Centric Wealth Management Buys Shares of 1,514 Accenture plc (NYSE:ACN)

Centric Wealth Management bought a new stake in shares of Accenture plc (NYSE:ACN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,514 shares of the information technology services provider’s stock, valued at approximately $561,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Concord Wealth Partners increased its position in shares of Accenture by 113.6% during the 3rd quarter. Concord Wealth Partners now owns 1,835 shares of the information technology services provider’s stock valued at $564,000 after purchasing an additional 976 shares during the last quarter. Lindbrook Capital LLC increased its position in shares of Accenture by 2.7% during the 3rd quarter. Lindbrook Capital LLC now owns 2,836 shares of the information technology services provider’s stock valued at $871,000 after purchasing an additional 74 shares during the last quarter. BluePath Capital Management LLC purchased a new stake in shares of Accenture during the 3rd quarter valued at about $31,000. Castleview Partners LLC increased its position in shares of Accenture by 2.6% during the 3rd quarter. Castleview Partners LLC now owns 2,028 shares of the information technology services provider’s stock valued at $623,000 after purchasing an additional 52 shares during the last quarter. Finally, Cambridge Trust Co. increased its holdings in Accenture by 0.8% in the 3rd quarter. Cambridge Trust Co. now owns 47,617 shares of the information technology services provider’s stock worth $14,624,000 after acquiring an additional 395 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. UBS Group increased their target price on shares of Accenture from $365.00 to $400.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. Redburn Atlantic increased their price objective on shares of Accenture from $410.00 to $445.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. TD Cowen cut their price objective on shares of Accenture from $363.00 to $350.00 and set a “market perform” rating for the company in a report on Friday, March 22nd. Royal Bank of Canada increased their price objective on shares of Accenture from $374.00 to $381.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Finally, Guggenheim started coverage on shares of Accenture in a report on Tuesday, March 19th. They set a “buy” rating and a $425.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $387.00.

Accenture Stock Up 0.7 %

ACN traded up $2.25 during trading on Wednesday, reaching $312.91. The company had a trading volume of 1,264,238 shares, compared to its average volume of 2,486,095. The stock has a market cap of $209.88 billion, a P/E ratio of 28.40, a PEG ratio of 2.88 and a beta of 1.21. The business has a 50 day simple moving average of $340.17 and a 200-day simple moving average of $342.35. Accenture plc has a 52 week low of $261.68 and a 52 week high of $387.51.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.11. The company had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $15.85 billion. Accenture had a return on equity of 28.30% and a net margin of 10.89%. Accenture’s revenue was down .1% on a year-over-year basis. During the same period last year, the company earned $2.69 earnings per share. As a group, equities research analysts expect that Accenture plc will post 12.09 EPS for the current fiscal year.

Accenture Dividend Announcement

The business also recently declared 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. The ex-dividend date is Wednesday, April 10th. This represents a $5.16 dividend on an annualized basis and a yield of 1.65%. Accenture’s dividend payout ratio is presently 46.78%.

Insider Buying and Selling

In other Accenture news, insider Ellyn Shook sold 5,000 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $307.22, for a total value of $1,536,100.00. Following the sale, the insider now owns 13,699 shares in the company, valued at $4,208,606.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Accenture news, insider Ellyn Shook sold 5,000 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $307.22, for a total value of $1,536,100.00. Following the sale, the insider now owns 13,699 shares in the company, valued at $4,208,606.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, General Counsel Joel Unruch sold 4,333 shares of the stock in a transaction on Friday, April 19th. The stock was sold at an average price of $316.12, for a total value of $1,369,747.96. Following the completion of the sale, the general counsel now owns 30,702 shares in the company, valued at approximately $9,705,516.24. The disclosure for this sale can be found here. Insiders sold a total of 28,083 shares of company stock worth $8,959,325 over the last three months. 0.07% of the stock is owned by insiders.

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.