Axxcess Wealth Management LLC Buys 7,135 Shares of Accenture plc (NYSE:ACN)

Axxcess Wealth Management LLC raised its stake in Accenture plc (NYSE:ACN) by 50.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,404 shares of the information technology services provider’s stock after acquiring an additional 7,135 shares during the period. Axxcess Wealth Management LLC’s holdings in Accenture were worth $7,511,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Brave Asset Management Inc. increased its position in Accenture by 2.8% during the fourth 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 during the period. Addison Advisors LLC lifted its holdings in shares of Accenture by 0.9% during the fourth quarter. Addison Advisors LLC now owns 3,181 shares of the information technology services provider’s stock worth $1,116,000 after purchasing an additional 28 shares during the period. Searle & CO. increased its stake in Accenture by 3.6% in the 4th quarter. Searle & CO. now owns 803 shares of the information technology services provider’s stock valued at $282,000 after buying an additional 28 shares during the period. KMG Fiduciary Partners LLC raised its position in Accenture by 4.0% during 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 during the last quarter. Finally, Carr Financial Group Corp boosted its holdings in shares of Accenture by 2.4% in the fourth quarter. Carr Financial Group Corp now owns 1,245 shares of the information technology services provider’s stock valued at $437,000 after acquiring an additional 29 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors.

Insider Transactions at Accenture

In other news, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction dated 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 transaction, the insider now owns 13,699 shares of the company’s stock, valued at approximately $4,208,606.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, General Counsel Joel Unruch sold 4,333 shares of the company’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $316.12, for a total transaction of $1,369,747.96. Following the completion of the sale, the general counsel now owns 30,702 shares of the company’s stock, valued at $9,705,516.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ellyn Shook sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the sale, the insider now directly owns 13,699 shares of the company’s stock, valued at approximately $4,208,606.78. The disclosure for this sale can be found here. Insiders sold a total of 31,639 shares of company stock worth $10,276,287 in the last three months. Insiders own 0.07% of the company’s stock.

Accenture Trading Up 1.1 %

NYSE:ACN traded up $3.37 during midday trading on Friday, hitting $303.71. 2,767,141 shares of the stock were exchanged, compared to its average volume of 3,150,080. The company has a market capitalization of $203.71 billion, a price-to-earnings ratio of 27.53, a P/E/G ratio of 2.88 and a beta of 1.21. Accenture plc has a one year low of $261.68 and a one year high of $387.51. The business has a 50-day moving average price of $342.95 and a two-hundred day moving average price of $341.73.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.11. The firm had revenue of $15.80 billion for the quarter, compared to analyst estimates of $15.85 billion. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.69 earnings per share. Sell-side analysts forecast that Accenture plc will post 12.09 EPS for the current fiscal year.

Accenture Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th will be paid a $1.29 dividend. This represents a $5.16 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Wednesday, April 10th. Accenture’s dividend payout ratio (DPR) is presently 46.78%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Guggenheim initiated coverage on Accenture in a research note on Tuesday, March 19th. They issued a “buy” rating and a $425.00 price target on the stock. Stifel Nicolaus raised their price target on Accenture from $363.00 to $395.00 and gave the company a “buy” rating in a research report on Monday, March 18th. TD Cowen lowered their price target on shares of Accenture from $363.00 to $350.00 and set a “market perform” rating on the stock in a research report on Friday, March 22nd. UBS Group lifted their price objective on Accenture from $365.00 to $400.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. Finally, Robert W. Baird increased their target price on Accenture from $364.00 to $375.00 and gave the stock a “neutral” rating in a research report on Thursday, March 7th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $387.00.

Accenture Company 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.