Austin Private Wealth LLC Invests $389,000 in Accenture plc (NYSE:ACN)

Austin Private Wealth LLC bought a new position in Accenture plc (NYSE:ACN) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,109 shares of the information technology services provider’s stock, valued at approximately $389,000.

Other institutional investors have also bought and sold shares of the company. First Foundation Advisors raised its stake in Accenture by 6.8% during the 2nd quarter. First Foundation Advisors now owns 11,574 shares of the information technology services provider’s stock valued at $3,572,000 after purchasing an additional 741 shares during the period. BOKF NA lifted its holdings in shares of Accenture by 0.6% in the second quarter. BOKF NA now owns 45,759 shares of the information technology services provider’s stock worth $14,120,000 after buying an additional 276 shares in the last quarter. New Republic Capital LLC bought a new position in shares of Accenture during the second quarter worth $606,000. Ameriprise Financial Inc. grew its stake in Accenture by 2.3% during the third quarter. Ameriprise Financial Inc. now owns 4,284,770 shares of the information technology services provider’s stock valued at $1,315,832,000 after acquiring an additional 96,414 shares in the last quarter. Finally, Dash Acquisitions Inc. lifted its stake in Accenture by 1.0% in the 3rd quarter. Dash Acquisitions Inc. now owns 34,043 shares of the information technology services provider’s stock worth $10,361,000 after purchasing an additional 330 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Analysts Set New Price Targets

ACN has been the topic of several research reports. Royal Bank of Canada lifted their target price on Accenture from $374.00 to $381.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Stifel Nicolaus upped their price objective on Accenture from $363.00 to $395.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Citigroup cut their target price 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. Robert W. Baird increased their price objective on shares of Accenture from $364.00 to $375.00 and gave the company a “neutral” rating in a research report on Thursday, March 7th. Finally, Bank of America boosted their target price on shares of Accenture from $379.00 to $419.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Accenture presently has a consensus rating of “Moderate Buy” and a consensus price target of $387.00.

Accenture Trading Up 1.5 %

NYSE:ACN opened at $346.10 on Friday. The company has a market cap of $217.11 billion, a price-to-earnings ratio of 31.38, a price-to-earnings-growth ratio of 3.23 and a beta of 1.20. Accenture plc has a twelve month low of $261.68 and a twelve month high of $387.51. The stock has a fifty day simple moving average of $369.12 and a 200-day simple moving average of $340.38.

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 analysts’ consensus estimates of $2.66 by $0.11. The company had revenue of $15.80 billion during the quarter, compared to analyst estimates of $15.85 billion. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the business posted $2.69 EPS. As a group, equities research analysts predict that Accenture plc will post 12.1 EPS for the current fiscal year.

Accenture Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th will be given a dividend of $1.29 per share. This represents a $5.16 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Wednesday, April 10th. Accenture’s dividend payout ratio (DPR) is presently 46.78%.

Insiders Place Their Bets

In related news, CEO Jean-Marc Ollagnier sold 6,250 shares of Accenture stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $362.77, for a total value of $2,267,312.50. Following the completion of the sale, the chief executive officer now directly owns 167,831 shares in the company, valued at $60,884,051.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Jean-Marc Ollagnier sold 6,250 shares of Accenture stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $362.77, for a total transaction of $2,267,312.50. Following the transaction, the chief executive officer now directly owns 167,831 shares of the company’s stock, valued at $60,884,051.87. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Kathleen R. Mcclure sold 851 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $371.77, for a total value of $316,376.27. Following the sale, the chief financial officer now owns 50,737 shares of the company’s stock, valued at approximately $18,862,494.49. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,000 shares of company stock worth $11,146,998. 0.07% 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.