Walden Wealth Partners LLC Buys New Position in Accenture plc (NYSE:ACN)

Walden Wealth Partners LLC bought a new stake in Accenture plc (NYSE:ACNFree Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,663 shares of the information technology services provider’s stock, valued at approximately $3,040,000. Accenture makes up about 1.9% of Walden Wealth Partners LLC’s holdings, making the stock its 13th largest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ACN. Chilton Capital Management LLC lifted its holdings in 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 acquiring an additional 45 shares during the last quarter. DiNuzzo Private Wealth Inc. acquired a new stake in Accenture in the 4th quarter valued at about $27,000. Ables Iannone Moore & Associates Inc. acquired a new stake in Accenture in the 4th quarter valued at about $29,000. Halpern Financial Inc. purchased a new stake in Accenture during the fourth quarter valued at about $31,000. Finally, Pineridge Advisors LLC purchased a new stake in Accenture during the fourth quarter valued at about $35,000. Institutional investors own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Accenture from a “buy” rating to a “hold” rating and reduced their price objective for the company from $409.00 to $295.00 in a research note on Wednesday, May 15th. BMO Capital Markets reduced their price objective on shares of Accenture from $385.00 to $375.00 and set a “market perform” rating for the company in a research note on Friday, March 22nd. Royal Bank of Canada upped their price objective 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. Redburn Atlantic upped their price objective on shares of Accenture from $410.00 to $445.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Finally, Mizuho reiterated a “buy” rating and issued a $398.00 target price (down previously from $426.00) on shares of Accenture in a report on Friday, March 22nd. Ten equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, Accenture presently has an average rating of “Moderate Buy” and a consensus target price of $362.68.

Check Out Our Latest Research Report on Accenture

Insider Activity

In other news, COO John F. Walsh sold 8,000 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was 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 of the company’s stock, valued at $5,937,488.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, General Counsel Joel Unruch sold 4,333 shares of the firm’s 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 completion of the transaction, the general counsel now directly owns 30,702 shares of the company’s stock, valued at $9,705,516.24. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO John F. Walsh sold 8,000 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $332.13, for a total value of $2,657,040.00. Following the completion of the transaction, the chief operating officer now directly owns 17,877 shares of the company’s stock, valued at $5,937,488.01. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,083 shares of company stock valued at $8,959,325. 0.07% of the stock is owned by company insiders.

Accenture Stock Down 0.4 %

ACN stock traded down $1.18 during midday trading on Monday, hitting $285.53. 3,559,291 shares of the company traded hands, compared to its average volume of 2,643,388. Accenture plc has a twelve month low of $278.69 and a twelve month high of $387.51. The business has a 50 day simple moving average of $304.35 and a 200-day simple moving average of $338.75. The stock has a market capitalization of $191.52 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 3.12 and a beta of 1.22.

Accenture (NYSE:ACNGet Free Report) last announced its quarterly earnings results on Thursday, March 21st. The information technology services provider reported $2.77 EPS 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 for the quarter, compared to the consensus estimate of $15.85 billion. During the same quarter last year, the company posted $2.69 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. Equities research analysts forecast that Accenture plc will post 12.08 EPS for the current year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th were issued a dividend of $1.29 per share. The ex-dividend date was Wednesday, April 10th. This represents a $5.16 annualized dividend and a yield of 1.81%. Accenture’s dividend payout ratio (DPR) is presently 46.78%.

Accenture Profile

(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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