Congress Wealth Management LLC DE Buys 2,366 Shares of Accenture plc (NYSE:ACN)

Congress Wealth Management LLC DE boosted its position in shares of Accenture plc (NYSE:ACN - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,332 shares of the information technology services provider's stock after purchasing an additional 2,366 shares during the period. Congress Wealth Management LLC DE's holdings in Accenture were worth $17,706,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Baldwin Wealth Partners LLC MA lifted its stake in Accenture by 6.5% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 63,429 shares of the information technology services provider's stock worth $22,314,000 after purchasing an additional 3,883 shares during the last quarter. Davidson Trust Co. boosted its holdings in shares of Accenture by 7.4% in the 4th quarter. Davidson Trust Co. now owns 2,307 shares of the information technology services provider's stock valued at $812,000 after buying an additional 158 shares during the period. Franklin Street Advisors Inc. NC raised its stake in Accenture by 126.8% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 40,051 shares of the information technology services provider's stock worth $14,090,000 after acquiring an additional 22,391 shares during the period. China Universal Asset Management Co. Ltd. boosted its stake in Accenture by 37.5% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 3,094 shares of the information technology services provider's stock valued at $1,088,000 after acquiring an additional 843 shares during the period. Finally, SteelPeak Wealth LLC grew its holdings in shares of Accenture by 127.1% during the fourth quarter. SteelPeak Wealth LLC now owns 2,323 shares of the information technology services provider's stock valued at $817,000 after purchasing an additional 1,300 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company's stock.

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Insider Transactions at Accenture

In related news, CAO Melissa A. Burgum sold 1,487 shares of Accenture stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $354.54, for a total transaction of $527,200.98. Following the completion of the sale, the chief accounting officer now owns 9,247 shares of the company's stock, valued at approximately $3,278,431.38. This trade represents a 13.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Julie Spellman Sweet sold 2,497 shares of the company's stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $354.48, for a total value of $885,136.56. Following the completion of the transaction, the chief executive officer now directly owns 28,866 shares in the company, valued at approximately $10,232,419.68. The trade was a 7.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,905 shares of company stock valued at $8,181,753 over the last three months. 0.02% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Guggenheim reduced their price objective on Accenture from $400.00 to $395.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Jefferies Financial Group lowered their price target on shares of Accenture from $385.00 to $355.00 and set a "hold" rating for the company in a research report on Tuesday, January 21st. Stifel Nicolaus cut their price objective on shares of Accenture from $390.00 to $380.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. UBS Group dropped their price target on shares of Accenture from $455.00 to $387.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Finally, JPMorgan Chase & Co. boosted 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. Eight investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $378.23.

Accenture Trading Down 0.2 %

Shares of Accenture stock traded down $0.73 during trading on Thursday, hitting $310.43. The stock had a trading volume of 1,116,657 shares, compared to its average volume of 2,759,999. Accenture plc has a 1 year low of $278.69 and a 1 year high of $398.35. The stock has a 50 day simple moving average of $356.77 and a 200 day simple moving average of $356.56. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $194.27 billion, a PE ratio of 26.12, a P/E/G ratio of 3.23 and a beta of 1.24.

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

Accenture Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th will be paid a dividend of $1.48 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $5.92 annualized dividend and a yield of 1.91%. Accenture's dividend payout ratio (DPR) is presently 48.89%.

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.