Accenture plc (NYSE:ACN) Shares Purchased by Syon Capital LLC

Syon Capital LLC raised its position in shares of Accenture plc (NYSE:ACN) by 60.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,059 shares of the information technology services provider’s stock after buying an additional 2,648 shares during the quarter. Syon Capital LLC’s holdings in Accenture were worth $2,477,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Chilton Capital Management LLC grew its holdings in shares of Accenture by 180.0% during the fourth quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 45 shares during the last quarter. BluePath Capital Management LLC bought a new position in shares of Accenture during the third quarter valued at approximately $31,000. Halpern Financial Inc. bought a new position in shares of Accenture during the fourth quarter valued at approximately $31,000. Valued Wealth Advisors LLC bought a new position in shares of Accenture during the fourth quarter valued at approximately $50,000. Finally, Valley National Advisers Inc. grew its holdings in shares of Accenture by 40.3% during the third quarter. Valley National Advisers Inc. now owns 167 shares of the information technology services provider’s stock valued at $51,000 after purchasing an additional 48 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on ACN. Robert W. Baird increased their price objective on Accenture from $364.00 to $375.00 and gave the stock a “neutral” rating in a report on Thursday, March 7th. Bank of America increased their price target on Accenture from $379.00 to $419.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Guggenheim assumed coverage on Accenture in a research report on Tuesday, March 19th. They set a “buy” rating and a $425.00 price objective for the company. Susquehanna reiterated a “neutral” rating and set a $360.00 price objective (down previously from $400.00) on shares of Accenture in a research report on Thursday, March 21st. Finally, Mizuho reiterated a “buy” rating and set a $398.00 price objective (down previously from $426.00) on shares of Accenture in a research report on Friday, March 22nd. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Accenture presently has an average rating of “Moderate Buy” and an average price target of $387.00.

Accenture Trading Down 0.3 %

Accenture stock traded down $0.99 during mid-day trading on Friday, hitting $308.01. 3,367,934 shares of the company’s stock were exchanged, compared to its average volume of 2,435,239. The stock has a market cap of $206.59 billion, a P/E ratio of 28.00, a P/E/G ratio of 2.97 and a beta of 1.19. Accenture plc has a 1-year low of $261.68 and a 1-year high of $387.51. The stock has a 50 day moving average of $350.89 and a two-hundred day moving average of $341.97.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, March 21st. The information technology services provider reported $2.77 EPS for the quarter, topping the consensus estimate of $2.66 by $0.11. The firm had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $15.85 billion. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $2.69 earnings per share. As a group, research analysts predict that Accenture plc will post 12.09 EPS for the current fiscal year.

Accenture Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th will be given a $1.29 dividend. This represents a $5.16 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Wednesday, April 10th. Accenture’s dividend payout ratio is currently 46.78%.

Insider Activity

In other news, insider Ellyn Shook sold 5,000 shares of the firm’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $307.22, for a total value of $1,536,100.00. Following the sale, the insider now directly owns 13,699 shares of the company’s stock, valued at $4,208,606.78. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Accenture news, CEO Jean-Marc Ollagnier sold 6,250 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $315.91, for a total transaction of $1,974,437.50. Following the completion of the transaction, the chief executive officer now owns 161,581 shares in the company, valued at $51,045,053.71. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ellyn Shook sold 5,000 shares of the firm’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the transaction, the insider now owns 13,699 shares of the company’s stock, valued at approximately $4,208,606.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,490 shares of company stock valued at $10,592,664. 0.07% of the stock is owned by insiders.

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.