Accenture plc (NYSE:ACN) Shares Purchased by Wealthspire Advisors LLC

Wealthspire Advisors LLC grew its holdings in Accenture plc (NYSE:ACN) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79,052 shares of the information technology services provider’s stock after purchasing an additional 3,259 shares during the period. Wealthspire Advisors LLC’s holdings in Accenture were worth $27,740,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Chilton Capital Management LLC boosted its position 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 buying an additional 45 shares during the period. DiNuzzo Private Wealth Inc. acquired a new position in Accenture in the 4th quarter valued at about $27,000. Halpern Financial Inc. purchased a new stake in Accenture during the fourth quarter worth about $31,000. BluePath Capital Management LLC purchased a new position in shares of Accenture in the third quarter valued at approximately $31,000. Finally, Valued Wealth Advisors LLC acquired a new position in shares of Accenture in the fourth quarter valued at approximately $50,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related 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 transaction of $2,657,040.00. Following the sale, the chief operating officer now owns 17,877 shares of the company’s stock, valued at $5,937,488.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, COO John F. Walsh sold 8,000 shares of Accenture stock in a transaction on Monday, March 25th. The stock was sold at an average price of $332.13, for a total transaction of $2,657,040.00. Following the completion of the transaction, the chief operating officer now owns 17,877 shares of the company’s stock, valued at approximately $5,937,488.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kathleen R. Mcclure sold 4,500 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $316.00, for a total transaction of $1,422,000.00. Following the transaction, the chief financial officer now owns 42,781 shares of the company’s stock, valued at $13,518,796. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,083 shares of company stock worth $8,959,325. Corporate insiders own 0.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on ACN. Morgan Stanley raised their price target on shares of Accenture from $400.00 to $417.00 and gave the company an “overweight” rating in a research report on Monday, March 18th. Piper Sandler increased their price target on Accenture from $335.00 to $394.00 and gave the company a “neutral” rating in a research report on Monday, March 18th. UBS Group upped their target price on shares of Accenture from $365.00 to $400.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. 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 research note on Wednesday, January 17th. Finally, Bank of America raised their price objective on shares of Accenture from $379.00 to $419.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $387.00.

Accenture Price Performance

Shares of ACN stock traded down $5.43 during midday trading on Thursday, hitting $306.56. The company had a trading volume of 3,238,071 shares, compared to its average volume of 2,507,225. Accenture plc has a 52-week low of $264.42 and a 52-week high of $387.51. The company’s 50 day simple moving average is $338.85 and its 200 day simple moving average is $342.14. The stock has a market cap of $205.62 billion, a price-to-earnings ratio of 27.80, a PEG ratio of 2.88 and a beta of 1.21.

Accenture (NYSE:ACN) last released its earnings results on Thursday, March 21st. The information technology services provider reported $2.77 EPS for the quarter, topping the consensus estimate of $2.66 by $0.11. The company had revenue of $15.80 billion during 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 revenue was down .1% on a year-over-year basis. During the same quarter last year, the business earned $2.69 EPS. Analysts anticipate that Accenture plc will post 12.09 EPS for the current year.

Accenture Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th will be given a $1.29 dividend. This represents a $5.16 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, April 10th. Accenture’s payout ratio is 46.78%.

About Accenture

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.