American International Group Inc. Has $57.36 Million Holdings in Accenture plc (NYSE:ACN)

American International Group Inc. lessened its stake in Accenture plc (NYSE:ACNFree Report) by 0.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 163,468 shares of the information technology services provider’s stock after selling 344 shares during the quarter. American International Group Inc.’s holdings in Accenture were worth $57,363,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Pin Oak Investment Advisors Inc. boosted its stake in shares of Accenture by 8.2% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 357 shares of the information technology services provider’s stock valued at $125,000 after purchasing an additional 27 shares during the last quarter. Brave Asset Management Inc. boosted its stake in shares of Accenture by 2.8% in the 4th quarter. Brave Asset Management Inc. now owns 1,028 shares of the information technology services provider’s stock valued at $361,000 after purchasing an additional 28 shares during the last quarter. Addison Advisors LLC boosted its stake in shares of Accenture by 0.9% in the 4th quarter. Addison Advisors LLC now owns 3,181 shares of the information technology services provider’s stock valued at $1,116,000 after purchasing an additional 28 shares during the last quarter. Searle & CO. boosted its stake in shares of Accenture by 3.6% in the 4th quarter. Searle & CO. now owns 803 shares of the information technology services provider’s stock valued at $282,000 after purchasing an additional 28 shares during the last quarter. Finally, Sound View Wealth Advisors Group LLC boosted its stake in Accenture by 2.1% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 1,363 shares of the information technology services provider’s stock worth $478,000 after acquiring an additional 28 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Buying and Selling at Accenture

In other Accenture news, insider Ellyn Shook sold 5,000 shares of the company’s 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 transaction, the insider now directly owns 13,699 shares in the company, valued at $4,208,606.78. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, COO John F. Walsh sold 8,000 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $332.13, for a total value of $2,657,040.00. Following the completion of the sale, the chief operating officer now owns 17,877 shares of the company’s stock, valued at $5,937,488.01. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $1,536,100.00. Following the completion of the sale, the insider now directly 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. Insiders have sold a total of 28,083 shares of company stock worth $8,959,325 over the last ninety days. Insiders own 0.07% of the company’s stock.

Accenture Stock Performance

ACN traded up $4.39 during trading on Friday, reaching $286.71. 2,966,211 shares of the stock were exchanged, compared to its average volume of 3,117,430. The stock has a market cap of $192.31 billion, a P/E ratio of 25.99, a price-to-earnings-growth ratio of 3.12 and a beta of 1.21. Accenture plc has a twelve month low of $278.69 and a twelve month high of $387.51. The stock’s 50 day moving average price is $304.35 and its two-hundred day moving average price is $338.71.

Accenture (NYSE:ACNGet Free Report) last issued its earnings results 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 business had revenue of $15.80 billion for the quarter, compared to the consensus estimate 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 company earned $2.69 earnings per share. Equities research analysts predict that Accenture plc will post 12.08 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th were issued a $1.29 dividend. The ex-dividend date was Wednesday, April 10th. This represents a $5.16 annualized dividend and a dividend yield of 1.80%. Accenture’s dividend payout ratio is currently 46.78%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ACN. Susquehanna reissued a “neutral” rating and set a $360.00 price objective (down previously from $400.00) on shares of Accenture in a research note on Thursday, March 21st. Stifel Nicolaus reduced their price objective on shares of Accenture from $395.00 to $340.00 and set a “buy” rating on the stock in a research note on Wednesday. Citigroup reduced their price objective on shares of Accenture from $430.00 to $400.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Bank of America reduced their price objective on shares of Accenture from $419.00 to $365.00 and set a “buy” rating on the stock in a research note on Wednesday, June 5th. Finally, BMO Capital Markets cut their price target on shares of Accenture from $385.00 to $375.00 and set a “market perform” rating on the stock in a research note on Friday, March 22nd. Ten analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Accenture has a consensus rating of “Moderate Buy” and a consensus target price of $367.50.

Check Out Our Latest Stock Report on Accenture

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.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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