Vise Technologies Inc. Increases Stock Holdings in Accenture plc (NYSE:ACN)

Vise Technologies Inc. grew its stake in Accenture plc (NYSE:ACN - Free Report) by 35.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,434 shares of the information technology services provider's stock after buying an additional 3,758 shares during the quarter. Vise Technologies Inc.'s holdings in Accenture were worth $5,078,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ACN. Connecticut Wealth Management LLC increased its stake in shares of Accenture by 2.2% in the 4th quarter. Connecticut Wealth Management LLC now owns 8,050 shares of the information technology services provider's stock valued at $2,832,000 after purchasing an additional 176 shares in the last quarter. City National Bank of Florida MSD acquired a new stake in Accenture in the 4th quarter worth about $382,000. Mosaic Family Wealth Partners LLC boosted its holdings in Accenture by 19.4% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 1,725 shares of the information technology services provider's stock worth $607,000 after buying an additional 280 shares during the last quarter. Pinnacle Investment Management Ltd acquired a new stake in Accenture in the 4th quarter worth about $264,000. Finally, Orion Capital Management LLC acquired a new stake in Accenture in the 4th quarter worth about $99,000. Institutional investors and hedge funds own 75.14% of the company's stock.

Analyst Ratings Changes

ACN has been the topic of several recent 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 report on Monday, March 17th. BMO Capital Markets upped their price objective on Accenture to $355.00 and gave the company a "hold" rating in a report on Wednesday, March 26th. Stifel Nicolaus reduced their price objective on Accenture from $390.00 to $380.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Wall Street Zen cut Accenture from a "buy" rating to a "hold" rating in a research note on Tuesday, March 11th. Finally, Royal Bank of Canada dropped their target price on Accenture from $399.00 to $392.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Seven investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $382.14.

Insider Buying and Selling at Accenture

In other 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 legal filing with the SEC, which is available through this hyperlink. Also, COO John F. Walsh sold 2,500 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $325.00, for a total transaction of $812,500.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 8,516 shares of company stock worth $2,507,366. 0.02% of the stock is owned by corporate insiders.

Accenture Price Performance

ACN stock traded up $0.33 during mid-day trading on Wednesday, hitting $315.76. The stock had a trading volume of 1,268,762 shares, compared to its average volume of 2,993,729. 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 52 week low of $275.01 and a 52 week high of $398.35. The firm has a market capitalization of $197.77 billion, a P/E ratio of 26.49, a P/E/G ratio of 3.23 and a beta of 1.35. The firm has a fifty day simple moving average of $302.05 and a 200 day simple moving average of $339.47.

Accenture (NYSE:ACN - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, topping the consensus estimate 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 in the prior year, the company posted $2.77 earnings per share. Accenture's revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, research analysts forecast that Accenture plc will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th were paid a dividend of $1.48 per share. The ex-dividend date was Thursday, April 10th. This represents a $5.92 dividend on an annualized basis and a yield of 1.87%. Accenture's dividend payout ratio (DPR) is presently 48.89%.

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.