Wealth Dimensions Group Ltd. Has $521,000 Holdings in Accenture plc (NYSE:ACN)

Wealth Dimensions Group Ltd. lifted its holdings in shares of Accenture plc (NYSE:ACN – Get Rating) by 26.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,951 shares of the information technology services provider’s stock after purchasing an additional 409 shares during the period. Wealth Dimensions Group Ltd.’s holdings in Accenture were worth $521,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of ACN. Kestra Advisory Services LLC lifted its holdings in Accenture by 40.7% in the fourth quarter. Kestra Advisory Services LLC now owns 64,893 shares of the information technology services provider’s stock valued at $17,316,000 after buying an additional 18,786 shares during the period. RFG Advisory LLC increased its stake in Accenture by 15.5% in the third quarter. RFG Advisory LLC now owns 2,866 shares of the information technology services provider’s stock valued at $771,000 after purchasing an additional 385 shares in the last quarter. Castle Rock Wealth Management LLC bought a new stake in Accenture in the fourth quarter valued at $221,000. Daymark Wealth Partners LLC bought a new stake in Accenture in the fourth quarter valued at $575,000. Finally, Simon Quick Advisors LLC bought a new stake in Accenture in the fourth quarter valued at $284,000. Institutional investors and hedge funds own 73.97% of the company’s stock.

Accenture Trading Up 3.9 %

Shares of ACN stock traded up $11.30 during trading on Friday, reaching $303.06. 2,524,334 shares of the company’s stock traded hands, compared to its average volume of 2,383,690. The company has a market capitalization of $191.49 billion, a P/E ratio of 27.30, a PEG ratio of 2.61 and a beta of 1.25. The firm’s 50-day moving average is $276.81 and its 200 day moving average is $277.13. Accenture plc has a 1 year low of $242.80 and a 1 year high of $322.88.

Accenture (NYSE:ACN – Get Rating) last announced its quarterly earnings results on Thursday, March 23rd. The information technology services provider reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $0.20. Accenture had a net margin of 11.00% and a return on equity of 30.73%. The company had revenue of $15.81 billion for the quarter, compared to analysts’ expectations of $15.59 billion. During the same period in the prior year, the company posted $2.54 EPS. Accenture’s revenue was up 5.1% compared to the same quarter last year. As a group, sell-side analysts predict that Accenture plc will post 11.57 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Thursday, April 13th were paid a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 1.48%. The ex-dividend date was Wednesday, April 12th. Accenture’s dividend payout ratio is presently 41.25%.

Insiders Place Their Bets

In other news, insider Ellyn Shook sold 5,250 shares of the stock in a transaction on Monday, April 24th. The shares were sold at an average price of $275.90, for a total value of $1,448,475.00. Following the transaction, the insider now owns 26,908 shares of the company’s stock, valued at approximately $7,423,917.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Ellyn Shook sold 5,250 shares of the stock in a transaction on Monday, April 24th. The shares were sold at an average price of $275.90, for a total value of $1,448,475.00. Following the transaction, the insider now owns 26,908 shares of the company’s stock, valued at approximately $7,423,917.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jean-Marc Ollagnier sold 6,250 shares of the stock in a transaction on Friday, April 14th. The stock was sold at an average price of $280.06, for a total transaction of $1,750,375.00. Following the completion of the transaction, the insider now directly owns 174,084 shares in the company, valued at approximately $48,753,965.04. The disclosure for this sale can be found here. Insiders have sold 15,010 shares of company stock worth $4,180,030 in the last three months. 0.08% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have weighed in on ACN. Royal Bank of Canada lifted their price target on shares of Accenture from $335.00 to $340.00 and gave the company an “outperform” rating in a research note on Friday, March 24th. StockNews.com assumed coverage on shares of Accenture in a research report on Thursday, May 18th. They set a “buy” rating for the company. BMO Capital Markets boosted their target price on shares of Accenture from $310.00 to $327.00 in a research report on Friday, March 24th. Wedbush reissued an “outperform” rating and set a $300.00 target price on shares of Accenture in a research report on Monday, March 13th. Finally, Citigroup boosted their target price on shares of Accenture from $300.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, March 24th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $314.00.

About Accenture

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Accenture Plc engages in the provision of management consulting, technology, and outsourcing services. It operates through the following geographical segments: North America, Europe and Growth Markets. The company was founded in 1989 and is headquartered in Dublin, Ireland.