965 Shares in Accenture plc (NYSE:ACN) Bought by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC purchased a new stake in Accenture plc (NYSE:ACN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 965 shares of the information technology services provider's stock, valued at approximately $340,000.

A number of other institutional investors also recently made changes to their positions in the company. State Street Corp grew its position in shares of Accenture by 1.8% during the 3rd quarter. State Street Corp now owns 27,400,836 shares of the information technology services provider's stock worth $9,685,648,000 after purchasing an additional 471,792 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Accenture by 378.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,491,736 shares of the information technology services provider's stock worth $1,941,219,000 after buying an additional 4,345,039 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Accenture by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,823,754 shares of the information technology services provider's stock worth $1,705,100,000 after acquiring an additional 56,937 shares during the period. Swedbank AB raised its holdings in Accenture by 16.6% in the 3rd quarter. Swedbank AB now owns 2,551,679 shares of the information technology services provider's stock valued at $901,967,000 after acquiring an additional 363,401 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of Accenture by 1.5% during the 3rd quarter. Stifel Financial Corp now owns 1,892,409 shares of the information technology services provider's stock worth $668,974,000 after purchasing an additional 28,491 shares in the last quarter. Institutional investors own 75.14% of the company's stock.

Accenture Trading Up 1.7 %

Shares of ACN stock traded up $6.36 during mid-day trading on Thursday, hitting $380.78. The company's stock had a trading volume of 2,218,531 shares, compared to its average volume of 2,751,011. Accenture plc has a 52 week low of $278.69 and a 52 week high of $387.51. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. The company's fifty day simple moving average is $358.63 and its 200-day simple moving average is $349.20. The company has a market cap of $238.29 billion, a PE ratio of 31.94, a P/E/G ratio of 3.20 and a beta of 1.24.

Accenture (NYSE:ACN - Get Free Report) last issued its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.16. The firm had revenue of $17.69 billion for the quarter, compared to analyst estimates of $17.15 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The company's revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.27 earnings per share. As a group, equities research analysts expect that Accenture plc will post 12.69 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 16th will be given a dividend of $1.48 per share. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.55%. Accenture's dividend payout ratio (DPR) is presently 49.66%.

Insider Activity at Accenture

In related news, General Counsel Joel Unruch sold 4,750 shares of the firm's stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $362.78, for a total value of $1,723,205.00. Following the transaction, the general counsel now owns 20,526 shares of the company's stock, valued at approximately $7,446,422.28. This trade represents a 18.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryoji Sekido sold 3,191 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $343.70, for a total value of $1,096,746.70. Following the completion of the sale, the chief executive officer now directly owns 6 shares of the company's stock, valued at approximately $2,062.20. This trade represents a 99.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,446 shares of company stock valued at $5,852,848 in the last three months. Corporate insiders own 0.02% of the company's stock.

Analysts Set New Price Targets

ACN has been the subject of several analyst reports. StockNews.com upgraded shares of Accenture from a "hold" rating to a "buy" rating in a research report on Monday, January 13th. Piper Sandler upped their target price on Accenture from $422.00 to $429.00 and gave the stock an "overweight" rating in a research note on Thursday, December 19th. BMO Capital Markets lifted their price target on Accenture from $390.00 to $425.00 and gave the company a "market perform" rating in a research note on Friday, December 20th. JPMorgan Chase & Co. upped their price objective on Accenture from $370.00 to $396.00 and gave the stock an "overweight" rating in a research report on Monday, December 16th. Finally, BNP Paribas downgraded Accenture from an "outperform" rating to a "neutral" rating and set a $375.00 target price for the company. in a research note on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat, Accenture has a consensus rating of "Moderate Buy" and a consensus price target of $383.74.

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.