Obermeyer Wealth Partners lifted its holdings in shares of Accenture plc (NYSE:ACN - Free Report) by 25.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,261 shares of the information technology services provider's stock after acquiring an additional 1,660 shares during the quarter. Obermeyer Wealth Partners' holdings in Accenture were worth $2,906,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Czech National Bank raised its stake in Accenture by 6.2% during the fourth quarter. Czech National Bank now owns 135,482 shares of the information technology services provider's stock worth $47,661,000 after acquiring an additional 7,881 shares during the period. Aprio Wealth Management LLC raised its holdings in Accenture by 44.5% during the fourth quarter. Aprio Wealth Management LLC now owns 1,607 shares of the information technology services provider's stock worth $565,000 after purchasing an additional 495 shares in the last quarter. Matrix Trust Co boosted its stake in Accenture by 1.1% during the 4th quarter. Matrix Trust Co now owns 7,207 shares of the information technology services provider's stock valued at $2,535,000 after purchasing an additional 76 shares in the last quarter. Fiduciary Alliance LLC lifted its holdings in shares of Accenture by 105.7% in the fourth quarter. Fiduciary Alliance LLC now owns 5,617 shares of the information technology services provider's stock valued at $1,976,000 after buying an additional 2,886 shares during the period. Finally, Trust Co. of Toledo NA OH grew its holdings in shares of Accenture by 11.1% in the 4th quarter. Trust Co. of Toledo NA OH now owns 4,220 shares of the information technology services provider's stock worth $1,485,000 after acquiring an additional 420 shares during the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms recently commented on ACN. Mizuho decreased their price target on shares of Accenture from $428.00 to $398.00 and set an "outperform" rating for the company in a report on Wednesday, March 19th. UBS Group decreased their price objective on Accenture from $455.00 to $387.00 and set a "buy" rating on the stock in a report on Friday, March 21st. BMO Capital Markets raised their price objective on shares of Accenture to $355.00 and gave the stock a "hold" rating in a report on Wednesday, March 26th. Morgan Stanley reduced their target price on shares of Accenture from $380.00 to $372.00 and set an "equal weight" rating on the stock in a research report on Monday, March 17th. Finally, Barclays decreased their price target on Accenture from $415.00 to $390.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. Eight analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $377.82.
Check Out Our Latest Stock Report on Accenture
Accenture Price Performance
Shares of ACN opened at $322.32 on Tuesday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. The company's fifty day simple moving average is $303.84 and its 200 day simple moving average is $342.08. Accenture plc has a 1-year low of $275.01 and a 1-year high of $398.35. The company has a market cap of $201.88 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 3.23 and a beta of 1.35.
Accenture (NYSE:ACN - Get Free Report) last issued its earnings results on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, topping the consensus estimate of $2.81 by $0.01. The company had revenue of $16.70 billion during the quarter, compared to the consensus estimate of $16.64 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The firm's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.77 EPS. On average, research analysts forecast that Accenture plc will post 12.73 earnings per share for the current fiscal year.
Accenture Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders 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 dividend yield of 1.84%. Accenture's payout ratio is presently 48.89%.
Insider Buying and Selling
In other news, General Counsel Joel Unruch sold 3,563 shares of Accenture stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $281.78, for a total value of $1,003,982.14. Following the completion of the sale, the general counsel now directly owns 17,237 shares in the company, valued at approximately $4,857,041.86. The trade was a 17.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Angela Beatty sold 169 shares of Accenture stock in a transaction on Friday, April 11th. The shares were sold at an average price of $281.90, for a total value of $47,641.10. Following the completion of the transaction, the insider now directly owns 5,364 shares of the company's stock, valued at $1,512,111.60. This represents a 3.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,016 shares of company stock valued at $1,694,866. 0.02% of the stock is owned by company insiders.
About Accenture
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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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