Sunesis Advisors LLC purchased a new stake in shares of Accenture plc (NYSE:ACN – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 647 shares of the information technology services provider’s stock, valued at approximately $227,000.
Several other institutional investors and hedge funds have also bought and sold shares of ACN. Chilton Capital Management LLC boosted its holdings in Accenture by 180.0% in the fourth quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 45 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of Accenture during the first quarter valued at about $28,000. BluePath Capital Management LLC purchased a new stake in Accenture in the third quarter worth about $31,000. RVW Wealth LLC purchased a new position in shares of Accenture during the 3rd quarter worth approximately $33,000. Finally, Tyler Stone Wealth Management purchased a new position in shares of Accenture in the 2nd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.
Accenture Stock Up 1.7 %
ACN traded up $5.67 during midday trading on Friday, reaching $346.61. The company had a trading volume of 3,614,949 shares, compared to its average volume of 2,935,126. Accenture plc has a 1 year low of $261.68 and a 1 year high of $387.51. The company has a market cap of $217.43 billion, a P/E ratio of 31.42, a P/E/G ratio of 3.23 and a beta of 1.20. The business has a 50-day moving average of $368.86 and a two-hundred day moving average of $340.42.
Accenture Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th will be paid a $1.29 dividend. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Wednesday, April 10th. Accenture’s dividend payout ratio (DPR) is 46.78%.
Insider Activity at Accenture
In related news, CEO Jean-Marc Ollagnier sold 6,250 shares of the company’s stock in a transaction 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 in the company, valued at $60,884,051.87. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Jean-Marc Ollagnier sold 6,250 shares of the stock in a transaction that occurred on Friday, January 19th. The stock was 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 directly owns 167,831 shares of the company’s stock, valued at $60,884,051.87. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $371.81, for a total value of $1,859,050.00. Following the completion of the sale, the insider now directly owns 20,316 shares in the company, valued at approximately $7,553,691.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,000 shares of company stock valued at $11,146,998. 0.07% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on ACN. Morgan Stanley increased their price objective on Accenture from $400.00 to $417.00 and gave the stock an “overweight” rating in a report on Monday, March 18th. Bank of America lifted their target price on shares of Accenture from $379.00 to $419.00 and gave the company a “buy” rating in a report on Thursday, March 7th. TD Cowen lowered their price objective on Accenture from $363.00 to $350.00 and set a “market perform” rating for the company in a research note on Friday, March 22nd. Royal Bank of Canada raised their price target on Accenture from $374.00 to $381.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Finally, Wedbush increased their price objective on shares of Accenture from $330.00 to $360.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $387.00.
Read Our Latest Research Report on Accenture
About Accenture
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.
Recommended Stories
- Five stocks we like better than Accenture
- How to Effectively Use the MarketBeat Ratings Screener
- 3 Value Stocks Too Small For Buffett’s Portfolio
- What Do S&P 500 Stocks Tell Investors About the Market?
- Foot Locker Builds Up Another Head of Steam; Gains Imminent
- What is the Shanghai Stock Exchange Composite Index?
- Disney Stock Catches 3 Upgrades In a Single Week
Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.