Callan Capital LLC Grows Holdings in Accenture plc (NYSE:ACN)

Callan Capital LLC grew its stake in Accenture plc (NYSE:ACN) by 13.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,294 shares of the information technology services provider’s stock after acquiring an additional 153 shares during the period. Callan Capital LLC’s holdings in Accenture were worth $454,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in ACN. Strategic Blueprint LLC increased its stake in Accenture by 4.1% during the 3rd quarter. Strategic Blueprint LLC now owns 2,298 shares of the information technology services provider’s stock worth $706,000 after buying an additional 90 shares during the period. L. Roy Papp & Associates LLP increased its stake in Accenture by 0.4% during the 3rd quarter. L. Roy Papp & Associates LLP now owns 116,006 shares of the information technology services provider’s stock worth $35,627,000 after buying an additional 482 shares during the period. Aaron Wealth Advisors LLC increased its stake in Accenture by 0.7% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 6,453 shares of the information technology services provider’s stock worth $1,982,000 after buying an additional 48 shares during the period. Ballast Advisors LLC increased its stake in Accenture by 124.6% during the 3rd quarter. Ballast Advisors LLC now owns 3,591 shares of the information technology services provider’s stock worth $1,103,000 after buying an additional 1,992 shares during the period. Finally, Jmac Enterprises LLC grew its holdings in Accenture by 43.0% during the 3rd quarter. Jmac Enterprises LLC now owns 2,200 shares of the information technology services provider’s stock worth $676,000 after acquiring an additional 662 shares in the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Stock Down 0.3 %

NYSE:ACN traded down $1.07 during trading hours on Friday, reaching $307.93. 3,371,677 shares of the company’s stock were exchanged, compared to its average volume of 2,435,283. The firm has a market capitalization of $206.54 billion, a price-to-earnings ratio of 27.92, a P/E/G ratio of 2.97 and a beta of 1.19. Accenture plc has a 1-year low of $261.68 and a 1-year high of $387.51. The company has a 50-day moving average of $349.66 and a 200 day moving average of $341.94.

Accenture (NYSE:ACN) last announced its quarterly earnings data 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. The company had revenue of $15.80 billion during 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%. Accenture’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.69 EPS. Research analysts forecast that Accenture plc will post 12.09 EPS for the current fiscal year.

Accenture Dividend Announcement

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 $1.29 dividend. The ex-dividend date 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 is presently 46.78%.

Insider Activity

In other news, CFO Kathleen R. Mcclure sold 851 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $371.77, for a total value of $316,376.27. Following the completion of the transaction, the chief financial officer now owns 50,737 shares in the company, valued at approximately $18,862,494.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Accenture news, CEO Manish Sharma sold 1,486 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $370.39, for a total transaction of $550,399.54. Following the completion of the transaction, the chief executive officer now directly owns 4,503 shares in the company, valued at approximately $1,667,866.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kathleen R. Mcclure sold 851 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $371.77, for a total transaction of $316,376.27. Following the transaction, the chief financial officer now owns 50,737 shares of the company’s stock, valued at $18,862,494.49. The disclosure for this sale can be found here. Insiders sold 32,490 shares of company stock worth $10,592,664 in the last 90 days. 0.07% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on ACN. Citigroup lowered their price target on shares of Accenture from $430.00 to $400.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Bank of America boosted their price target on shares of Accenture from $379.00 to $419.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Piper Sandler boosted 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. StockNews.com upgraded shares of Accenture from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Finally, BMO Capital Markets lowered their target price on shares of Accenture from $385.00 to $375.00 and set a “market perform” rating for the company in a report on Friday, March 22nd. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Accenture has a consensus rating of “Moderate Buy” and an average target price of $387.00.

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.