Delta Asset Management LLC TN Has $13.55 Million Stock Position in Accenture plc (NYSE:ACN)

Delta Asset Management LLC TN boosted its stake in Accenture plc (NYSE:ACN) by 0.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,607 shares of the information technology services provider’s stock after purchasing an additional 65 shares during the quarter. Accenture comprises about 1.3% of Delta Asset Management LLC TN’s investment portfolio, making the stock its 23rd largest holding. Delta Asset Management LLC TN’s holdings in Accenture were worth $13,548,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Chilton Capital Management LLC lifted its holdings in Accenture by 180.0% during the fourth quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 45 shares in the last quarter. DiNuzzo Private Wealth Inc. bought a new stake in shares of Accenture in the 4th quarter valued at about $27,000. Halpern Financial Inc. bought a new position in Accenture during the fourth quarter worth about $31,000. Laffer Tengler Investments Inc. increased its position in Accenture by 142.9% during the fourth quarter. Laffer Tengler Investments Inc. now owns 102 shares of the information technology services provider’s stock worth $36,000 after buying an additional 60 shares during the last quarter. Finally, Private Wealth Management Group LLC bought a new stake in Accenture in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ACN shares. UBS Group upped their target price on Accenture from $365.00 to $400.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. Susquehanna reissued a “neutral” rating and set a $360.00 price target (down from $400.00) on shares of Accenture in a research note on Thursday, March 21st. StockNews.com lowered shares of Accenture from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. Piper Sandler boosted 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. Finally, Mizuho reiterated a “buy” rating and set a $398.00 price target (down previously from $426.00) on shares of Accenture in a report on Friday, March 22nd. Nine analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $381.67.

Insider Transactions at Accenture

In other news, CEO Jean-Marc Ollagnier sold 6,250 shares of the firm’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 transaction, the chief executive officer now owns 161,581 shares of the company’s stock, valued at $51,045,053.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, General Counsel Joel Unruch sold 4,333 shares of the business’s 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 transaction, the general counsel now directly owns 30,702 shares of the company’s stock, valued at approximately $9,705,516.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jean-Marc Ollagnier sold 6,250 shares of the stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $315.91, for a total transaction of $1,974,437.50. Following the completion of the transaction, the chief executive officer now directly owns 161,581 shares of the company’s stock, valued at $51,045,053.71. The disclosure for this sale can be found here. Insiders have sold 28,083 shares of company stock worth $8,959,325 in the last quarter. Company insiders own 0.07% of the company’s stock.

Accenture Stock Performance

NYSE:ACN traded up $3.47 during mid-day trading on Wednesday, reaching $307.11. The stock had a trading volume of 2,294,571 shares, compared to its average volume of 2,510,816. Accenture plc has a one year low of $284.90 and a one year high of $387.51. The firm has a 50 day moving average price of $325.68 and a two-hundred day moving average price of $342.99. The stock has a market capitalization of $205.99 billion, a P/E ratio of 27.93, a P/E/G ratio of 2.90 and a beta of 1.21.

Accenture (NYSE:ACN) last released its earnings results on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share 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 company had revenue of $15.80 billion during the quarter, compared to analyst estimates of $15.85 billion. During the same quarter in the previous year, the company posted $2.69 EPS. Accenture’s revenue for the quarter was down .1% on a year-over-year basis. Research analysts forecast that Accenture plc will post 12.09 earnings per share for the current year.

Accenture Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Thursday, April 11th were issued a $1.29 dividend. The ex-dividend date of this dividend was Wednesday, April 10th. This represents a $5.16 annualized dividend and a yield of 1.68%. Accenture’s payout ratio 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.