Accenture plc (NYSE:ACN) Shares Bought by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC lifted its position in shares of Accenture plc (NYSE:ACN - Free Report) by 220.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,319 shares of the information technology services provider's stock after acquiring an additional 5,035 shares during the quarter. Soltis Investment Advisors LLC's holdings in Accenture were worth $2,568,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Chilton Capital Management LLC increased its stake in shares of Accenture by 180.0% during the fourth quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider's stock worth $25,000 after acquiring an additional 45 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in shares of Accenture during the first quarter worth about $28,000. BluePath Capital Management LLC acquired a new position in shares of Accenture during the third quarter worth about $31,000. Halpern Financial Inc. acquired a new position in shares of Accenture during the fourth quarter worth about $31,000. Finally, RVW Wealth LLC acquired a new position in shares of Accenture during the third quarter worth about $33,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Stock Up 0.8 %

Shares of ACN traded up $2.64 on Tuesday, hitting $334.44. 2,416,594 shares of the stock traded hands, compared to its average volume of 2,324,213. The firm has a market capitalization of $224.32 billion, a P/E ratio of 30.09, a P/E/G ratio of 3.16 and a beta of 1.19. The stock's 50 day moving average is $364.13 and its two-hundred day moving average is $341.71. Accenture plc has a 1 year low of $261.68 and a 1 year high of $387.51.

Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.11. The business had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $15.85 billion. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The company's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.69 earnings per share. Research analysts forecast that Accenture plc will post 12.1 EPS for the current year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 11th will be given a dividend of $1.29 per share. This represents a $5.16 annualized dividend and a yield of 1.54%. The ex-dividend date is Wednesday, April 10th. Accenture's dividend payout ratio (DPR) is 46.78%.

Insider Buying and Selling

In related news, CEO Jean-Marc Ollagnier sold 6,250 shares of the company's stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $362.77, for a total transaction of $2,267,312.50. Following the completion of the transaction, the chief executive officer now owns 167,831 shares of the company's stock, valued at $60,884,051.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO John F. Walsh sold 8,000 shares of the company's stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $332.13, for a total value of $2,657,040.00. Following the completion of the sale, the chief operating officer now owns 17,877 shares of the company's stock, valued at $5,937,488.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jean-Marc Ollagnier sold 6,250 shares of the firm's stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $362.77, for a total value of $2,267,312.50. Following the sale, the chief executive officer now owns 167,831 shares in the company, valued at $60,884,051.87. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,000 shares of company stock valued at $11,146,998. Insiders own 0.07% of the company's stock.

Analyst Upgrades and Downgrades

ACN has been the topic of a number of research analyst reports. Redburn Atlantic boosted their price objective on shares of Accenture from $410.00 to $445.00 and gave the stock a "buy" rating in a report on Tuesday, March 19th. UBS Group boosted their price objective on shares of Accenture from $365.00 to $400.00 and gave the stock a "neutral" rating in a report on Thursday, January 25th. TD Cowen decreased their price objective on shares of Accenture from $363.00 to $350.00 and set a "market perform" rating on the stock in a report on Friday, March 22nd. Wedbush boosted their price objective on shares of Accenture from $330.00 to $360.00 and gave the stock an "outperform" rating in a report on Thursday, December 14th. Finally, Citigroup decreased their price objective on shares of Accenture from $430.00 to $400.00 and set a "buy" rating on the stock in a report on Friday, March 22nd. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $387.00.

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.

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