Accenture plc (NYSE:ACN) Shares Acquired by MONECO Advisors LLC

MONECO Advisors LLC grew its holdings in Accenture plc (NYSE:ACN - Free Report) by 388.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,161 shares of the information technology services provider's stock after acquiring an additional 6,491 shares during the quarter. MONECO Advisors LLC's holdings in Accenture were worth $2,864,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Chilton Capital Management LLC raised its stake in shares of Accenture by 180.0% in the fourth quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider's stock worth $25,000 after purchasing an additional 45 shares during the last quarter. BluePath Capital Management LLC purchased a new position in Accenture during the third quarter valued at approximately $31,000. Halpern Financial Inc. purchased a new position in Accenture during the fourth quarter valued at approximately $31,000. Valued Wealth Advisors LLC purchased a new position in Accenture during the fourth quarter valued at approximately $50,000. Finally, Valley National Advisers Inc. raised its position in Accenture by 40.3% during the third quarter. Valley National Advisers Inc. now owns 167 shares of the information technology services provider's stock valued at $51,000 after acquiring an additional 48 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ACN shares. StockNews.com cut Accenture from a "buy" rating to a "hold" rating in a research report on Saturday. BMO Capital Markets cut their price objective on Accenture from $385.00 to $375.00 and set a "market perform" rating for the company in a research report on Friday, March 22nd. UBS Group boosted their price objective on Accenture from $365.00 to $400.00 and gave the company a "neutral" rating in a research report on Thursday, January 25th. Piper Sandler boosted their price objective on Accenture from $335.00 to $394.00 and gave the company a "neutral" rating in a research report on Monday, March 18th. Finally, TD Cowen cut their price objective on Accenture from $363.00 to $350.00 and set a "market perform" rating for the company in a research report on Friday, March 22nd. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $387.00.

Accenture Stock Down 0.7 %

NYSE:ACN traded down $2.24 on Tuesday, hitting $300.92. The stock had a trading volume of 5,224,552 shares, compared to its average volume of 2,496,410. The stock has a market cap of $201.84 billion, a price-to-earnings ratio of 27.27, a PEG ratio of 2.92 and a beta of 1.19. The company has a fifty day moving average price of $348.33 and a two-hundred day moving average price of $342.34. 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 released its quarterly earnings results on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business's revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.69 EPS. As a group, analysts anticipate that Accenture plc will post 12.09 earnings per share for the current year.

Accenture Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 11th will be paid a dividend of $1.29 per share. This represents a $5.16 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Wednesday, April 10th. Accenture's payout ratio is currently 46.78%.

Insider Buying and Selling

In related news, CFO Kathleen R. Mcclure sold 2,070 shares of the company's stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $370.32, for a total transaction of $766,562.40. Following the sale, the chief financial officer now directly owns 47,110 shares of the company's stock, valued at approximately $17,445,775.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Kathleen R. Mcclure sold 2,070 shares of the company's stock in a transaction on Monday, February 5th. The shares were sold at an average price of $370.32, for a total value of $766,562.40. Following the completion of the transaction, the chief financial officer now owns 47,110 shares in the company, valued at approximately $17,445,775.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Manish Sharma sold 1,486 shares of the company's stock in a transaction on Monday, February 5th. The shares were sold at an average price of $370.39, for a total transaction of $550,399.54. Following the completion of the transaction, the chief executive officer now owns 4,503 shares of the company's stock, valued at approximately $1,667,866.17. The disclosure for this sale can be found here. Insiders have sold a total of 31,639 shares of company stock valued at $10,276,287 in the last ninety days. Company insiders own 0.07% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.