Great Valley Advisor Group Inc. Has $3.89 Million Stock Holdings in Accenture plc (NYSE:ACN)

Great Valley Advisor Group Inc. lowered its position in shares of Accenture plc (NYSE:ACN) by 2.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,097 shares of the information technology services provider’s stock after selling 237 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Accenture were worth $3,894,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Chilton Capital Management LLC grew its position in Accenture by 180.0% in the fourth quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 45 shares during the last quarter. DiNuzzo Private Wealth Inc. acquired a new position in shares of Accenture during the fourth quarter worth approximately $27,000. Halpern Financial Inc. acquired a new position in shares of Accenture during the fourth quarter worth approximately $31,000. BluePath Capital Management LLC bought a new position in Accenture in the 3rd quarter valued at $31,000. Finally, Valued Wealth Advisors LLC bought a new position in shares of Accenture during the 4th quarter worth $50,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ACN. Robert W. Baird increased their price objective on Accenture from $364.00 to $375.00 and gave the stock a “neutral” rating in a report on Thursday, March 7th. Bank of America raised their price target on Accenture from $379.00 to $419.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Citigroup lowered their price target on Accenture from $430.00 to $400.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Stifel Nicolaus raised their price target on Accenture from $363.00 to $395.00 and gave the company a “buy” rating in a report on Monday, March 18th. Finally, Guggenheim initiated coverage on Accenture in a report on Tuesday, March 19th. They set a “buy” rating and a $425.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $387.00.

Accenture Stock Performance

ACN stock opened at $301.20 on Thursday. Accenture plc has a fifty-two week low of $261.68 and a fifty-two week high of $387.51. The business’s 50-day moving average is $345.84 and its two-hundred day moving average is $342.03. The company has a market cap of $202.03 billion, a price-to-earnings ratio of 27.07, a P/E/G ratio of 2.85 and a beta of 1.21.

Accenture (NYSE:ACN) last posted its earnings results 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 for the quarter, compared to the consensus estimate 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 quarter in the prior year, the company earned $2.69 earnings per share. Equities analysts predict that Accenture plc will post 12.09 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th will be given a $1.29 dividend. This represents a $5.16 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Wednesday, April 10th. Accenture’s payout ratio is 46.78%.

Insiders Place Their Bets

In related news, insider Ellyn Shook sold 5,000 shares of the stock in a transaction dated Thursday, April 25th. The stock was 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 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 is accessible through the SEC website. In other Accenture news, CEO Manish Sharma sold 1,486 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $370.39, for a total transaction of $550,399.54. Following the completion of the transaction, the chief executive officer now owns 4,503 shares in the company, valued at approximately $1,667,866.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ellyn Shook sold 5,000 shares of the firm’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 value of $1,536,100.00. Following the transaction, the insider now owns 13,699 shares of the company’s stock, valued at approximately $4,208,606.78. The disclosure for this sale can be found here. Insiders sold a total of 31,639 shares of company stock worth $10,276,287 over the last quarter. 0.07% of the stock is currently owned by corporate 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.