Advisory Services Network LLC Buys 1,206 Shares of Accenture plc (NYSE:ACN)

Advisory Services Network LLC boosted its holdings in Accenture plc (NYSE:ACN - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,469 shares of the information technology services provider's stock after purchasing an additional 1,206 shares during the quarter. Advisory Services Network LLC's holdings in Accenture were worth $8,256,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ACN. Morse Asset Management Inc acquired a new position in Accenture during the 3rd quarter worth approximately $25,000. FPC Investment Advisory Inc. raised its position in Accenture by 62.2% in the fourth quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider's stock worth $28,000 after acquiring an additional 28 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in Accenture in the fourth quarter valued at $30,000. POM Investment Strategies LLC boosted its position in shares of Accenture by 64.2% during the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider's stock worth $31,000 after purchasing an additional 34 shares in the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Accenture in the 4th quarter valued at about $34,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Stock Up 2.0 %

Accenture stock traded up $5.58 during mid-day trading on Monday, hitting $289.92. The company's stock had a trading volume of 1,376,294 shares, compared to its average volume of 3,461,550. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. Accenture plc has a 52-week low of $275.01 and a 52-week high of $398.35. The firm's 50 day moving average is $336.60 and its 200 day moving average is $352.00. The company has a market cap of $181.59 billion, a PE ratio of 24.32, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32.

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Accenture (NYSE:ACN - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, topping analysts' consensus estimates of $2.81 by $0.01. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The business had revenue of $16.70 billion for the quarter, compared to the consensus estimate of $16.64 billion. During the same period in the prior year, the business posted $2.77 earnings per share. Accenture's revenue for the quarter was up 5.7% compared to the same quarter last year. On average, analysts anticipate that Accenture plc will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 10th will be given a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, April 10th. Accenture's dividend payout ratio (DPR) is currently 48.89%.

Insider Activity at Accenture

In related news, CEO Julie Spellman Sweet sold 8,793 shares of the business's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $394.47, for a total transaction of $3,468,574.71. Following the transaction, the chief executive officer now directly owns 11,858 shares in the company, valued at $4,677,625.26. The trade was a 42.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Angie Y. Park sold 685 shares of the firm's stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $354.38, for a total value of $242,750.30. Following the completion of the sale, the chief financial officer now owns 8,674 shares of the company's stock, valued at $3,073,892.12. This represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,905 shares of company stock worth $8,181,753 in the last ninety days. 0.02% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ACN has been the subject of a number of research analyst reports. Guggenheim dropped their price target on Accenture from $400.00 to $395.00 and set a "buy" rating for the company in a research report on Friday, March 21st. BMO Capital Markets upped their target price on Accenture to $355.00 and gave the company a "hold" rating in a research note on Wednesday, March 26th. Baird R W upgraded shares of Accenture from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. UBS Group dropped their price objective on Accenture from $455.00 to $387.00 and set a "buy" rating for the company in a report on Friday, March 21st. Finally, Stifel Nicolaus dropped their price target on Accenture from $390.00 to $380.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Eight investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $378.23.

Accenture Company 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.