15,000 Shares in Accenture plc (NYSE:ACN) Acquired by Global Frontier Investments LLC

Global Frontier Investments LLC acquired a new position in shares of Accenture plc (NYSE:ACN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 15,000 shares of the information technology services provider's stock, valued at approximately $5,277,000. Accenture accounts for about 1.4% of Global Frontier Investments LLC's holdings, making the stock its 13th largest holding.

Other institutional investors have also made changes to their positions in the company. Baldwin Wealth Partners LLC MA increased its stake in Accenture by 6.5% in the fourth quarter. Baldwin Wealth Partners LLC MA now owns 63,429 shares of the information technology services provider's stock valued at $22,314,000 after acquiring an additional 3,883 shares during the period. Davidson Trust Co. boosted its holdings in 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 acquiring an additional 158 shares during the last quarter. Franklin Street Advisors Inc. NC grew its position in shares of Accenture by 126.8% during the 4th quarter. Franklin Street Advisors Inc. NC now owns 40,051 shares of the information technology services provider's stock worth $14,090,000 after buying an additional 22,391 shares during the period. China Universal Asset Management Co. Ltd. grew its holdings in Accenture by 37.5% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 3,094 shares of the information technology services provider's stock worth $1,088,000 after acquiring an additional 843 shares during the period. Finally, SteelPeak Wealth LLC increased its holdings in Accenture by 127.1% in the fourth quarter. SteelPeak Wealth LLC now owns 2,323 shares of the information technology services provider's stock valued at $817,000 after purchasing an additional 1,300 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors.

Insider Activity at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 2,284 shares of the business's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $281.63, for a total transaction of $643,242.92. Following the sale, the chief executive officer now owns 9,965 shares in the company, valued at approximately $2,806,442.95. The trade was a 18.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Angela Beatty sold 169 shares of the firm'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 sale, the insider now directly owns 5,364 shares in the company, valued at $1,512,111.60. The trade was a 3.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,041 shares of company stock worth $5,254,956 in the last quarter. 0.02% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ACN shares. Royal Bank of Canada reduced their price target on shares of Accenture from $399.00 to $392.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. StockNews.com lowered shares of Accenture from a "buy" rating to a "hold" rating in a research note on Tuesday, March 11th. Piper Sandler lowered their target price on shares of Accenture from $364.00 to $355.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Robert W. Baird upgraded shares of Accenture from a "neutral" rating to an "outperform" rating and set a $390.00 price objective on the stock in a report on Monday, March 17th. Finally, Stifel Nicolaus lowered their target price on shares of Accenture from $390.00 to $380.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Eight investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Accenture presently has a consensus rating of "Moderate Buy" and a consensus price target of $377.82.

Accenture Stock Up 0.5 %

NYSE:ACN traded up $1.64 on Thursday, reaching $300.79. 2,846,407 shares of the stock traded hands, compared to its average volume of 2,981,863. Accenture plc has a 12 month low of $275.01 and a 12 month high of $398.35. The company's fifty day simple moving average is $311.16 and its 200 day simple moving average is $345.90. The company has a market capitalization of $188.39 billion, a price-to-earnings ratio of 25.23, a PEG ratio of 3.23 and a beta of 1.32. 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 (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, 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. The business's quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.77 EPS. Equities analysts predict that Accenture plc will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 10th will be given a $1.48 dividend. The ex-dividend date is Thursday, April 10th. This represents a $5.92 dividend on an annualized basis and a yield of 1.97%. Accenture's dividend payout ratio is presently 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.