Golden State Wealth Management LLC increased its position in Accenture PLC (NYSE:ACN - Free Report) by 157.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,717 shares of the information technology services provider's stock after purchasing an additional 1,663 shares during the quarter. Golden State Wealth Management LLC's holdings in Accenture were worth $848,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Capital Research Global Investors boosted its position in shares of Accenture by 16.8% during the 4th quarter. Capital Research Global Investors now owns 12,295,748 shares of the information technology services provider's stock valued at $4,325,526,000 after acquiring an additional 1,770,024 shares in the last quarter. Alteri Wealth LLC bought a new position in Accenture during the fourth quarter worth about $321,000. Proficio Capital Partners LLC boosted its holdings in Accenture by 47.6% during the fourth quarter. Proficio Capital Partners LLC now owns 2,446 shares of the information technology services provider's stock valued at $861,000 after purchasing an additional 789 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Accenture by 62.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 905 shares of the information technology services provider's stock worth $282,000 after buying an additional 347 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Accenture during the 4th quarter worth approximately $317,000. Institutional investors and hedge funds own 75.14% of the company's stock.
Accenture Trading Down 0.3%
Accenture stock traded down $0.82 during trading hours on Friday, reaching $295.26. 4,159,093 shares of the company's stock traded hands, compared to its average volume of 2,942,878. Accenture PLC has a fifty-two week low of $273.19 and a fifty-two week high of $398.35. The firm's 50 day moving average is $307.78 and its 200-day moving average is $332.11. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.48 and a current ratio of 1.46. The firm has a market capitalization of $184.93 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 2.90 and a beta of 1.33.
Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.32 by $0.17. The firm had revenue of $17.73 billion for the quarter, compared to analysts' expectations of $17.26 billion. Accenture had a net margin of 11.61% and a return on equity of 26.55%. The business's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $3.13 earnings per share. On average, analysts predict that Accenture PLC will post 12.73 earnings per share for the current year.
Accenture Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 10th will be issued a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Thursday, July 10th. Accenture's dividend payout ratio (DPR) is currently 47.13%.
Analyst Ratings Changes
Several research analysts have issued reports on ACN shares. Baird R W upgraded Accenture from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Barclays lowered their target price on shares of Accenture from $390.00 to $360.00 and set an "overweight" rating on the stock in a report on Monday. Argus set a $370.00 price target on shares of Accenture in a report on Tuesday. Guggenheim decreased their price objective on shares of Accenture from $360.00 to $335.00 and set a "buy" rating on the stock in a research note on Monday. Finally, Robert W. Baird upgraded shares of Accenture from a "neutral" rating to an "outperform" rating and set a $390.00 target price for the company in a research note on Monday, March 17th. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $370.71.
Get Our Latest Analysis on Accenture
Insider Activity
In related news, insider Angela Beatty sold 169 shares of the company's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $281.90, for a total value of $47,641.10. Following the completion of the sale, the insider now owns 5,364 shares in the company, valued at $1,512,111.60. This represents a 3.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO John F. Walsh sold 2,500 shares of Accenture 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 in the company, valued at approximately $5,161,650. This represents a 13.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,516 shares of company stock valued at $2,507,366 in the last ninety days. 0.02% of the stock is owned by insiders.
Accenture 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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