City National Bank of Florida MSD Purchases Shares of 1,085 Accenture plc (NYSE:ACN)

City National Bank of Florida MSD acquired a new position in shares of Accenture plc (NYSE:ACN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,085 shares of the information technology services provider's stock, valued at approximately $382,000.

Other large investors also recently made changes to their positions in the company. Visionary Wealth Advisors increased its stake in shares of Accenture by 3.5% during the 4th quarter. Visionary Wealth Advisors now owns 778 shares of the information technology services provider's stock worth $274,000 after purchasing an additional 26 shares during the last quarter. Vivaldi Capital Management LP raised its stake in Accenture by 3.6% in the fourth quarter. Vivaldi Capital Management LP now owns 782 shares of the information technology services provider's stock valued at $292,000 after buying an additional 27 shares during the period. Newbridge Financial Services Group Inc. lifted its position in shares of Accenture by 5.7% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 518 shares of the information technology services provider's stock valued at $182,000 after buying an additional 28 shares during the last quarter. FPC Investment Advisory Inc. increased its holdings in shares of Accenture by 62.2% during the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider's stock worth $28,000 after acquiring an additional 28 shares during the last quarter. Finally, New England Professional Planning Group Inc. raised its stake in Accenture by 4.6% in the 4th quarter. New England Professional Planning Group Inc. now owns 655 shares of the information technology services provider's stock valued at $230,000 after acquiring an additional 29 shares during the period. Institutional investors and hedge funds own 75.14% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. BMO Capital Markets upped their price objective on shares of Accenture to $355.00 and gave the company a "hold" rating in a report on Wednesday, March 26th. UBS Group dropped their price objective on shares of Accenture from $455.00 to $387.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Piper Sandler decreased their target price on shares of Accenture from $364.00 to $355.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Mizuho dropped their price target on shares of Accenture from $428.00 to $398.00 and set an "outperform" rating for the company in a research report on Wednesday, March 19th. Finally, Baird R W raised Accenture from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Seven equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $381.76.

Accenture Stock Down 0.7%

ACN stock opened at $317.98 on Thursday. The firm has a 50-day moving average price of $302.56 and a 200-day moving average price of $340.66. Accenture plc has a 12 month low of $275.01 and a 12 month high of $398.35. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $199.16 billion, a P/E ratio of 26.68, a price-to-earnings-growth ratio of 3.23 and a beta of 1.35.

Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, beating analysts' consensus estimates of $2.81 by $0.01. The company had revenue of $16.70 billion during the quarter, compared to analysts' expectations of $16.64 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. Accenture's revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.77 EPS. As a group, equities research analysts anticipate that Accenture plc will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, April 10th were issued 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 1.86%. Accenture's dividend payout ratio (DPR) is presently 48.89%.

Insider Buying and Selling

In other Accenture news, CEO Julie Spellman Sweet sold 2,284 shares of the company's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $281.63, for a total value of $643,242.92. Following the sale, the chief executive officer now owns 9,965 shares in the company, valued at approximately $2,806,442.95. The trade was a 18.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO John F. Walsh sold 2,500 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $325.00, for a total value of $812,500.00. Following the transaction, the chief operating officer now owns 15,882 shares of the company's stock, valued at $5,161,650. This trade represents a 13.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,516 shares of company stock worth $2,507,366 in the last ninety days. Company insiders own 0.02% of the company's stock.

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.

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