Three Seasons Wealth LLC Acquires New Shares in Accenture plc (NYSE:ACN)

Three Seasons Wealth LLC bought a new position in Accenture plc (NYSE:ACN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,736 shares of the information technology services provider's stock, valued at approximately $1,314,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Seven Springs Wealth Group LLC increased its position in shares of Accenture by 5.9% in the 4th quarter. Seven Springs Wealth Group LLC now owns 2,384 shares of the information technology services provider's stock worth $839,000 after purchasing an additional 133 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in shares of Accenture by 37.6% during the 4th quarter. Integrated Wealth Concepts LLC now owns 14,874 shares of the information technology services provider's stock valued at $5,233,000 after buying an additional 4,065 shares during the last quarter. Burling Wealth Partners LLC bought a new stake in shares of Accenture during the 4th quarter valued at about $388,000. Syon Capital LLC grew its position in shares of Accenture by 2.1% during the 4th quarter. Syon Capital LLC now owns 4,715 shares of the information technology services provider's stock valued at $1,659,000 after buying an additional 95 shares during the last quarter. Finally, Coppell Advisory Solutions LLC grew its position in shares of Accenture by 1.9% during the 4th quarter. Coppell Advisory Solutions LLC now owns 6,643 shares of the information technology services provider's stock valued at $2,342,000 after buying an additional 122 shares during the last quarter. Institutional investors own 75.14% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on ACN shares. BMO Capital Markets upped their target price on shares of Accenture to $355.00 and gave the stock a "hold" rating in a research report on Wednesday, March 26th. Royal Bank of Canada decreased their target price on shares of Accenture from $399.00 to $392.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Piper Sandler decreased their target price on shares of Accenture from $364.00 to $355.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Baird R W upgraded shares of Accenture from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Finally, Barclays decreased their target price on shares of Accenture from $415.00 to $390.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. Eight analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $377.82.

Insider Activity at Accenture

In related news, CEO Julie Spellman Sweet sold 8,793 shares of Accenture stock in a transaction on 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 completion of the sale, the chief executive officer now owns 11,858 shares of the company's stock, valued at approximately $4,677,625.26. This trade represents a 42.58 % 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, insider Angela Beatty sold 169 shares of Accenture stock in a transaction on Friday, April 11th. The shares were sold at an average price of $281.90, for a total value of $47,641.10. Following the sale, the insider now directly owns 5,364 shares of the company's stock, valued at approximately $1,512,111.60. The trade was a 3.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,041 shares of company stock worth $5,254,956. 0.02% of the stock is owned by corporate insiders.

Accenture Price Performance

ACN stock traded up $0.12 on Monday, hitting $293.51. 1,864,057 shares of the company's stock traded hands, compared to its average volume of 2,996,369. 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 stock has a market cap of $183.83 billion, a price-to-earnings ratio of 24.62, a P/E/G ratio of 3.23 and a beta of 1.32. Accenture plc has a 1-year low of $275.01 and a 1-year high of $398.35. The stock has a fifty day moving average of $316.14 and a 200-day moving average of $347.02.

Accenture (NYSE:ACN - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, beating the consensus estimate of $2.81 by $0.01. The business had revenue of $16.70 billion during 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 firm's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.77 EPS. On average, analysts forecast that Accenture plc will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 10th will be given a $1.48 dividend. The ex-dividend date is Thursday, April 10th. This represents a $5.92 annualized dividend and a dividend yield of 2.02%. Accenture's dividend payout ratio (DPR) is presently 48.89%.

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.