Nordwand Advisors LLC Increases Stake in Accenture plc (NYSE:ACN)

Nordwand Advisors LLC grew its stake in Accenture plc (NYSE:ACNFree Report) by 4.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 906 shares of the information technology services provider’s stock after buying an additional 37 shares during the quarter. Nordwand Advisors LLC’s holdings in Accenture were worth $318,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Chilton Capital Management LLC boosted its stake 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 in the last quarter. DiNuzzo Private Wealth Inc. purchased 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 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 position in Accenture by 40.3% during the 3rd quarter. Valley National Advisers Inc. now owns 167 shares of the information technology services provider’s stock worth $51,000 after purchasing an additional 48 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ACN shares. Redburn Atlantic increased their target price on shares of Accenture from $410.00 to $445.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Stifel Nicolaus lifted their target price on Accenture from $363.00 to $395.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Robert W. Baird increased their price target on Accenture from $364.00 to $375.00 and gave the stock a “neutral” rating in a report on Thursday, March 7th. Piper Sandler boosted their price objective on shares of Accenture from $335.00 to $394.00 and gave the company a “neutral” rating in a research note on Monday, March 18th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Accenture from a “buy” rating to a “hold” rating and reduced their target price for the stock from $409.00 to $295.00 in a research note on Wednesday. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $383.10.

Get Our Latest Stock Analysis on ACN

Accenture Stock Down 0.4 %

Shares of ACN traded down $1.15 during mid-day trading on Wednesday, reaching $305.80. 1,791,332 shares of the company’s stock were exchanged, compared to its average volume of 2,474,986. Accenture plc has a 52-week low of $276.36 and a 52-week high of $387.51. The company has a market cap of $205.11 billion, a price-to-earnings ratio of 27.41, a PEG ratio of 2.91 and a beta of 1.21. The company has a 50-day simple moving average of $333.08 and a two-hundred day simple moving average of $342.87.

Accenture (NYSE:ACNGet Free Report) last announced its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.11. The business had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $15.85 billion. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.69 earnings per share. As a group, equities 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. Shareholders 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 1.69%. Accenture’s dividend payout ratio (DPR) is presently 46.78%.

Insider Activity

In related news, General Counsel Joel Unruch sold 4,333 shares of Accenture stock in a transaction on Friday, April 19th. The stock was sold at an average price of $316.12, for a total value of $1,369,747.96. Following the transaction, the general counsel now owns 30,702 shares in the company, valued at $9,705,516.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 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 approximately $4,208,606.78. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Joel Unruch sold 4,333 shares of the firm’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $316.12, for a total value of $1,369,747.96. Following the completion of the transaction, the general counsel now directly owns 30,702 shares in the company, valued at $9,705,516.24. The disclosure for this sale can be found here. Insiders sold 28,083 shares of company stock valued at $8,959,325 in the last ninety days. Company insiders own 0.07% of the company’s stock.

Accenture Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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