Integrated Wealth Concepts LLC Has $5.23 Million Stock Holdings in Accenture plc (NYSE:ACN)

Integrated Wealth Concepts LLC grew its position in shares of Accenture plc (NYSE:ACN - Free Report) by 37.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,874 shares of the information technology services provider's stock after purchasing an additional 4,065 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Accenture were worth $5,233,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. increased its position in shares of Accenture by 5.7% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 518 shares of the information technology services provider's stock worth $182,000 after purchasing an additional 28 shares during the last quarter. FPC Investment Advisory Inc. raised its stake in Accenture by 62.2% during the fourth quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider's stock valued at $28,000 after buying an additional 28 shares in the last quarter. New England Professional Planning Group Inc. lifted its holdings in Accenture by 4.6% during the 4th quarter. New England Professional Planning Group Inc. now owns 655 shares of the information technology services provider's stock worth $230,000 after buying an additional 29 shares during the last quarter. Nemes Rush Group LLC grew its position in shares of Accenture by 7.5% in the 4th quarter. Nemes Rush Group LLC now owns 418 shares of the information technology services provider's stock worth $147,000 after acquiring an additional 29 shares in the last quarter. Finally, Neville Rodie & Shaw Inc. increased its holdings in shares of Accenture by 4.3% in the 4th quarter. Neville Rodie & Shaw Inc. now owns 725 shares of the information technology services provider's stock valued at $255,000 after acquiring an additional 30 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Price Performance

NYSE:ACN traded up $5.30 during mid-day trading on Tuesday, reaching $298.55. 3,251,870 shares of the stock were exchanged, compared to its average volume of 2,990,496. Accenture plc has a 1-year low of $275.01 and a 1-year high of $398.35. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $186.99 billion, a PE ratio of 25.05, a PEG ratio of 3.23 and a beta of 1.32. The business has a fifty day moving average price of $314.19 and a 200 day moving average price of $346.55.

Accenture (NYSE:ACN - Get Free Report) last released its earnings results on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, topping analysts' consensus estimates of $2.81 by $0.01. The business 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 business's revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.77 EPS. Research analysts expect that Accenture plc will post 12.73 earnings per share for the current fiscal year.

Accenture Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th will be issued a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, April 10th. Accenture's dividend payout ratio is 48.89%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ACN. Stifel Nicolaus lowered their target price on shares of Accenture from $390.00 to $380.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. StockNews.com lowered shares of Accenture from a "buy" rating to a "hold" rating in a research note on Tuesday, March 11th. Mizuho lowered their target price on Accenture from $428.00 to $398.00 and set an "outperform" rating for the company in a report on Wednesday, March 19th. Jefferies Financial Group cut their price target on Accenture from $385.00 to $355.00 and set a "hold" rating on the stock in a report on Tuesday, January 21st. Finally, Morgan Stanley dropped their target price on Accenture from $380.00 to $372.00 and set an "equal weight" rating on the stock in a research report on Monday, March 17th. Eight investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Accenture has an average rating of "Moderate Buy" and an average target price of $377.82.

Insider Activity at Accenture

In other news, CEO Julie Spellman Sweet sold 2,284 shares of Accenture stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $281.63, for a total value of $643,242.92. Following the transaction, the chief executive officer now directly owns 9,965 shares of the company's stock, valued at $2,806,442.95. This trade represents a 18.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Joel Unruch sold 3,563 shares of Accenture stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $281.78, for a total transaction of $1,003,982.14. Following the transaction, the general counsel now owns 17,237 shares in the company, valued at approximately $4,857,041.86. The trade was a 17.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,041 shares of company stock worth $5,254,956 in the last quarter. 0.02% of the stock is owned by company insiders.

About Accenture

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.