Integrated Wealth Concepts LLC lifted its stake in shares of Accenture plc (NYSE:ACN - Free Report) by 37.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,874 shares of the information technology services provider's stock after purchasing an additional 4,065 shares during the period. Integrated Wealth Concepts LLC's holdings in Accenture were worth $5,233,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of ACN. Vanguard Group Inc. raised its position in Accenture by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 60,394,657 shares of the information technology services provider's stock valued at $21,246,236,000 after acquiring an additional 392,183 shares in the last quarter. Geode Capital Management LLC raised its position in Accenture by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 13,528,348 shares of the information technology services provider's stock valued at $4,750,021,000 after acquiring an additional 136,665 shares in the last quarter. Capital Research Global Investors raised its position in Accenture by 16.8% during the fourth quarter. Capital Research Global Investors now owns 12,295,748 shares of the information technology services provider's stock valued at $4,325,526,000 after acquiring an additional 1,770,024 shares in the last quarter. Wellington Management Group LLP raised its position in Accenture by 22.8% during the fourth quarter. Wellington Management Group LLP now owns 12,175,518 shares of the information technology services provider's stock valued at $4,283,225,000 after acquiring an additional 2,260,740 shares in the last quarter. Finally, Capital International Investors raised its position in Accenture by 2.2% during the fourth quarter. Capital International Investors now owns 8,513,140 shares of the information technology services provider's stock valued at $2,994,922,000 after acquiring an additional 181,449 shares in the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, CAO Melissa A. Burgum sold 232 shares of Accenture stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $394.46, for a total value of $91,514.72. Following the transaction, the chief accounting officer now owns 8,915 shares in the company, valued at approximately $3,516,610.90. This trade represents a 2.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Julie Spellman Sweet sold 8,793 shares of the business's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $394.47, for a total value of $3,468,574.71. Following the sale, the chief executive officer now owns 11,858 shares in the company, valued at $4,677,625.26. This represents a 42.58 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,041 shares of company stock valued at $5,254,956. 0.02% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
ACN has been the topic of several recent research reports. BMO Capital Markets raised their price objective on shares of Accenture to $355.00 and gave the company a "hold" rating in a research report on Wednesday, March 26th. StockNews.com lowered shares of Accenture from a "buy" rating to a "hold" rating in a research report on Tuesday, March 11th. Piper Sandler dropped their price target on shares of Accenture from $364.00 to $355.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Barclays dropped their price target on shares of Accenture from $415.00 to $390.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. Finally, Mizuho dropped their price target on shares of Accenture from $428.00 to $398.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 19th. Eight research 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, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $377.82.
Check Out Our Latest Report on ACN
Accenture Trading Up 1.0 %
Shares of ACN stock traded up $3.02 on Thursday, hitting $302.17. The stock had a trading volume of 1,179,729 shares, compared to its average volume of 2,974,032. The firm has a market cap of $189.26 billion, a P/E ratio of 25.35, 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 plc has a twelve month low of $275.01 and a twelve month high of $398.35. The company has a fifty day moving average price of $311.16 and a two-hundred day moving average price of $345.90.
Accenture (NYSE:ACN - Get Free Report) last posted its quarterly earnings data 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. 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 the consensus estimate of $16.64 billion. During the same period in the prior year, the business posted $2.77 EPS. The company's quarterly revenue was up 5.7% on a year-over-year basis. As a group, analysts forecast that Accenture plc will post 12.73 earnings per share for the current fiscal year.
Accenture Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th will be issued a $1.48 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.96%. Accenture's payout ratio is 48.89%.
About Accenture
(
Free Report)
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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