Waverly Advisors LLC Has $24.34 Million Stake in Accenture plc (NYSE:ACN)

Waverly Advisors LLC lifted its stake in shares of Accenture plc (NYSE:ACN - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 69,197 shares of the information technology services provider's stock after buying an additional 1,518 shares during the quarter. Waverly Advisors LLC's holdings in Accenture were worth $24,343,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. FPC Investment Advisory Inc. grew its position in Accenture by 62.2% in the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider's stock valued at $28,000 after purchasing an additional 28 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in Accenture in the 4th quarter valued at $30,000. POM Investment Strategies LLC grew its position in Accenture by 64.2% in the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider's stock valued at $31,000 after purchasing an additional 34 shares during the period. Promus Capital LLC acquired a new stake in Accenture in the 4th quarter valued at $34,000. Finally, Berbice Capital Management LLC acquired a new stake in Accenture in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 75.14% of the company's stock.

Insider Activity at Accenture

In other news, insider Angela Beatty sold 169 shares of the company's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $281.90, for a total transaction of $47,641.10. Following the sale, 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 sale 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 company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $325.00, for a total value of $812,500.00. Following the sale, the chief operating officer now owns 15,882 shares in the company, valued at approximately $5,161,650. This represents a 13.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,516 shares of company stock worth $2,507,366. Company insiders own 0.02% of the company's stock.

Analysts Set New Price Targets

ACN has been the subject of several research reports. Morgan Stanley reduced their price target on shares of Accenture from $380.00 to $372.00 and set an "equal weight" rating for the company in a research report on Monday, March 17th. Royal Bank of Canada reduced their price target on shares of Accenture from $399.00 to $392.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Guggenheim cut their price objective on shares of Accenture from $400.00 to $395.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Baird R W raised shares of Accenture from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Finally, Jefferies Financial Group cut their price objective on shares of Accenture from $385.00 to $355.00 and set a "hold" rating on the stock in a report on Tuesday, January 21st. Seven research 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 company. Based on data from MarketBeat.com, Accenture has an average rating of "Moderate Buy" and an average price target of $381.76.

Accenture Trading Up 0.5%

NYSE ACN opened at $319.16 on Tuesday. The stock has a market capitalization of $199.90 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 3.23 and a beta of 1.35. Accenture plc has a one year low of $275.01 and a one year high of $398.35. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. The business's fifty day moving average is $302.50 and its 200-day moving average is $340.97.

Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings data 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 return on equity of 26.91% and a net margin of 11.41%. The business had revenue of $16.70 billion for the quarter, compared to analysts' expectations of $16.64 billion. During the same period in the previous year, the business posted $2.77 EPS. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. Equities research analysts predict that Accenture plc will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, April 10th were paid a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Thursday, April 10th. Accenture's dividend payout ratio is currently 48.89%.

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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