Accenture plc (NYSE:ACN) Stock Position Raised by Larson Financial Group LLC

Larson Financial Group LLC lifted its position in Accenture plc (NYSE:ACN) by 303.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,983 shares of the information technology services provider’s stock after acquiring an additional 1,491 shares during the quarter. Larson Financial Group LLC’s holdings in Accenture were worth $696,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Brave Asset Management Inc. lifted its position in Accenture by 2.8% in the 4th quarter. Brave Asset Management Inc. now owns 1,028 shares of the information technology services provider’s stock worth $361,000 after buying an additional 28 shares in the last quarter. KMG Fiduciary Partners LLC lifted its position in Accenture by 4.0% in the 4th quarter. KMG Fiduciary Partners LLC now owns 760 shares of the information technology services provider’s stock worth $267,000 after buying an additional 29 shares in the last quarter. Carr Financial Group Corp lifted its position in Accenture by 2.4% in the 4th quarter. Carr Financial Group Corp now owns 1,245 shares of the information technology services provider’s stock worth $437,000 after buying an additional 29 shares in the last quarter. PDS Planning Inc raised its holdings in shares of Accenture by 1.2% during the 4th quarter. PDS Planning Inc now owns 2,372 shares of the information technology services provider’s stock valued at $832,000 after purchasing an additional 29 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Accenture by 0.5% during the 4th quarter. Allworth Financial LP now owns 6,062 shares of the information technology services provider’s stock valued at $2,127,000 after purchasing an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Buying and Selling

In related news, insider Ellyn Shook sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $371.81, for a total value of $1,859,050.00. Following the transaction, the insider now directly owns 20,316 shares in the company, valued at $7,553,691.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Accenture news, insider Ellyn Shook sold 5,000 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $371.81, for a total transaction of $1,859,050.00. Following the transaction, the insider now directly owns 20,316 shares in the company, valued at $7,553,691.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kathleen R. Mcclure sold 851 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $371.77, for a total transaction of $316,376.27. Following the transaction, the chief financial officer now owns 50,737 shares in the company, valued at $18,862,494.49. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,833 shares of company stock worth $13,645,871. Insiders own 0.07% of the company’s stock.

Wall Street Analysts Forecast Growth

ACN has been the topic of a number of recent research reports. Citigroup cut their price target on shares of Accenture from $430.00 to $400.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Mizuho reiterated a “buy” rating and issued a $398.00 target price (down from $426.00) on shares of Accenture in a research note on Friday, March 22nd. UBS Group raised their price target on shares of Accenture from $365.00 to $400.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. Stifel Nicolaus raised their price target on shares of Accenture from $363.00 to $395.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Finally, Morgan Stanley raised their price target on shares of Accenture from $400.00 to $417.00 and gave the stock an “overweight” rating in a research report on Monday, March 18th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $387.00.

Accenture Stock Down 0.0 %

Accenture stock traded down $0.03 during midday trading on Tuesday, reaching $317.39. The stock had a trading volume of 839,407 shares, compared to its average volume of 2,370,730. Accenture plc has a 12 month low of $261.68 and a 12 month high of $387.51. The firm’s 50-day moving average price is $354.21 and its 200 day moving average price is $342.37. The firm has a market capitalization of $212.89 billion, a PE ratio of 28.79, a P/E/G ratio of 3.00 and a beta of 1.19.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.11. Accenture had a return on equity of 28.30% and a net margin of 10.89%. The business had revenue of $15.80 billion for the quarter, compared to analysts’ expectations of $15.85 billion. During the same period in the previous year, the business posted $2.69 EPS. The firm’s quarterly revenue was down .1% compared to the same quarter last year. Equities research analysts expect 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. Investors of record on Thursday, April 11th will be given a $1.29 dividend. This represents a $5.16 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Wednesday, April 10th. Accenture’s dividend payout ratio (DPR) is 46.78%.

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.