Lumature Wealth Partners LLC Has $1.72 Million Holdings in Accenture plc (NYSE:ACN)

Lumature Wealth Partners LLC increased its stake in Accenture plc (NYSE:ACNGet Rating) by 3.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,142 shares of the information technology services provider’s stock after purchasing an additional 144 shares during the period. Accenture makes up 0.7% of Lumature Wealth Partners LLC’s holdings, making the stock its 28th largest position. Lumature Wealth Partners LLC’s holdings in Accenture were worth $1,717,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Engine NO. 1 LLC lifted its position in Accenture by 68.2% during the 3rd quarter. Engine NO. 1 LLC now owns 3,417 shares of the information technology services provider’s stock worth $1,093,000 after buying an additional 1,386 shares in the last quarter. FDx Advisors Inc. lifted its position in Accenture by 6.3% during the 4th quarter. FDx Advisors Inc. now owns 169,310 shares of the information technology services provider’s stock worth $70,188,000 after buying an additional 10,044 shares in the last quarter. Hilton Capital Management LLC lifted its position in Accenture by 1.5% during the 3rd quarter. Hilton Capital Management LLC now owns 64,972 shares of the information technology services provider’s stock worth $20,786,000 after buying an additional 953 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in Accenture by 4.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 48,675 shares of the information technology services provider’s stock worth $20,178,000 after buying an additional 2,054 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in Accenture by 1.9% during the 3rd quarter. Alliancebernstein L.P. now owns 894,213 shares of the information technology services provider’s stock worth $286,077,000 after buying an additional 16,353 shares in the last quarter. 74.46% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have commented on ACN. Zacks Investment Research cut shares of Accenture from a “buy” rating to a “hold” rating and set a $323.00 price target on the stock. in a research report on Tuesday, March 15th. StockNews.com started coverage on shares of Accenture in a report on Thursday, March 31st. They issued a “buy” rating on the stock. BMO Capital Markets dropped their target price on shares of Accenture from $460.00 to $385.00 in a report on Friday, March 18th. Robert W. Baird cut shares of Accenture to a “neutral” rating in a report on Friday, April 22nd. Finally, Royal Bank of Canada upped their target price on shares of Accenture from $430.00 to $435.00 and gave the company an “outperform” rating in a report on Friday, March 18th. Eight investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Accenture presently has an average rating of “Buy” and a consensus target price of $383.35.

In other Accenture news, insider Jean-Marc Ollagnier sold 6,250 shares of the firm’s stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $315.13, for a total value of $1,969,562.50. Following the sale, the insider now owns 165,866 shares in the company, valued at $52,269,352.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Joel Unruch sold 470 shares of the firm’s stock in a transaction on Monday, April 18th. The shares were sold at an average price of $315.06, for a total transaction of $148,078.20. Following the transaction, the general counsel now directly owns 26,427 shares of the company’s stock, valued at approximately $8,326,090.62. The disclosure for this sale can be found here. Insiders sold 10,757 shares of company stock worth $3,386,681 in the last 90 days. Company insiders own 0.07% of the company’s stock.

Shares of NYSE:ACN opened at $286.77 on Friday. The firm has a market cap of $181.79 billion, a PE ratio of 28.91, a PEG ratio of 2.60 and a beta of 1.24. The company’s 50 day moving average price is $317.19 and its two-hundred day moving average price is $345.04. Accenture plc has a 12-month low of $274.79 and a 12-month high of $417.37.

Accenture (NYSE:ACNGet Rating) last posted its quarterly earnings results on Thursday, March 17th. The information technology services provider reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.18. The business had revenue of $15.05 billion for the quarter, compared to analyst estimates of $14.67 billion. Accenture had a net margin of 11.28% and a return on equity of 31.16%. The firm’s revenue for the quarter was up 24.5% on a year-over-year basis. During the same quarter last year, the business posted $2.03 EPS. Analysts forecast that Accenture plc will post 10.8 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 13th. Investors of record on Thursday, April 14th were given a dividend of $0.97 per share. The ex-dividend date was Wednesday, April 13th. This represents a $3.88 annualized dividend and a dividend yield of 1.35%. Accenture’s dividend payout ratio is 39.11%.

About Accenture (Get Rating)

Accenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operations services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management, intelligent automation comprises robotic process automation, natural language processing, and virtual agents, and liquid application management services, as well as program, project, and service management services; strategy consulting services; critical data elements, data management and governance, data platform and architecture, product-based organization and skills, business adoption, and value realization services; engineering, and research and development digitization; smart connected product design and development; product platform engineering and modernization; product as-a-service enablement; products related to production and operations; autonomous robotics systems; the digital transformation of capital projects; and digital industrial workforce solutions.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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