Accenture plc (NYSE:ACN) Shares Bought by DeDora Capital Inc.

DeDora Capital Inc. grew its holdings in shares of Accenture plc (NYSE:ACN) by 55.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,719 shares of the information technology services provider’s stock after purchasing an additional 1,331 shares during the period. DeDora Capital Inc.’s holdings in Accenture were worth $1,289,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Chilton Capital Management LLC grew its stake in shares of Accenture by 180.0% during the fourth quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 45 shares during the last quarter. DiNuzzo Private Wealth Inc. purchased a new position in shares of Accenture in the fourth quarter worth $27,000. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Accenture during the fourth quarter worth $29,000. Atwood & Palmer Inc. increased its position in shares of Accenture by 214.8% in the 1st quarter. Atwood & Palmer Inc. now owns 85 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 58 shares during the period. Finally, BluePath Capital Management LLC purchased a new position in Accenture in the 3rd quarter worth $31,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

ACN has been the subject of several research analyst reports. Royal Bank of Canada raised their price objective on Accenture from $374.00 to $381.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. StockNews.com downgraded shares of Accenture from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. TD Cowen decreased their target price on shares of Accenture from $363.00 to $350.00 and set a “market perform” rating for the company in a research report on Friday, March 22nd. Mizuho reaffirmed a “buy” rating and set a $398.00 price target (down from $426.00) on shares of Accenture in a research report on Friday, March 22nd. Finally, Morgan Stanley boosted their price objective on Accenture from $400.00 to $417.00 and gave the company an “overweight” rating in a report on Monday, March 18th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Accenture presently has an average rating of “Moderate Buy” and an average price target of $387.00.

Accenture Stock Up 1.1 %

Shares of Accenture stock traded up $3.37 during trading hours on Friday, reaching $303.71. 2,767,141 shares of the company’s stock were exchanged, compared to its average volume of 3,150,080. The business has a fifty day moving average of $342.95 and a two-hundred day moving average of $341.73. Accenture plc has a 1 year low of $261.68 and a 1 year high of $387.51. The company has a market capitalization of $203.71 billion, a P/E ratio of 27.53, a price-to-earnings-growth ratio of 2.85 and a beta of 1.21.

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

Accenture Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders 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 annualized dividend and a yield of 1.70%. Accenture’s payout ratio is 46.78%.

Insider Transactions at Accenture

In other Accenture 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 value of $1,536,100.00. Following the sale, the insider now owns 13,699 shares in the company, valued at $4,208,606.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Accenture news, CEO Manish Sharma sold 1,486 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $370.39, for a total transaction of $550,399.54. Following the transaction, the chief executive officer now directly owns 4,503 shares in the company, valued at $1,667,866.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 directly owns 13,699 shares of the company’s stock, valued at $4,208,606.78. The disclosure for this sale can be found here. Insiders sold 31,639 shares of company stock worth $10,276,287 in the last 90 days. Insiders own 0.07% of the company’s stock.

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.