Accenture plc (NYSE:ACN) Shares Purchased by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC increased its position in shares of Accenture plc (NYSE:ACN) by 7.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 48,066 shares of the information technology services provider’s stock after purchasing an additional 3,523 shares during the quarter. Accenture accounts for 1.3% of Knights of Columbus Asset Advisors LLC’s investment portfolio, making the stock its 6th biggest holding. Knights of Columbus Asset Advisors LLC’s holdings in Accenture were worth $14,169,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. OLD Mission Capital LLC acquired a new position in shares of Accenture in the third quarter worth $223,000. Sage Mountain Advisors LLC raised its holdings in shares of Accenture by 8.8% in the first quarter. Sage Mountain Advisors LLC now owns 857 shares of the information technology services provider’s stock worth $237,000 after acquiring an additional 69 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in shares of Accenture by 105.9% in the first quarter. Kestra Advisory Services LLC now owns 33,838 shares of the information technology services provider’s stock worth $9,348,000 after acquiring an additional 17,403 shares during the last quarter. Bank of The West raised its holdings in shares of Accenture by 9.7% in the first quarter. Bank of The West now owns 22,249 shares of the information technology services provider’s stock worth $6,146,000 after acquiring an additional 1,967 shares during the last quarter. Finally, Certified Advisory Corp acquired a new position in shares of Accenture in the first quarter worth $73,000. 73.20% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Ellyn Shook sold 2,600 shares of the business’s stock in a transaction dated Friday, July 23rd. The stock was sold at an average price of $317.47, for a total value of $825,422.00. Following the transaction, the insider now owns 19,420 shares in the company, valued at $6,165,267.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jean-Marc Ollagnier sold 5,233 shares of the company’s stock in a transaction that occurred on Friday, July 16th. The shares were sold at an average price of $314.20, for a total value of $1,644,208.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,333 shares of company stock worth $4,826,161. Insiders own 0.07% of the company’s stock.

A number of equities research analysts have recently commented on ACN shares. lifted their price objective on Accenture from $310.00 to $340.00 and gave the company a “buy” rating in a research report on Friday, June 25th. Exane BNP Paribas raised Accenture from a “neutral” rating to an “outperform” rating in a research report on Wednesday, June 23rd. Argus lifted their price objective on Accenture from $330.00 to $400.00 and gave the company a “buy” rating in a research report on Friday. Robert W. Baird reaffirmed a “hold” rating on shares of Accenture in a research report on Sunday, September 19th. Finally, Piper Sandler lifted their price objective on Accenture from $302.00 to $354.00 and gave the company a “neutral” rating in a research report on Friday. Five equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $352.42.

Shares of ACN opened at $337.00 on Monday. The stock’s 50-day moving average is $329.06 and its two-hundred day moving average is $301.44. The stock has a market cap of $213.88 billion, a PE ratio of 37.95, a P/E/G ratio of 3.48 and a beta of 1.11. Accenture plc has a 12 month low of $210.42 and a 12 month high of $345.52.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Wednesday, September 22nd. The information technology services provider reported $2.20 EPS for the quarter, topping the Zacks’ consensus estimate of $2.19 by $0.01. Accenture had a return on equity of 28.94% and a net margin of 12.06%. The company had revenue of $13.42 billion for the quarter, compared to analysts’ expectations of $13.42 billion. During the same quarter in the previous year, the firm posted $1.70 earnings per share. The firm’s quarterly revenue was up 23.8% on a year-over-year basis. As a group, analysts predict that Accenture plc will post 8.79 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 15th. Investors of record on Thursday, October 14th will be paid a $0.97 dividend. This is a boost from Accenture’s previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, October 13th. This represents a $3.88 annualized dividend and a dividend yield of 1.15%. Accenture’s payout ratio is 47.18%.

Accenture Profile

Accenture Plc engages in the provision of management consulting, technology, and outsourcing services. It operates through the following segments: Communications, Media, and Technology; Financial Services; Health and Public Service; Products; Resources; and Other. The Communications, Media, and Technology segment serves communications, media, high-tech, and software and platform companies through acceleration and delivery of digital transformation, development of comprehensive and industry-specific solutions, and enhance efficiency and business results.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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