Accenture plc (NYSE:ACN) Shares Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC raised its position in Accenture plc (NYSE:ACN) by 81.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 31,070 shares of the information technology services provider’s stock after buying an additional 13,973 shares during the quarter. Apollon Wealth Management LLC’s holdings in Accenture were worth $10,903,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in ACN. Brave Asset Management Inc. grew its holdings in shares of Accenture by 2.8% during the 4th quarter. Brave Asset Management Inc. now owns 1,028 shares of the information technology services provider’s stock valued at $361,000 after acquiring an additional 28 shares in the last quarter. Addison Advisors LLC grew its stake in Accenture by 0.9% in the fourth quarter. Addison Advisors LLC now owns 3,181 shares of the information technology services provider’s stock valued at $1,116,000 after purchasing an additional 28 shares in the last quarter. Searle & CO. raised its stake in shares of Accenture by 3.6% during the 4th quarter. Searle & CO. now owns 803 shares of the information technology services provider’s stock worth $282,000 after purchasing an additional 28 shares in the last quarter. KMG Fiduciary Partners LLC grew its stake in shares of Accenture by 4.0% in the 4th quarter. KMG Fiduciary Partners LLC now owns 760 shares of the information technology services provider’s stock valued at $267,000 after buying an additional 29 shares in the last quarter. Finally, Carr Financial Group Corp increased its holdings in Accenture by 2.4% in the fourth quarter. Carr Financial Group Corp now owns 1,245 shares of the information technology services provider’s stock worth $437,000 after buying an additional 29 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Price Performance

Shares of ACN stock traded up $4.60 during trading hours on Tuesday, reaching $310.66. 2,483,561 shares of the company were exchanged, compared to its average volume of 2,501,316. The stock’s fifty day moving average is $341.52 and its two-hundred day moving average is $342.26. The company has a market cap of $208.37 billion, a price-to-earnings ratio of 28.15, a P/E/G 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.

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

Accenture Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 11th will be paid a dividend of $1.29 per share. The ex-dividend date is Wednesday, April 10th. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.66%. Accenture’s dividend payout ratio (DPR) is presently 46.78%.

Insider Transactions at Accenture

In other Accenture news, COO John F. Walsh sold 8,000 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of $332.13, for a total value of $2,657,040.00. Following the sale, the chief operating officer now directly owns 17,877 shares in the company, valued at $5,937,488.01. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other 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 transaction of $1,536,100.00. Following the completion of the sale, the insider now owns 13,699 shares of the company’s stock, valued at $4,208,606.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO John F. Walsh sold 8,000 shares of Accenture stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $332.13, for a total value of $2,657,040.00. Following the completion of the sale, the chief operating officer now directly owns 17,877 shares in the company, valued at approximately $5,937,488.01. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,083 shares of company stock worth $8,959,325. 0.07% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. StockNews.com lowered shares of Accenture from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Morgan Stanley upped their price target on Accenture from $400.00 to $417.00 and gave the stock an “overweight” rating in a research note on Monday, March 18th. BMO Capital Markets reduced their target price on Accenture from $385.00 to $375.00 and set a “market perform” rating for the company in a report on Friday, March 22nd. Guggenheim assumed coverage on Accenture in a report on Tuesday, March 19th. They set a “buy” rating and a $425.00 price target on the stock. Finally, BNP Paribas raised shares of Accenture from a “neutral” rating to an “outperform” rating and set a $440.00 price objective for the company in a report on Wednesday, January 17th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $387.00.

About Accenture

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.