns 42,781 shares in the company, valued at $13,518,796. The disclosure for this sale can be found here. Insiders sold 28,083 shares of company stock valued at $8,959,325 over the last 90 days. 0.07% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ACN shares. Stifel Nicolaus increased their target price on shares of Accenture from $363.00 to $395.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Bank of America upped their target price on shares of Accenture from $379.00 to $419.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. BMO Capital Markets decreased their price target on shares of Accenture from $385.00 to $375.00 and set a “market perform” rating for the company in a research note on Friday, March 22nd. Susquehanna reaffirmed a “neutral” rating and set a $360.00 target price (down from $400.00) on shares of Accenture in a research report on Thursday, March 21st. Finally, Deutsche Bank Aktiengesellschaft lowered Accenture from a “buy” rating to a “hold” rating and cut their price target for the company from $409.00 to $295.00 in a research note on Wednesday. Nine analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $381.67.

Check Out Our Latest Report on ACN

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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