Integrated Advisors Network LLC Has $5.76 Million Stake in Accenture plc (NYSE:ACN)

Integrated Advisors Network LLC grew its holdings in shares of Accenture plc (NYSE:ACN - Free Report) by 11.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,470 shares of the information technology services provider's stock after purchasing an additional 1,885 shares during the period. Integrated Advisors Network LLC's holdings in Accenture were worth $5,763,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Visionary Wealth Advisors raised its holdings in Accenture by 3.5% in the fourth quarter. Visionary Wealth Advisors now owns 778 shares of the information technology services provider's stock valued at $274,000 after acquiring an additional 26 shares in the last quarter. Vivaldi Capital Management LP increased its position in shares of Accenture by 3.6% in the 4th 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 during the last quarter. FPC Investment Advisory Inc. lifted its position 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 purchasing an additional 28 shares during the last quarter. New England Professional Planning Group Inc. grew its stake in shares of Accenture by 4.6% during the fourth quarter. New England Professional Planning Group Inc. now owns 655 shares of the information technology services provider's stock worth $230,000 after purchasing an additional 29 shares in the last quarter. Finally, Nemes Rush Group LLC increased its holdings in Accenture by 7.5% in the fourth quarter. Nemes Rush Group LLC now owns 418 shares of the information technology services provider's stock valued at $147,000 after buying an additional 29 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company's stock.

Accenture Stock Down 0.4%

NYSE ACN traded down $1.25 during mid-day trading on Thursday, reaching $317.97. 887,955 shares of the company's stock traded hands, compared to its average volume of 2,956,224. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. Accenture plc has a 1-year low of $275.01 and a 1-year high of $398.35. The company has a fifty day simple moving average of $304.23 and a 200-day simple moving average of $336.42. The company has a market cap of $199.15 billion, a price-to-earnings ratio of 26.68, a P/E/G ratio of 3.23 and a beta of 1.33.

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, topping 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 business had revenue of $16.70 billion during the quarter, compared to analyst estimates of $16.64 billion. The business's revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.77 earnings per share. As a group, equities research analysts expect that Accenture plc will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, April 10th were given a $1.48 dividend. The ex-dividend date was Thursday, April 10th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.86%. Accenture's dividend payout ratio (DPR) is 48.89%.

Insider Buying and Selling

In other Accenture news, General Counsel Joel Unruch sold 3,563 shares of Accenture stock in a transaction on Friday, April 11th. The shares were sold at an average price of $281.78, for a total transaction of $1,003,982.14. Following the completion of the sale, the general counsel now owns 17,237 shares of the company's stock, valued at $4,857,041.86. This trade represents a 17.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Angela Beatty sold 169 shares of the business's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $281.90, for a total transaction of $47,641.10. Following the completion of the sale, the insider now directly owns 5,364 shares of the company's stock, 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. 0.02% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ACN shares. Baird R W upgraded shares of Accenture from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Stifel Nicolaus decreased their price objective on shares of Accenture from $390.00 to $380.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Robert W. Baird upgraded Accenture from a "neutral" rating to an "outperform" rating and set a $390.00 target price on the stock in a research report on Monday, March 17th. Guggenheim decreased their target price on Accenture from $400.00 to $395.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Finally, Mizuho cut their price target on Accenture from $428.00 to $398.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 19th. Seven research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $382.14.

Accenture Company 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.