Elevation Point Wealth Partners LLC boosted its holdings in Accenture PLC (NYSE:ACN - Free Report) by 14.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,850 shares of the information technology services provider's stock after buying an additional 1,853 shares during the period. Elevation Point Wealth Partners LLC's holdings in Accenture were worth $4,634,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Brighton Jones LLC increased its stake in Accenture by 36.2% during the fourth quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider's stock valued at $6,486,000 after acquiring an additional 4,905 shares during the period. Asset Management One Co. Ltd. grew its holdings in shares of Accenture by 1.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 252,437 shares of the information technology services provider's stock worth $89,913,000 after purchasing an additional 3,351 shares in the last quarter. Catalyst Financial Partners LLC increased its position in shares of Accenture by 9.1% during the fourth quarter. Catalyst Financial Partners LLC now owns 2,660 shares of the information technology services provider's stock valued at $936,000 after purchasing an additional 221 shares during the period. Bogart Wealth LLC raised its stake in shares of Accenture by 8.2% in the fourth quarter. Bogart Wealth LLC now owns 435 shares of the information technology services provider's stock valued at $153,000 after purchasing an additional 33 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its position in Accenture by 23.1% in the fourth quarter. Vontobel Holding Ltd. now owns 1,132,903 shares of the information technology services provider's stock worth $398,544,000 after purchasing an additional 212,249 shares during the period. 75.14% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts have issued reports on ACN shares. Piper Sandler lowered their price target on shares of Accenture from $364.00 to $355.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Wall Street Zen lowered shares of Accenture from a "buy" rating to a "hold" rating in a research report on Tuesday, March 11th. JPMorgan Chase & Co. increased their price target on shares of Accenture from $349.00 to $353.00 and gave the stock an "overweight" rating in a research report on Monday. Guggenheim lowered their price objective on Accenture from $400.00 to $395.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Finally, Barclays cut their target price on Accenture from $415.00 to $390.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $380.00.
Check Out Our Latest Analysis on ACN
Accenture Price Performance
Shares of ACN stock traded down $2.30 during trading hours on Tuesday, reaching $312.03. 2,532,380 shares of the company were exchanged, compared to its average volume of 2,953,816. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.48 and a quick ratio of 1.48. The company has a market cap of $195.43 billion, a price-to-earnings ratio of 25.77, a P/E/G ratio of 3.17 and a beta of 1.33. The stock's fifty day moving average is $306.40 and its two-hundred day moving average is $334.90. Accenture PLC has a fifty-two week low of $275.01 and a fifty-two week high of $398.35.
Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $16.70 billion for the quarter, compared to analyst estimates of $16.64 billion. Accenture had a return on equity of 26.49% and a net margin of 11.43%. The business's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $2.77 EPS. Sell-side analysts forecast that Accenture PLC will post 12.73 earnings per share for the current fiscal year.
Accenture Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th were issued a dividend of $1.48 per share. The ex-dividend date was Thursday, April 10th. This represents a $5.92 annualized dividend and a yield of 1.90%. Accenture's dividend payout ratio is currently 48.89%.
Insider Buying and Selling at Accenture
In other news, COO John F. Walsh sold 2,500 shares of the stock in a transaction on 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 represents a 13.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Angela Beatty sold 169 shares of Accenture stock in a transaction on Friday, April 11th. The stock was sold at an average price of $281.90, for a total value of $47,641.10. Following the sale, the insider now directly owns 5,364 shares of the company's stock, valued at approximately $1,512,111.60. This trade represents a 3.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,516 shares of company stock worth $2,507,366. Company insiders own 0.02% of the company's stock.
Accenture Company Profile
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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.
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