Unique Wealth LLC Purchases 1,757 Shares of Accenture plc (NYSE:ACN)

Unique Wealth LLC grew its stake in shares of Accenture plc (NYSE:ACN - Free Report) by 21.9% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 9,762 shares of the information technology services provider's stock after acquiring an additional 1,757 shares during the quarter. Unique Wealth LLC's holdings in Accenture were worth $3,046,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Davidson Trust Co. increased its stake in shares of Accenture by 7.4% in the fourth quarter. Davidson Trust Co. now owns 2,307 shares of the information technology services provider's stock valued at $812,000 after buying an additional 158 shares during the period. Capital Research Global Investors boosted its holdings in Accenture by 16.8% in the fourth quarter. Capital Research Global Investors now owns 12,295,748 shares of the information technology services provider's stock worth $4,325,526,000 after acquiring an additional 1,770,024 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Accenture by 28.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 259,159 shares of the information technology services provider's stock valued at $90,425,000 after purchasing an additional 56,829 shares in the last quarter. Alteri Wealth LLC bought a new position in shares of Accenture in the fourth quarter valued at approximately $321,000. Finally, Sycomore Asset Management lifted its holdings in Accenture by 93.1% during the fourth quarter. Sycomore Asset Management now owns 57,242 shares of the information technology services provider's stock worth $20,367,000 after acquiring an additional 27,596 shares during the period. 75.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ACN has been the topic of several research reports. 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 note on Monday, March 17th. Barclays decreased their target price on Accenture from $415.00 to $390.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. Guggenheim cut their price objective on Accenture from $400.00 to $395.00 and set a "buy" rating for the company in a report on Friday, March 21st. Morgan Stanley dropped their target price on Accenture from $380.00 to $372.00 and set an "equal weight" rating for the company in a report on Monday, March 17th. Finally, Mizuho dropped their target price on Accenture from $428.00 to $398.00 and set an "outperform" rating for the company in a report on Wednesday, March 19th. Seven investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $382.14.

Accenture Stock Down 0.4%

ACN stock opened at $315.14 on Friday. Accenture plc has a twelve month low of $275.01 and a twelve month high of $398.35. 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 firm has a market cap of $197.38 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 3.23 and a beta of 1.33. The business has a 50 day moving average of $303.07 and a 200 day moving average of $337.50.

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

Accenture Announces Dividend

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

Insider Transactions at Accenture

In other news, CEO Julie Spellman Sweet sold 2,284 shares of the firm's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $281.63, for a total value of $643,242.92. Following the transaction, the chief executive officer now directly owns 9,965 shares in the company, valued at $2,806,442.95. This trade represents a 18.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO John F. Walsh sold 2,500 shares of the firm's 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 completion of the transaction, the chief operating officer now owns 15,882 shares in the company, valued at approximately $5,161,650. This trade represents a 13.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,516 shares of company stock worth $2,507,366 in the last ninety days. 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.

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