Accenture plc (NYSE:ACN) Shares Acquired by Mission Wealth Management LP

Mission Wealth Management LP lifted its holdings in shares of Accenture plc (NYSE:ACN) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,850 shares of the information technology services provider’s stock after acquiring an additional 128 shares during the quarter. Mission Wealth Management LP’s holdings in Accenture were worth $1,702,000 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. Brookstone Capital Management increased its stake in Accenture by 171.8% during the 3rd quarter. Brookstone Capital Management now owns 6,718 shares of the information technology services provider’s stock worth $2,035,000 after buying an additional 4,246 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in Accenture by 5.9% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 47,080 shares of the information technology services provider’s stock worth $14,459,000 after buying an additional 2,622 shares during the period. Wells Trecaso Financial Group LLC increased its stake in Accenture by 8.8% during the 3rd quarter. Wells Trecaso Financial Group LLC now owns 9,613 shares of the information technology services provider’s stock worth $2,952,000 after buying an additional 780 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in Accenture by 1.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 276,120 shares of the information technology services provider’s stock worth $84,799,000 after buying an additional 4,578 shares during the period. Finally, Beach Investment Counsel Inc. PA increased its stake in Accenture by 57.1% during the 3rd quarter. Beach Investment Counsel Inc. PA now owns 1,100 shares of the information technology services provider’s stock worth $338,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Activity at Accenture

In related news, insider Ellyn Shook sold 5,000 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the completion of the sale, 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 document filed with the SEC, which can be accessed through the SEC website. In other news, insider Ellyn Shook sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the sale, the insider now owns 13,699 shares in the company, valued at $4,208,606.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jean-Marc Ollagnier sold 6,250 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $315.91, for a total transaction of $1,974,437.50. Following the sale, the chief executive officer now owns 161,581 shares in the company, valued at approximately $51,045,053.71. 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 ninety days. Insiders own 0.07% of the company’s stock.

Accenture Stock Down 0.7 %

Accenture stock opened at $300.92 on Wednesday. The firm has a 50-day moving average price of $347.09 and a two-hundred day moving average price of $342.34. The firm has a market capitalization of $201.84 billion, a price-to-earnings ratio of 27.28, a PEG ratio of 2.87 and a beta of 1.19. Accenture plc has a 52-week low of $261.68 and a 52-week high of $387.51.

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

Accenture Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 11th will be paid a dividend of $1.29 per share. This represents a $5.16 annualized dividend and a yield of 1.71%. The ex-dividend date is Wednesday, April 10th. Accenture’s dividend payout ratio is presently 46.78%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Susquehanna reissued a “neutral” rating and issued a $360.00 target price (down previously from $400.00) on shares of Accenture in a research report on Thursday, March 21st. Robert W. Baird boosted their target price on shares of Accenture from $364.00 to $375.00 and gave the stock a “neutral” rating in a research report on Thursday, March 7th. Mizuho reissued a “buy” rating and issued a $398.00 target price (down previously from $426.00) on shares of Accenture in a research report on Friday, March 22nd. StockNews.com downgraded shares of Accenture from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Redburn Atlantic boosted their target price on shares of Accenture from $410.00 to $445.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $387.00.

About Accenture

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.