Oakworth Capital Inc. Boosts Stock Position in Accenture plc (NYSE:ACN)

Oakworth Capital Inc. increased its position in shares of Accenture plc (NYSE:ACN) by 9.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 650 shares of the information technology services provider’s stock after purchasing an additional 54 shares during the quarter. Oakworth Capital Inc.’s holdings in Accenture were worth $228,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Slow Capital Inc. lifted its stake in shares of Accenture by 0.9% in the 4th quarter. Slow Capital Inc. now owns 8,566 shares of the information technology services provider’s stock valued at $3,006,000 after purchasing an additional 74 shares during the last quarter. Sfmg LLC lifted its stake in shares of Accenture by 8.9% in the 4th quarter. Sfmg LLC now owns 2,775 shares of the information technology services provider’s stock valued at $974,000 after purchasing an additional 227 shares during the last quarter. TRUE Private Wealth Advisors lifted its stake in shares of Accenture by 26.1% in the 4th quarter. TRUE Private Wealth Advisors now owns 1,544 shares of the information technology services provider’s stock valued at $542,000 after purchasing an additional 320 shares during the last quarter. Tyche Wealth Partners LLC acquired a new position in shares of Accenture in the 4th quarter valued at $1,374,000. Finally, Avior Wealth Management LLC lifted its stake in shares of Accenture by 0.4% in the 4th quarter. Avior Wealth Management LLC now owns 11,820 shares of the information technology services provider’s stock valued at $4,148,000 after purchasing an additional 43 shares during the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ACN has been the topic of several recent analyst reports. Bank of America upped their price target on Accenture from $379.00 to $419.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Citigroup decreased their target price on Accenture from $430.00 to $400.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Robert W. Baird increased their target price on Accenture from $364.00 to $375.00 and gave the stock a “neutral” rating in a research note on Thursday, March 7th. Redburn Atlantic increased their price objective on Accenture from $410.00 to $445.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Finally, TD Cowen dropped their price objective on Accenture from $363.00 to $350.00 and set a “market perform” rating on the stock in a report on Friday, March 22nd. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $387.00.

Accenture Price Performance

ACN opened at $314.54 on Thursday. The business has a 50 day simple moving average of $357.35 and a 200-day simple moving average of $341.95. The stock has a market capitalization of $210.97 billion, a P/E ratio of 28.53, a P/E/G ratio of 2.98 and a beta of 1.19. Accenture plc has a 12 month low of $261.68 and a 12 month high of $387.51.

Accenture (NYSE:ACN) last posted 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. The business had revenue of $15.80 billion during the quarter, compared to analysts’ expectations of $15.85 billion. Accenture had a return on equity of 28.30% and a net margin of 10.89%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the firm earned $2.69 EPS. Research analysts anticipate that Accenture plc will post 12.09 EPS for the current year.

Accenture Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 11th will be issued a dividend of $1.29 per share. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $5.16 annualized dividend and a yield of 1.64%. Accenture’s dividend payout ratio is presently 46.78%.

Insider Buying and Selling

In related news, CAO Melissa A. Burgum sold 3,010 shares of Accenture stock in a transaction on Friday, January 26th. The stock was sold at an average price of $371.80, for a total transaction of $1,119,118.00. Following the completion of the transaction, the chief accounting officer now directly owns 9,193 shares of the company’s stock, valued at $3,417,957.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Accenture news, CAO Melissa A. Burgum sold 3,010 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $371.80, for a total transaction of $1,119,118.00. Following the completion of the transaction, the chief accounting officer now owns 9,193 shares of the company’s stock, valued at $3,417,957.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jean-Marc Ollagnier sold 6,250 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 167,831 shares of the company’s stock, valued at approximately $60,884,051.87. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,750 shares of company stock valued at $14,543,436. 0.07% of the stock is owned by insiders.

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.