Integrated Advisors Network LLC Boosts Stock Holdings in Accenture plc (NYSE:ACN)

Integrated Advisors Network LLC grew its stake in Accenture plc (NYSE:ACN - Free Report) by 92.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,585 shares of the information technology services provider's stock after purchasing an additional 7,975 shares during the quarter. Integrated Advisors Network LLC's holdings in Accenture were worth $5,834,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Baldwin Wealth Partners LLC MA lifted its position in shares of Accenture by 6.5% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 63,429 shares of the information technology services provider's stock worth $22,314,000 after buying an additional 3,883 shares during the last quarter. Davidson Trust Co. lifted its stake in Accenture by 7.4% in the 4th quarter. Davidson Trust Co. now owns 2,307 shares of the information technology services provider's stock valued at $812,000 after purchasing an additional 158 shares during the last quarter. China Universal Asset Management Co. Ltd. grew its stake in shares of Accenture by 37.5% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 3,094 shares of the information technology services provider's stock worth $1,088,000 after buying an additional 843 shares during the last quarter. SteelPeak Wealth LLC increased its holdings in shares of Accenture by 127.1% during the fourth quarter. SteelPeak Wealth LLC now owns 2,323 shares of the information technology services provider's stock worth $817,000 after buying an additional 1,300 shares in the last quarter. Finally, Capital Research Global Investors boosted its holdings 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. 75.14% of the stock is owned by institutional investors.

Accenture Price Performance

Shares of NYSE ACN traded down $2.11 during mid-day trading on Friday, reaching $315.62. 1,097,349 shares of the company were exchanged, compared to its average volume of 2,984,947. 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 $197.68 billion, a PE ratio of 26.48, a PEG ratio of 3.23 and a beta of 1.35. The company's 50 day moving average price is $302.48 and its 200 day moving average price is $339.04. Accenture plc has a 52 week low of $275.01 and a 52 week high of $398.35.

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

Accenture Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, April 10th were paid a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Thursday, April 10th. Accenture's payout ratio is 48.89%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Guggenheim cut 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. Mizuho cut their target price on Accenture from $428.00 to $398.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 19th. Wall Street Zen downgraded shares of Accenture from a "buy" rating to a "hold" rating in a research report on Tuesday, March 11th. Stifel Nicolaus reduced their price target on shares of Accenture from $390.00 to $380.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Finally, Barclays cut their price objective on shares of Accenture from $415.00 to $390.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. Seven investment 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, the company has an average rating of "Moderate Buy" and a consensus target price of $382.14.

Insider Buying and Selling at Accenture

In other Accenture news, General Counsel Joel Unruch sold 3,563 shares of the firm's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $281.78, for a total value of $1,003,982.14. Following the transaction, the general counsel now owns 17,237 shares in the company, valued at approximately $4,857,041.86. This trade represents a 17.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Angela Beatty sold 169 shares of Accenture stock in a transaction that occurred 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 transaction, the insider now owns 5,364 shares in the company, valued at approximately $1,512,111.60. The trade was a 3.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,516 shares of company stock worth $2,507,366 over the last quarter. 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.