1900 Wealth Management LLC Purchases Shares of 771 Accenture plc (NYSE:ACN)

1900 Wealth Management LLC purchased a new stake in Accenture plc (NYSE:ACN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 771 shares of the information technology services provider’s stock, valued at approximately $271,000.

Several other large investors also recently modified their holdings of ACN. Brave Asset Management Inc. boosted its holdings in shares of Accenture by 2.8% during the fourth quarter. Brave Asset Management Inc. now owns 1,028 shares of the information technology services provider’s stock worth $361,000 after acquiring an additional 28 shares during the period. KMG Fiduciary Partners LLC boosted its holdings in shares of Accenture by 4.0% during the fourth quarter. KMG Fiduciary Partners LLC now owns 760 shares of the information technology services provider’s stock worth $267,000 after acquiring an additional 29 shares during the period. Carr Financial Group Corp boosted its holdings in shares of Accenture by 2.4% during the fourth quarter. Carr Financial Group Corp now owns 1,245 shares of the information technology services provider’s stock worth $437,000 after acquiring an additional 29 shares during the period. Allworth Financial LP boosted its holdings in shares of Accenture by 0.5% during the fourth quarter. Allworth Financial LP now owns 6,062 shares of the information technology services provider’s stock worth $2,127,000 after acquiring an additional 30 shares during the period. Finally, Jag Capital Management LLC boosted its holdings in shares of Accenture by 0.3% during the third quarter. Jag Capital Management LLC now owns 9,271 shares of the information technology services provider’s stock worth $2,847,000 after acquiring an additional 31 shares during the period. 75.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Accenture

In other news, 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 sale, the chief operating officer now owns 17,877 shares in the company, valued at approximately $5,937,488.01. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Jean-Marc Ollagnier sold 6,250 shares of Accenture stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 161,581 shares of the company’s stock, valued at approximately $51,045,053.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO John F. Walsh sold 8,000 shares of Accenture stock in a transaction on Monday, March 25th. The stock was sold at an average price of $332.13, for a total transaction of $2,657,040.00. Following the sale, the chief operating officer now directly owns 17,877 shares of the company’s stock, valued at $5,937,488.01. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,833 shares of company stock worth $13,645,871. Insiders own 0.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ACN shares. StockNews.com upgraded Accenture from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Robert W. Baird boosted their price target on Accenture from $364.00 to $375.00 and gave the company a “neutral” rating in a research note on Thursday, March 7th. Royal Bank of Canada boosted their price target on Accenture from $374.00 to $381.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. BMO Capital Markets cut their price target on Accenture from $385.00 to $375.00 and set a “market perform” rating for the company in a research note on Friday, March 22nd. Finally, BNP Paribas upgraded Accenture from a “neutral” rating to an “outperform” rating and set a $440.00 price target for the company in a research note on Wednesday, January 17th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Accenture presently has an average rating of “Moderate Buy” and an average price target of $387.00.

Accenture Stock Performance

Shares of NYSE:ACN opened at $316.80 on Wednesday. The company has a fifty day moving average of $353.29 and a 200-day moving average of $342.40. The company has a market capitalization of $212.49 billion, a PE ratio of 28.72, a price-to-earnings-growth ratio of 3.01 and a beta of 1.19. Accenture plc has a 52-week low of $261.68 and a 52-week high of $387.51.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.11. The business had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $15.85 billion. Accenture had a return on equity of 28.30% and a net margin of 10.89%. Accenture’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $2.69 earnings per share. On average, equities analysts forecast that Accenture plc will post 12.09 EPS for the current fiscal year.

Accenture Announces Dividend

The firm also recently declared 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 is Wednesday, April 10th. This represents a $5.16 annualized dividend and a yield of 1.63%. Accenture’s payout ratio is 46.78%.

Accenture Company Profile

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.