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

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

Several other large investors also recently added to or reduced their stakes in ACN. Visionary Wealth Advisors boosted 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 acquiring an additional 26 shares during the last quarter. Vivaldi Capital Management LP lifted its position in Accenture by 3.6% during the fourth quarter. Vivaldi Capital Management LP now owns 782 shares of the information technology services provider's stock valued at $292,000 after purchasing an additional 27 shares in the last quarter. Newbridge Financial Services Group Inc. grew its holdings in Accenture by 5.7% during 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 purchasing an additional 28 shares during the period. FPC Investment Advisory Inc. raised its stake in shares of Accenture by 62.2% in the fourth quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider's stock worth $28,000 after buying an additional 28 shares during the period. Finally, New England Professional Planning Group Inc. lifted its position in shares of Accenture by 4.6% during 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 buying an additional 29 shares in the last quarter. Institutional investors own 75.14% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ACN shares. Robert W. Baird upgraded shares of Accenture from a "neutral" rating to an "outperform" rating and set a $390.00 target price on the stock in a research note on Monday, March 17th. BMO Capital Markets upped their price objective on Accenture to $355.00 and gave the stock a "hold" rating in a research note on Wednesday, March 26th. Morgan Stanley lowered their price target on Accenture from $380.00 to $372.00 and set an "equal weight" rating on the stock in a report on Monday, March 17th. Wall Street Zen lowered shares of Accenture from a "buy" rating to a "hold" rating in a report on Tuesday, March 11th. Finally, Royal Bank of Canada lowered their target price on shares of Accenture from $399.00 to $392.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Seven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $382.14.

Accenture Trading Up 0.2%

Shares of NYSE:ACN traded up $0.70 during trading on Wednesday, hitting $316.13. The company had a trading volume of 3,434,636 shares, compared to its average volume of 2,999,928. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. Accenture plc has a one year low of $275.01 and a one year high of $398.35. The stock has a market cap of $198.00 billion, a price-to-earnings ratio of 26.52, a price-to-earnings-growth ratio of 3.23 and a beta of 1.35. The company has a fifty day simple moving average of $302.05 and a two-hundred day simple moving average of $339.47.

Accenture (NYSE:ACN - Get Free Report) last released its 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. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The firm had revenue of $16.70 billion for the quarter, compared to analysts' expectations of $16.64 billion. During the same quarter in the prior year, the firm posted $2.77 earnings per share. The company's quarterly revenue was up 5.7% on a year-over-year basis. As a group, equities analysts forecast that Accenture plc will post 12.73 earnings per share for the current year.

Accenture Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th were issued a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Thursday, April 10th. Accenture's dividend payout ratio is 48.89%.

Insider Buying and Selling at Accenture

In other Accenture news, COO John F. Walsh sold 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $325.00, for a total value of $812,500.00. Following the completion of the sale, the chief operating officer now directly owns 15,882 shares in the company, valued at $5,161,650. This trade represents a 13.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Angela Beatty sold 169 shares of the company's stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $281.90, for a total value of $47,641.10. Following the transaction, the insider now directly owns 5,364 shares in the company, valued at $1,512,111.60. This represents a 3.05% 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 valued at $2,507,366. Company insiders own 0.02% of the company's stock.

Accenture Profile

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.