AllGen Financial Advisors Inc. Has $3.28 Million Stake in Accenture plc (NYSE:ACN)

AllGen Financial Advisors Inc. lessened its holdings in shares of Accenture plc (NYSE:ACN) by 0.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 9,334 shares of the information technology services provider’s stock after selling 84 shares during the period. Accenture comprises 1.7% of AllGen Financial Advisors Inc.’s portfolio, making the stock its 15th largest holding. AllGen Financial Advisors Inc.’s holdings in Accenture were worth $3,275,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Chilton Capital Management LLC increased its stake in shares of Accenture by 180.0% in the 4th quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock valued at $25,000 after buying an additional 45 shares during the period. DiNuzzo Private Wealth Inc. bought a new stake in Accenture during the 4th quarter worth about $27,000. BluePath Capital Management LLC acquired a new position in Accenture during the 3rd quarter valued at about $31,000. Halpern Financial Inc. bought a new position in shares of Accenture in the 4th quarter valued at about $31,000. Finally, Valued Wealth Advisors LLC acquired a new stake in shares of Accenture during the 4th quarter worth approximately $50,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. UBS Group raised their price objective on shares of Accenture from $365.00 to $400.00 and gave the company a “neutral” rating in a research note on Thursday, January 25th. TD Cowen decreased their price objective on Accenture from $363.00 to $350.00 and set a “market perform” rating for the company in a research note on Friday, March 22nd. Bank of America increased their target price on Accenture from $379.00 to $419.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Royal Bank of Canada upped their target price on shares of Accenture from $374.00 to $381.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Finally, Citigroup decreased their price target on shares of Accenture from $430.00 to $400.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $387.00.

Accenture Trading Up 1.1 %

Shares of NYSE ACN traded up $3.37 during midday trading on Friday, reaching $303.71. The company’s stock had a trading volume of 2,767,141 shares, compared to its average volume of 3,150,080. The stock has a market capitalization of $203.71 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 2.88 and a beta of 1.21. Accenture plc has a fifty-two week low of $261.68 and a fifty-two week high of $387.51. The stock has a 50 day simple moving average of $342.95 and a 200-day simple moving average of $342.23.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.11. Accenture had a return on equity of 28.30% and a net margin of 10.89%. The company had revenue of $15.80 billion during the quarter, compared to analysts’ expectations of $15.85 billion. During the same quarter last year, the company earned $2.69 EPS. Accenture’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, equities analysts anticipate that Accenture plc will post 12.09 EPS for the current year.

Accenture Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 11th will be paid a $1.29 dividend. The ex-dividend date is Wednesday, April 10th. This represents a $5.16 annualized dividend and a dividend yield of 1.70%. Accenture’s dividend payout ratio is presently 46.78%.

Insider Buying and Selling

In other Accenture news, insider Ellyn Shook sold 5,000 shares of the stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $307.22, for a total value of $1,536,100.00. Following the completion of the sale, the insider now owns 13,699 shares in the company, valued at $4,208,606.78. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, General Counsel Joel Unruch sold 4,333 shares of the stock in a transaction on Friday, April 19th. The stock was sold at an average price of $316.12, for a total value of $1,369,747.96. Following the sale, the general counsel now owns 30,702 shares in the company, valued at approximately $9,705,516.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction on 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 directly owns 13,699 shares of the company’s stock, valued at $4,208,606.78. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,639 shares of company stock worth $10,276,287. Insiders own 0.07% of the company’s stock.

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.