Accenture plc (NYSE:ACN) Shares Purchased by Intrust Bank NA

Intrust Bank NA boosted its position in Accenture plc (NYSE:ACN) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,243 shares of the information technology services provider’s stock after purchasing an additional 218 shares during the quarter. Intrust Bank NA’s holdings in Accenture were worth $2,542,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ACN. Chilton Capital Management LLC grew 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 buying an additional 45 shares in the last quarter. BluePath Capital Management LLC purchased a new stake in Accenture in the 3rd quarter valued at $31,000. Halpern Financial Inc. purchased a new stake in Accenture in the 4th quarter valued at $31,000. Valued Wealth Advisors LLC purchased a new stake in Accenture in the 4th quarter valued at $50,000. Finally, Valley National Advisers Inc. grew its holdings in Accenture by 40.3% in the 3rd quarter. Valley National Advisers Inc. now owns 167 shares of the information technology services provider’s stock valued at $51,000 after buying an additional 48 shares in the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on ACN shares. Mizuho restated a “buy” rating and issued a $398.00 target price (down from $426.00) on shares of Accenture in a report on Friday, March 22nd. Royal Bank of Canada increased their price target on Accenture from $374.00 to $381.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Morgan Stanley increased their price target on Accenture from $400.00 to $417.00 and gave the stock an “overweight” rating in a report on Monday, March 18th. Piper Sandler increased their price target on Accenture from $335.00 to $394.00 and gave the stock a “neutral” rating in a report on Monday, March 18th. Finally, BNP Paribas upgraded Accenture from a “neutral” rating to an “outperform” rating and set a $440.00 target price for the company in a report on Wednesday, January 17th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $387.00.

Insider Transactions at Accenture

In other news, insider Ellyn Shook sold 5,000 shares of the business’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $307.22, for a total value of $1,536,100.00. Following the completion of the transaction, the insider now directly owns 13,699 shares of the company’s stock, valued at $4,208,606.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Ellyn Shook sold 5,000 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $307.22, for a total value of $1,536,100.00. Following the completion of the transaction, the insider now directly owns 13,699 shares in the company, valued at $4,208,606.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO John F. Walsh sold 8,000 shares of the company’s 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 completion of the transaction, the chief operating officer now owns 17,877 shares of the company’s stock, valued at $5,937,488.01. The disclosure for this sale can be found here. Insiders sold a total of 31,639 shares of company stock valued at $10,276,287 over the last three months. 0.07% of the stock is currently owned by insiders.

Accenture Stock Down 1.6 %

Shares of Accenture stock traded down $4.85 during trading on Monday, reaching $303.16. The company’s stock had a trading volume of 4,718,493 shares, compared to its average volume of 2,443,599. Accenture plc has a 12-month low of $261.68 and a 12-month high of $387.51. The company has a market capitalization of $203.34 billion, a P/E ratio of 27.65, a price-to-earnings-growth ratio of 2.92 and a beta of 1.19. The business has a 50 day moving average price of $349.66 and a 200-day moving average price of $342.35.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.11. The firm 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%. Accenture’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.69 earnings per share. Research analysts predict that Accenture plc will post 12.09 EPS for the current fiscal year.

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th will be issued a $1.29 dividend. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.70%. Accenture’s dividend payout ratio (DPR) is 46.78%.

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.