Accenture plc (NYSE:ACN) Shares Acquired by Howland Capital Management LLC

Howland Capital Management LLC lifted its stake in shares of Accenture plc (NYSE:ACNFree Report) by 20.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,883 shares of the information technology services provider’s stock after purchasing an additional 322 shares during the period. Howland Capital Management LLC’s holdings in Accenture were worth $661,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. United Bank increased its position in shares of Accenture by 6.3% during the first quarter. United Bank now owns 2,969 shares of the information technology services provider’s stock worth $1,001,000 after acquiring an additional 176 shares during the period. Weitz Investment Management Inc. increased its position in shares of Accenture by 1.3% during the first quarter. Weitz Investment Management Inc. now owns 89,400 shares of the information technology services provider’s stock worth $30,148,000 after acquiring an additional 1,168 shares during the period. Fund Management at Engine No. 1 LLC purchased a new position in Accenture in the first quarter valued at $1,805,000. Guardian Wealth Management Inc. increased its holdings in Accenture by 0.6% in the first quarter. Guardian Wealth Management Inc. now owns 7,292 shares of the information technology services provider’s stock valued at $2,459,000 after buying an additional 41 shares during the last quarter. Finally, Clearbridge Investments LLC increased its holdings in Accenture by 104.8% in the first quarter. Clearbridge Investments LLC now owns 441,451 shares of the information technology services provider’s stock valued at $148,871,000 after buying an additional 225,943 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ACN shares. BNP Paribas raised Accenture from a “neutral” rating to an “outperform” rating and set a $440.00 target price on the stock in a report on Wednesday, January 17th. UBS Group increased their target price on Accenture from $365.00 to $400.00 and gave the company a “neutral” rating in a report on Thursday, January 25th. Citigroup dropped their target price on Accenture from $430.00 to $400.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Susquehanna restated a “neutral” rating and issued a $360.00 price objective (down previously from $400.00) on shares of Accenture in a research note on Thursday, March 21st. Finally, Robert W. Baird upped their price objective on shares of Accenture from $364.00 to $375.00 and gave the company a “neutral” rating in a research note on Thursday, March 7th. Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Accenture currently has an average rating of “Moderate Buy” and an average price target of $387.00.

View Our Latest Stock Analysis on ACN

Insider Activity at Accenture

In related news, CFO Kathleen R. Mcclure sold 851 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $371.77, for a total value of $316,376.27. Following the completion of the sale, the chief financial officer now owns 50,737 shares in the company, valued at $18,862,494.49. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CFO Kathleen R. Mcclure sold 851 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $371.77, for a total transaction of $316,376.27. Following the completion of the transaction, the chief financial officer now directly owns 50,737 shares of the company’s stock, valued at approximately $18,862,494.49. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Joel Unruch sold 4,333 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $371.83, for a total transaction of $1,611,139.39. Following the transaction, the general counsel now directly owns 34,795 shares of the company’s stock, valued at $12,937,824.85. The disclosure for this sale can be found here. Insiders sold a total of 31,000 shares of company stock worth $11,146,998 over the last 90 days. Company insiders own 0.07% of the company’s stock.

Accenture Trading Down 0.6 %

Shares of ACN traded down $2.09 during mid-day trading on Wednesday, hitting $334.37. 232,870 shares of the company’s stock were exchanged, compared to its average volume of 2,272,135. The firm has a market capitalization of $224.28 billion, a P/E ratio of 30.50, a P/E/G ratio of 3.21 and a beta of 1.19. Accenture plc has a fifty-two week low of $261.68 and a fifty-two week high of $387.51. The business’s 50 day moving average is $367.29 and its two-hundred day moving average is $341.25.

Accenture (NYSE:ACNGet Free Report) last announced its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.11. The firm had revenue of $15.80 billion during 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 firm’s revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.69 earnings per share. On average, equities research analysts forecast that Accenture plc will post 12.1 earnings per share for the current year.

Accenture Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 11th will be given a $1.29 dividend. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $5.16 dividend on an annualized basis and a yield of 1.54%. Accenture’s payout ratio is currently 46.78%.

Accenture Profile

(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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