Accenture plc (NYSE:ACN) Shares Acquired by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA increased its stake in Accenture plc (NYSE:ACN - Free Report) by 6.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,429 shares of the information technology services provider's stock after purchasing an additional 3,883 shares during the period. Accenture accounts for about 1.5% of Baldwin Wealth Partners LLC MA's portfolio, making the stock its 18th largest position. Baldwin Wealth Partners LLC MA's holdings in Accenture were worth $22,314,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Heartland Bank & Trust Co lifted its holdings in shares of Accenture by 18.9% during the fourth quarter. Heartland Bank & Trust Co now owns 936 shares of the information technology services provider's stock worth $329,000 after purchasing an additional 149 shares during the period. Pacer Advisors Inc. lifted its stake in Accenture by 7.9% during the 4th quarter. Pacer Advisors Inc. now owns 50,146 shares of the information technology services provider's stock valued at $17,641,000 after acquiring an additional 3,685 shares during the period. United Asset Strategies Inc. boosted its holdings in shares of Accenture by 5.8% in the 4th quarter. United Asset Strategies Inc. now owns 4,245 shares of the information technology services provider's stock valued at $1,493,000 after acquiring an additional 233 shares during the last quarter. Cornerstone Wealth Group LLC raised its holdings in shares of Accenture by 5.3% during the fourth quarter. Cornerstone Wealth Group LLC now owns 18,369 shares of the information technology services provider's stock worth $6,462,000 after purchasing an additional 931 shares during the last quarter. Finally, Capital Asset Advisory Services LLC lifted its position in Accenture by 2.8% during the fourth quarter. Capital Asset Advisory Services LLC now owns 12,001 shares of the information technology services provider's stock valued at $4,246,000 after purchasing an additional 322 shares during the period. Hedge funds and other institutional investors own 75.14% of the company's stock.

Analysts Set New Price Targets

ACN has been the subject of several analyst reports. BMO Capital Markets boosted their price objective on Accenture from $390.00 to $425.00 and gave the company a "market perform" rating in a report on Friday, December 20th. BNP Paribas lowered Accenture from an "outperform" rating to a "neutral" rating and set a $375.00 price objective on the stock. in a research report on Wednesday, October 30th. Robert W. Baird reaffirmed a "neutral" rating and set a $370.00 target price on shares of Accenture in a report on Tuesday, December 3rd. Jefferies Financial Group lowered their price target on shares of Accenture from $385.00 to $355.00 and set a "hold" rating on the stock in a report on Tuesday, January 21st. Finally, StockNews.com upgraded shares of Accenture from a "hold" rating to a "buy" rating in a research report on Monday, January 13th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $383.74.

Accenture Price Performance

Shares of Accenture stock traded up $10.58 on Monday, hitting $372.99. 3,855,403 shares of the company were exchanged, compared to its average volume of 2,728,231. Accenture plc has a 1-year low of $278.69 and a 1-year high of $387.51. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $233.41 billion, a price-to-earnings ratio of 31.29, a price-to-earnings-growth ratio of 3.20 and a beta of 1.24. The company has a 50-day moving average price of $357.37 and a 200 day moving average price of $348.01.

Accenture (NYSE:ACN - Get Free Report) last posted its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, beating analysts' consensus estimates of $3.43 by $0.16. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The company had revenue of $17.69 billion for the quarter, compared to the consensus estimate of $17.15 billion. During the same quarter in the previous year, the business earned $3.27 earnings per share. The company's revenue for the quarter was up 9.0% on a year-over-year basis. As a group, sell-side analysts predict that Accenture plc will post 12.69 earnings per share for the current fiscal year.

Accenture Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 16th will be issued a dividend of $1.48 per share. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $5.92 dividend on an annualized basis and a yield of 1.59%. Accenture's dividend payout ratio (DPR) is presently 49.66%.

Insiders Place Their Bets

In related news, CEO Ryoji Sekido sold 3,191 shares of Accenture stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $343.70, for a total value of $1,096,746.70. Following the completion of the transaction, the chief executive officer now owns 6 shares in the company, valued at $2,062.20. The trade was a 99.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Joel Unruch sold 4,750 shares of the stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $362.78, for a total transaction of $1,723,205.00. Following the completion of the sale, the general counsel now directly owns 20,526 shares in the company, valued at approximately $7,446,422.28. This represents a 18.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,446 shares of company stock worth $5,852,848 over the last 90 days. Corporate insiders own 0.02% of the company's stock.

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.