Accenture PLC (NYSE:ACN) Shares Acquired by Stonebrook Private Inc.

Stonebrook Private Inc. lifted its holdings in shares of Accenture PLC (NYSE:ACN) by 25.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,387 shares of the information technology services provider’s stock after acquiring an additional 284 shares during the quarter. Stonebrook Private Inc.’s holdings in Accenture were worth $433,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ACN. Parr Mcknight Wealth Management Group LLC lifted its holdings in Accenture by 4.5% in the 1st quarter. Parr Mcknight Wealth Management Group LLC now owns 16,670 shares of the information technology services provider’s stock worth $5,202,000 after buying an additional 722 shares in the last quarter. Rock Point Advisors LLC raised its stake in shares of Accenture by 0.7% in the 1st quarter. Rock Point Advisors LLC now owns 28,115 shares of the information technology services provider’s stock valued at $8,773,000 after purchasing an additional 198 shares in the last quarter. Peddock Capital Advisors LLC raised its stake in shares of Accenture by 15.9% in the 1st quarter. Peddock Capital Advisors LLC now owns 802 shares of the information technology services provider’s stock valued at $250,000 after purchasing an additional 110 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Accenture by 12.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 165,111 shares of the information technology services provider’s stock valued at $51,537,000 after purchasing an additional 18,558 shares in the last quarter. Finally, Topsail Wealth Management LLC acquired a new stake in shares of Accenture in the 1st quarter valued at about $481,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Mizuho set a $348.00 price objective on shares of Accenture and gave the company an “outperform” rating in a research report on Tuesday, June 24th. Piper Sandler lowered their price objective on shares of Accenture from $364.00 to $355.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Royal Bank Of Canada decreased their target price on shares of Accenture from $399.00 to $392.00 and set an “outperform” rating for the company in a research report on Friday, March 21st. JPMorgan Chase & Co. upped their target price on shares of Accenture from $349.00 to $353.00 and gave the stock an “overweight” rating in a research report on Monday, June 16th. Finally, Baird R W upgraded shares of Accenture from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Accenture currently has an average rating of “Moderate Buy” and an average price target of $370.71.

Accenture Stock Down 2.0%

Shares of ACN opened at $297.27 on Thursday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. Accenture PLC has a 12-month low of $273.19 and a 12-month high of $398.35. The business’s 50 day moving average is $309.75 and its 200 day moving average is $328.40. The company has a market capitalization of $186.19 billion, a PE ratio of 23.67, a price-to-earnings-growth ratio of 2.84 and a beta of 1.29.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.32 by $0.17. Accenture had a return on equity of 26.55% and a net margin of 11.61%. The company had revenue of $17.73 billion during the quarter, compared to analysts’ expectations of $17.26 billion. During the same quarter in the previous year, the business earned $3.13 EPS. Accenture’s revenue was up 7.7% compared to the same quarter last year. Research analysts expect that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 10th will be given a $1.48 dividend. The ex-dividend date is Thursday, July 10th. This represents a $5.92 annualized dividend and a yield of 1.99%. Accenture’s dividend payout ratio is presently 47.13%.

Insider Buying and Selling

In related news, COO John F. Walsh sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $325.00, for a total transaction of $812,500.00. Following the completion of the sale, the chief operating officer directly owned 15,882 shares of the company’s stock, valued at approximately $5,161,650. This trade represents a 13.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Angela Beatty sold 169 shares of the firm’s stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $281.90, for a total value of $47,641.10. Following the sale, the insider directly owned 5,364 shares of the company’s stock, valued at $1,512,111.60. The trade was a 3.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,516 shares of company stock worth $2,507,366. 0.02% of the stock is currently owned by company 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.