Accenture plc (NYSE:ACN) Shares Acquired by Truepoint Inc.

Truepoint Inc. boosted its holdings in Accenture plc (NYSE:ACN - Free Report) by 30.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,424 shares of the information technology services provider's stock after purchasing an additional 1,036 shares during the quarter. Truepoint Inc.'s holdings in Accenture were worth $1,556,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Swedbank AB grew its holdings in Accenture by 16.6% during 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 buying an additional 363,401 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Accenture by 24.8% in the third quarter. Meeder Asset Management Inc. now owns 378 shares of the information technology services provider's stock valued at $134,000 after purchasing an additional 75 shares in the last quarter. Prospera Private Wealth LLC increased its position in Accenture by 3.0% in the third quarter. Prospera Private Wealth LLC now owns 1,673 shares of the information technology services provider's stock worth $591,000 after purchasing an additional 48 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Accenture by 1.3% during the third quarter. EverSource Wealth Advisors LLC now owns 4,552 shares of the information technology services provider's stock valued at $1,609,000 after purchasing an additional 59 shares during the last quarter. Finally, Citizens Financial Group Inc. RI grew its stake in shares of Accenture by 0.6% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 43,265 shares of the information technology services provider's stock worth $15,294,000 after buying an additional 239 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company's stock.

Remove Ads

Insider Activity

In other Accenture news, CAO Melissa A. Burgum sold 1,487 shares of Accenture stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $354.54, for a total value of $527,200.98. Following the transaction, the chief accounting officer now directly owns 9,247 shares of the company's stock, valued at approximately $3,278,431.38. The trade was a 13.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Angie Y. Park sold 685 shares of the firm's stock in a transaction 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 directly owns 8,674 shares of the company's stock, valued at $3,073,892.12. The trade was a 7.32 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,905 shares of company stock worth $8,181,753. 0.02% of the stock is currently owned by company insiders.

Accenture Stock Up 0.6 %

NYSE ACN traded up $1.79 on Tuesday, reaching $308.97. 3,889,341 shares of the stock traded hands, compared to its average volume of 2,771,908. Accenture plc has a 12 month low of $278.69 and a 12 month high of $398.35. 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 has a fifty day moving average price of $358.32 and a 200-day moving average price of $357.10. The company has a market cap of $193.35 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 3.23 and a beta of 1.24.

Accenture (NYSE:ACN - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $16.70 billion during the quarter, compared to analyst estimates of $16.64 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The firm's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.77 earnings per share. As a group, research analysts forecast that Accenture plc will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th will be issued a dividend of $1.48 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $5.92 dividend on an annualized basis and a yield of 1.92%. Accenture's dividend payout ratio is currently 48.89%.

Analyst Ratings Changes

Several analysts have recently issued reports on ACN shares. Royal Bank of Canada lowered their price target on shares of Accenture from $399.00 to $392.00 and set an "outperform" rating for the company in a report on Friday. Piper Sandler lowered their price objective on Accenture from $396.00 to $364.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. UBS Group cut their target price on Accenture from $455.00 to $387.00 and set a "buy" rating on the stock in a research report on Friday. BMO Capital Markets lowered their price target on Accenture from $425.00 to $370.00 and set a "market perform" rating for the company in a research report on Tuesday, March 18th. Finally, Stifel Nicolaus reduced their target price on shares of Accenture from $390.00 to $380.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $378.91.

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.