Matrix Trust Co Purchases 75 Shares of Accenture plc (NYSE:ACN)

Matrix Trust Co lifted its stake in Accenture plc (NYSE:ACN) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,369 shares of the information technology services provider’s stock after buying an additional 75 shares during the period. Accenture makes up approximately 0.5% of Matrix Trust Co’s investment portfolio, making the stock its 21st biggest position. Matrix Trust Co’s holdings in Accenture were worth $2,235,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in ACN. Chilton Capital Management LLC boosted its stake in shares of Accenture by 180.0% in the fourth quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock valued at $25,000 after buying an additional 45 shares during the period. BluePath Capital Management LLC acquired a new position in Accenture during the third quarter valued at approximately $31,000. Halpern Financial Inc. acquired a new position in Accenture during the fourth quarter valued at approximately $31,000. Valued Wealth Advisors LLC acquired a new position in Accenture during the fourth quarter valued at approximately $50,000. Finally, Valley National Advisers Inc. raised its position in Accenture by 40.3% during the third quarter. Valley National Advisers Inc. now owns 167 shares of the information technology services provider’s stock valued at $51,000 after purchasing an additional 48 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors.

Accenture Stock Down 0.3 %

ACN traded down $0.99 during trading on Friday, reaching $308.01. 3,371,848 shares of the stock traded hands, compared to its average volume of 2,670,314. The stock has a market capitalization of $206.59 billion, a PE ratio of 27.92, a P/E/G ratio of 2.93 and a beta of 1.19. The stock’s 50-day moving average is $349.66 and its 200 day moving average is $341.94. Accenture plc has a 12 month low of $261.68 and a 12 month high of $387.51.

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

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th will be given a dividend of $1.29 per share. 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 (DPR) is presently 46.78%.

Insider Transactions at Accenture

In other news, insider Ellyn Shook sold 5,000 shares of the 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 transaction, the insider now owns 13,699 shares of the company’s stock, valued at approximately $4,208,606.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Manish Sharma sold 1,486 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $370.39, for a total value of $550,399.54. Following the sale, the chief executive officer now owns 4,503 shares in the company, valued at approximately $1,667,866.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ellyn Shook sold 5,000 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 13,699 shares in the company, valued at approximately $4,208,606.78. The disclosure for this sale can be found here. Insiders have sold 32,490 shares of company stock valued at $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 analysts have commented on the stock. Robert W. Baird boosted their price objective on shares of Accenture from $364.00 to $375.00 and gave the company a “neutral” rating in a research report on Thursday, March 7th. Piper Sandler boosted their price objective on shares of Accenture from $335.00 to $394.00 and gave the company a “neutral” rating in a research report on Monday, March 18th. TD Cowen lowered their price target on shares of Accenture from $363.00 to $350.00 and set a “market perform” rating for the company in a report on Friday, March 22nd. 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. Finally, BNP Paribas upgraded shares of Accenture from a “neutral” rating to an “outperform” rating and set a $440.00 price target for the company in a report on Wednesday, January 17th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and a consensus price target of $387.00.

Accenture 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.