EP Wealth Advisors LLC Has $9.47 Million Stock Holdings in Accenture plc (NYSE:ACN)

EP Wealth Advisors LLC increased its stake in shares of Accenture plc (NYSE:ACN) by 1.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,973 shares of the information technology services provider’s stock after acquiring an additional 449 shares during the period. EP Wealth Advisors LLC’s holdings in Accenture were worth $9,465,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ACN. Syon Capital LLC grew its stake in Accenture by 59.9% in the 4th quarter. Syon Capital LLC now owns 7,051 shares of the information technology services provider’s stock valued at $2,474,000 after buying an additional 2,640 shares during the last quarter. Cim LLC bought a new stake in Accenture in the 4th quarter valued at $2,315,000. Sierra Summit Advisors LLC acquired a new position in Accenture in the 4th quarter valued at $869,000. Scarborough Advisors LLC acquired a new stake in shares of Accenture during the fourth quarter worth $1,159,000. Finally, Raleigh Capital Management Inc. grew its stake in shares of Accenture by 11.1% in the fourth quarter. Raleigh Capital Management Inc. now owns 1,347 shares of the information technology services provider’s stock valued at $473,000 after acquiring an additional 135 shares in the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ACN has been the subject of a number of recent analyst reports. Mizuho reaffirmed 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. BMO Capital Markets dropped their target price on shares of Accenture from $385.00 to $375.00 and set a “market perform” rating for the company in a report on Friday, March 22nd. Guggenheim reiterated a “buy” rating and set a $395.00 price objective on shares of Accenture in a research report on Friday, May 24th. Royal Bank of Canada raised their target price on shares of Accenture from $374.00 to $381.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Finally, Susquehanna reiterated a “neutral” rating and issued a $360.00 price target (down from $400.00) on shares of Accenture in a research note on Thursday, March 21st. Ten equities 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $367.50.

Insider Activity

In other news, CEO Jean-Marc Ollagnier sold 6,250 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $51,045,053.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Jean-Marc Ollagnier sold 6,250 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 161,581 shares in the company, valued at $51,045,053.71. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kathleen R. Mcclure sold 4,500 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $316.00, for a total transaction of $1,422,000.00. Following the completion of the transaction, the chief financial officer now directly owns 42,781 shares in the company, valued at $13,518,796. The disclosure for this sale can be found here. Insiders sold 28,083 shares of company stock worth $8,959,325 over the last three months. 0.07% of the stock is currently owned by insiders.

Accenture Price Performance

Shares of Accenture stock traded up $4.39 during trading on Friday, reaching $286.71. 2,966,211 shares of the company traded hands, compared to its average volume of 3,117,430. The firm has a market capitalization of $192.31 billion, a PE ratio of 25.99, a P/E/G ratio of 3.12 and a beta of 1.21. Accenture plc has a 1-year low of $278.69 and a 1-year high of $387.51. The company has a 50 day moving average price of $304.35 and a 200-day moving average price of $338.71.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.11. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The firm had revenue of $15.80 billion for the quarter, compared to analyst estimates of $15.85 billion. During the same quarter in the prior year, the business earned $2.69 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. Equities research analysts expect that Accenture plc will post 12.08 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. Shareholders of record on Thursday, April 11th were issued a dividend of $1.29 per share. The ex-dividend date was Wednesday, April 10th. This represents a $5.16 annualized dividend and a yield of 1.80%. 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.