Strategic Wealth Partners Ltd. boosted its holdings in Accenture plc (NYSE:ACN - Free Report) by 18.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,249 shares of the information technology services provider's stock after purchasing an additional 5,607 shares during the period. Accenture comprises 1.2% of Strategic Wealth Partners Ltd.'s portfolio, making the stock its 20th largest position. Strategic Wealth Partners Ltd.'s holdings in Accenture were worth $13,730,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of ACN. FPC Investment Advisory Inc. boosted its stake in Accenture by 62.2% during the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider's stock valued at $28,000 after acquiring an additional 28 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Accenture during the fourth quarter worth about $30,000. POM Investment Strategies LLC grew its stake in Accenture by 64.2% in the fourth quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider's stock worth $31,000 after purchasing an additional 34 shares in the last quarter. Retirement Wealth Solutions LLC bought a new stake in Accenture in the fourth quarter valued at about $34,000. Finally, Promus Capital LLC bought a new position in Accenture during the 4th quarter worth approximately $34,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Accenture news, CEO Julie Spellman Sweet sold 2,284 shares of Accenture stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $281.63, for a total transaction of $643,242.92. Following the transaction, the chief executive officer now owns 9,965 shares of the company's stock, valued at $2,806,442.95. The trade was a 18.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Joel Unruch sold 3,563 shares of the stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $281.78, for a total transaction of $1,003,982.14. Following the completion of the sale, the general counsel now directly owns 17,237 shares of the company's stock, valued at $4,857,041.86. This trade represents a 17.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,516 shares of company stock worth $2,507,366. Company insiders own 0.02% of the company's stock.
Accenture Price Performance
Shares of ACN traded down $5.69 during mid-day trading on Friday, hitting $310.76. The company's stock had a trading volume of 1,312,127 shares, compared to its average volume of 3,279,268. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. The firm has a 50-day moving average price of $302.36 and a 200 day moving average price of $340.47. Accenture plc has a fifty-two week low of $275.01 and a fifty-two week high of $398.35. The stock has a market capitalization of $194.64 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 3.23 and a beta of 1.35.
Accenture (NYSE:ACN - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.01. The firm had revenue of $16.70 billion for the quarter, compared to analyst estimates of $16.64 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.77 earnings per share. On average, research analysts predict that Accenture plc will post 12.73 EPS for the current fiscal year.
Accenture Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, April 10th were paid a $1.48 dividend. The ex-dividend date was Thursday, April 10th. This represents a $5.92 dividend on an annualized basis and a yield of 1.90%. Accenture's dividend payout ratio is currently 48.89%.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the company. Baird R W raised Accenture from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Mizuho reduced their price target on shares of Accenture from $428.00 to $398.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 19th. Barclays lowered their price objective on shares of Accenture from $415.00 to $390.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. Guggenheim cut their target price on shares of Accenture from $400.00 to $395.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Finally, Piper Sandler dropped their price target on Accenture from $364.00 to $355.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Seven research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Accenture currently has a consensus rating of "Moderate Buy" and a consensus price target of $382.14.
Check Out Our Latest Analysis on ACN
About Accenture
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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.
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