1,917 Shares in Accenture plc (NYSE:ACN) Bought by US Asset Management LLC

US Asset Management LLC purchased a new stake in Accenture plc (NYSE:ACN) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,917 shares of the information technology services provider’s stock, valued at approximately $673,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Chilton Capital Management LLC lifted its position in shares of Accenture by 180.0% in the fourth quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 45 shares in the last quarter. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Accenture during the 4th quarter valued at $27,000. BluePath Capital Management LLC acquired a new position in shares of Accenture in the third quarter worth $31,000. Halpern Financial Inc. acquired a new stake in Accenture during the fourth quarter valued at $31,000. Finally, Valued Wealth Advisors LLC purchased a new position in Accenture in the fourth quarter valued at about $50,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Buying and Selling at Accenture

In other Accenture news, COO John F. Walsh sold 8,000 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $332.13, for a total transaction of $2,657,040.00. Following the transaction, the chief operating officer now owns 17,877 shares of the company’s stock, valued at approximately $5,937,488.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Jean-Marc Ollagnier sold 6,250 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $315.91, for a total value of $1,974,437.50. Following the completion of the sale, the chief executive officer now owns 161,581 shares in the company, valued at $51,045,053.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO John F. Walsh sold 8,000 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $332.13, for a total value of $2,657,040.00. Following the transaction, the chief operating officer now owns 17,877 shares in the company, valued at approximately $5,937,488.01. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,083 shares of company stock worth $8,959,325. 0.07% of the stock is currently owned by corporate insiders.

Accenture Stock Up 0.1 %

ACN traded up $0.43 during midday trading on Friday, reaching $307.04. 726,131 shares of the company’s stock were exchanged, compared to its average volume of 2,487,076. The firm has a market capitalization of $205.94 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 2.88 and a beta of 1.21. The business has a 50-day simple moving average of $337.50 and a two-hundred day simple moving average of $341.89. Accenture plc has a one year low of $268.18 and a one year high of $387.51.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share 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 analysts’ expectations of $15.85 billion. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.69 earnings per share. As a group, research analysts anticipate that Accenture plc will post 12.09 EPS for the current fiscal year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th will be issued a dividend of $1.29 per share. This represents a $5.16 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, April 10th. Accenture’s dividend payout ratio is currently 46.78%.

Analyst Ratings Changes

Several brokerages recently commented on ACN. TD Cowen lowered their price target on Accenture from $363.00 to $350.00 and set a “market perform” rating for the company in a research note on Friday, March 22nd. Bank of America lifted their price objective on shares of Accenture from $379.00 to $419.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Robert W. Baird raised their target price on Accenture from $364.00 to $375.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. Guggenheim started coverage on Accenture in a research report on Tuesday, March 19th. They set a “buy” rating and a $425.00 target price for the company. Finally, Piper Sandler lifted their target price on shares of Accenture from $335.00 to $394.00 and gave the stock a “neutral” rating in a report on Monday, March 18th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $387.00.

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.