Prestige Wealth Management Group LLC Increases Holdings in Accenture plc (NYSE:ACN)

Prestige Wealth Management Group LLC boosted its position in Accenture plc (NYSE:ACNFree Report) by 10.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,885 shares of the information technology services provider’s stock after buying an additional 176 shares during the period. Prestige Wealth Management Group LLC’s holdings in Accenture were worth $661,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Accenture by 0.3% during the third quarter. Vanguard Group Inc. now owns 58,434,025 shares of the information technology services provider’s stock valued at $17,945,673,000 after acquiring an additional 184,541 shares in the last quarter. FMR LLC increased its holdings in shares of Accenture by 4.4% during the 3rd quarter. FMR LLC now owns 13,316,028 shares of the information technology services provider’s stock valued at $4,089,485,000 after purchasing an additional 565,505 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Accenture by 7.0% in the 3rd quarter. Wellington Management Group LLP now owns 11,034,666 shares of the information technology services provider’s stock valued at $3,388,856,000 after purchasing an additional 720,647 shares during the period. Northern Trust Corp grew its position in Accenture by 5.6% during the third quarter. Northern Trust Corp now owns 8,285,864 shares of the information technology services provider’s stock valued at $2,544,672,000 after buying an additional 443,004 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Accenture by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,466,684 shares of the information technology services provider’s stock valued at $1,556,676,000 after buying an additional 68,635 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on ACN. Mizuho restated a “buy” rating and set a $398.00 target price (down from $426.00) on shares of Accenture in a research report on Friday, March 22nd. UBS Group upped their target price on Accenture from $365.00 to $400.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. Piper Sandler lifted their price target on shares of Accenture from $335.00 to $394.00 and gave the company a “neutral” rating in a research note on Monday, March 18th. Citigroup reduced their price objective on shares of Accenture from $430.00 to $400.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Finally, BMO Capital Markets cut their target price on shares of Accenture from $385.00 to $375.00 and set a “market perform” rating for the company in a research note on Friday, March 22nd. Nine equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $381.67.

Check Out Our Latest Report on Accenture

Insider Transactions at Accenture

In other Accenture news, CEO Jean-Marc Ollagnier sold 6,250 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $315.91, for a total value of $1,974,437.50. Following the sale, the chief executive officer now owns 161,581 shares of the company’s stock, valued at $51,045,053.71. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Accenture news, CEO Jean-Marc Ollagnier sold 6,250 shares of the business’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $315.91, for a total transaction of $1,974,437.50. Following the sale, the chief executive officer now directly owns 161,581 shares in the company, valued at $51,045,053.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John F. Walsh sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $332.13, for a total transaction of $2,657,040.00. Following the completion of the transaction, the chief operating officer now directly owns 17,877 shares of the company’s stock, valued at approximately $5,937,488.01. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,083 shares of company stock worth $8,959,325. 0.07% of the stock is currently owned by insiders.

Accenture Stock Down 1.4 %

NYSE:ACN traded down $4.41 on Friday, hitting $303.59. The stock had a trading volume of 4,232,001 shares, compared to its average volume of 2,973,109. The company has a fifty day moving average price of $328.56 and a two-hundred day moving average price of $342.78. The stock has a market cap of $203.63 billion, a price-to-earnings ratio of 27.52, a PEG ratio of 2.92 and a beta of 1.21. Accenture plc has a 1-year low of $284.26 and a 1-year high of $387.51.

Accenture (NYSE:ACNGet Free Report) last issued its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.11. Accenture had a return on equity of 28.30% and a net margin of 10.89%. The company had revenue of $15.80 billion during the quarter, compared to analyst estimates of $15.85 billion. During the same period in the prior year, the business posted $2.69 earnings per share. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, analysts anticipate that Accenture plc will post 12.09 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th were paid a $1.29 dividend. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend was Wednesday, April 10th. Accenture’s dividend payout ratio (DPR) is 46.78%.

About Accenture

(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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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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