My Legacy Advisors LLC Sells 78 Shares of Accenture plc (NYSE:ACN)

My Legacy Advisors LLC cut its stake in shares of Accenture plc (NYSE:ACNFree Report) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,850 shares of the information technology services provider’s stock after selling 78 shares during the quarter. My Legacy Advisors LLC’s holdings in Accenture were worth $1,340,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ACN. First Foundation Advisors boosted its stake in Accenture by 6.8% in the 2nd quarter. First Foundation Advisors now owns 11,574 shares of the information technology services provider’s stock worth $3,572,000 after purchasing an additional 741 shares during the period. BOKF NA raised its holdings in Accenture by 0.6% during the 2nd quarter. BOKF NA now owns 45,759 shares of the information technology services provider’s stock valued at $14,120,000 after buying an additional 276 shares during the period. New Republic Capital LLC purchased a new stake in Accenture during the 2nd quarter valued at $606,000. Ameriprise Financial Inc. raised its holdings in Accenture by 2.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,284,770 shares of the information technology services provider’s stock valued at $1,315,832,000 after buying an additional 96,414 shares during the period. Finally, Dash Acquisitions Inc. raised its holdings in Accenture by 1.0% during the 3rd quarter. Dash Acquisitions Inc. now owns 34,043 shares of the information technology services provider’s stock valued at $10,361,000 after buying an additional 330 shares during the period. 70.42% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Jean-Marc Ollagnier sold 6,250 shares of Accenture stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $362.77, for a total value of $2,267,312.50. Following the sale, the chief executive officer now directly owns 167,831 shares of the company’s stock, valued at $60,884,051.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Accenture news, CEO Manish Sharma sold 1,486 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $370.39, for a total transaction of $550,399.54. Following the transaction, the chief executive officer now owns 4,503 shares of the company’s stock, valued at $1,667,866.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jean-Marc Ollagnier sold 6,250 shares of Accenture stock in a transaction on Friday, January 19th. The shares were sold at an average price of $362.77, for a total value of $2,267,312.50. Following the completion of the sale, the chief executive officer now owns 167,831 shares in the company, valued at approximately $60,884,051.87. The disclosure for this sale can be found here. Insiders sold 26,000 shares of company stock worth $9,549,498 over the last three months. 0.07% of the stock is currently owned by corporate insiders.

Accenture Price Performance

NYSE ACN traded down $35.52 during trading on Thursday, hitting $344.92. The company’s stock had a trading volume of 9,571,953 shares, compared to its average volume of 2,131,094. The company has a market cap of $216.37 billion, a PE ratio of 31.98, a P/E/G ratio of 3.51 and a beta of 1.20. The business’s 50 day simple moving average is $370.63 and its 200-day simple moving average is $339.96. Accenture plc has a fifty-two week low of $253.03 and a fifty-two week high of $387.51.

Accenture (NYSE:ACNGet Free Report) last issued its quarterly earnings results on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.11. The business had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $15.85 billion. Accenture had a return on equity of 29.08% and a net margin of 10.65%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the company earned $2.69 earnings per share. Analysts expect that Accenture plc will post 12.2 EPS for the current fiscal year.

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 11th will be given a dividend of $1.29 per share. This represents a $5.16 annualized dividend and a yield of 1.50%. Accenture’s dividend payout ratio is currently 47.82%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ACN shares. Morgan Stanley increased their price target on Accenture from $400.00 to $417.00 and gave the company an “overweight” rating in a report on Monday. BMO Capital Markets increased their target price on Accenture from $350.00 to $385.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 20th. UBS Group increased their target price on Accenture from $365.00 to $400.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. Guggenheim initiated coverage on Accenture in a research note on Tuesday. They issued a “buy” rating and a $425.00 target price on the stock. Finally, Piper Sandler raised their price target on Accenture from $335.00 to $394.00 and gave the company a “neutral” rating in a research note on Monday. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Accenture presently has a consensus rating of “Moderate Buy” and an average target price of $383.27.

View Our Latest Stock Report on Accenture

About Accenture

(Free Report)

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.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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