Syon Capital LLC Purchases 2,640 Shares of Accenture plc (NYSE:ACN)

Syon Capital LLC boosted its position in shares of Accenture plc (NYSE:ACN) by 59.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,051 shares of the information technology services provider’s stock after acquiring an additional 2,640 shares during the period. Syon Capital LLC’s holdings in Accenture were worth $2,474,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. McKinley Carter Wealth Services Inc. grew its stake in shares of Accenture by 7.4% in the 4th quarter. McKinley Carter Wealth Services Inc. now owns 29,204 shares of the information technology services provider’s stock valued at $10,248,000 after purchasing an additional 2,008 shares during the period. TrinityPoint Wealth LLC grew its stake in shares of Accenture by 3.6% in the 4th quarter. TrinityPoint Wealth LLC now owns 3,646 shares of the information technology services provider’s stock valued at $1,279,000 after purchasing an additional 125 shares during the period. Buckingham Capital Management Inc. grew its stake in shares of Accenture by 3.4% in the 4th quarter. Buckingham Capital Management Inc. now owns 27,559 shares of the information technology services provider’s stock valued at $9,671,000 after purchasing an additional 900 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Accenture by 2.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,284,770 shares of the information technology services provider’s stock valued at $1,315,832,000 after purchasing an additional 96,414 shares during the period. Finally, Redwood Investments LLC grew its position in Accenture by 8.3% during the 4th quarter. Redwood Investments LLC now owns 20,227 shares of the information technology services provider’s stock worth $7,098,000 after acquiring an additional 1,542 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on ACN shares. Piper Sandler increased their price target on Accenture from $335.00 to $394.00 and gave the stock a “neutral” rating in a research report on Monday, March 18th. Wedbush decreased their price target on Accenture from $400.00 to $350.00 and set an “outperform” rating on the stock in a research report on Wednesday. Redburn Atlantic increased their price target on Accenture from $410.00 to $445.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. TD Cowen decreased their price target on Accenture from $350.00 to $294.00 and set a “hold” rating on the stock in a research report on Tuesday, June 11th. Finally, Bank of America reduced their price objective on Accenture from $419.00 to $365.00 and set a “buy” rating on the stock in a report on Wednesday, June 5th. Ten analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $367.50.

Accenture Stock Up 1.6 %

Accenture stock traded up $4.39 during mid-day trading on Friday, hitting $286.71. 2,966,211 shares of the company’s stock were exchanged, compared to its average volume of 3,117,430. The firm has a market capitalization of $192.31 billion, a P/E ratio of 25.99, a PEG ratio of 3.12 and a beta of 1.21. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week high of $387.51. The company’s 50 day simple moving average is $304.35 and its 200-day simple moving average is $338.71.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 EPS for the quarter, topping the consensus estimate of $2.66 by $0.11. The business had revenue of $15.80 billion for 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%. The firm’s revenue was down .1% compared to the same quarter last year. During the same quarter last year, the business posted $2.69 EPS. Research analysts expect that Accenture plc will post 12.08 EPS 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 paid a dividend of $1.29 per share. This represents a $5.16 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Wednesday, April 10th. Accenture’s payout ratio is presently 46.78%.

Insiders Place Their Bets

In other Accenture news, COO John F. Walsh sold 8,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief operating officer now owns 17,877 shares in the company, valued at approximately $5,937,488.01. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Ellyn Shook sold 5,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now owns 13,699 shares in the company, valued at approximately $4,208,606.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO John F. Walsh sold 8,000 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $332.13, for a total value of $2,657,040.00. Following the completion of the transaction, the chief operating officer now owns 17,877 shares of the company’s stock, 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. Corporate insiders own 0.07% of the company’s stock.

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.