Brown Miller Wealth Management LLC Acquires 66 Shares of Accenture plc (NYSE:ACN)

Brown Miller Wealth Management LLC lifted its holdings in Accenture plc (NYSE:ACN) by 0.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,356 shares of the information technology services provider’s stock after buying an additional 66 shares during the quarter. Accenture comprises 1.3% of Brown Miller Wealth Management LLC’s portfolio, making the stock its 23rd biggest holding. Brown Miller Wealth Management LLC’s holdings in Accenture were worth $2,581,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. First Foundation Advisors increased its position in Accenture by 6.8% in the second quarter. First Foundation Advisors now owns 11,574 shares of the information technology services provider’s stock worth $3,572,000 after purchasing an additional 741 shares during the period. BOKF NA grew its position in shares of Accenture by 0.6% during the 2nd quarter. BOKF NA now owns 45,759 shares of the information technology services provider’s stock worth $14,120,000 after buying an additional 276 shares during the period. New Republic Capital LLC bought a new stake in shares of Accenture during the second quarter worth approximately $606,000. Ameriprise Financial Inc. boosted its stake in Accenture by 2.3% in the third quarter. Ameriprise Financial Inc. now owns 4,284,770 shares of the information technology services provider’s stock valued at $1,315,832,000 after acquiring an additional 96,414 shares during the last quarter. Finally, Dash Acquisitions Inc. lifted its stake in shares of Accenture by 1.0% in the 3rd quarter. Dash Acquisitions Inc. now owns 34,043 shares of the information technology services provider’s stock valued at $10,361,000 after purchasing an additional 330 shares during the period. Institutional investors own 75.14% of the company’s stock.

Accenture Stock Up 1.5 %

ACN traded up $5.16 during trading hours on Thursday, hitting $346.10. 3,614,374 shares of the company’s stock were exchanged, compared to its average volume of 2,302,960. Accenture plc has a 1-year low of $261.68 and a 1-year high of $387.51. The stock’s 50-day moving average is $369.12 and its two-hundred day moving average is $340.38. The stock has a market cap of $217.11 billion, a price-to-earnings ratio of 31.36, a PEG ratio of 3.19 and a beta of 1.20.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share for the quarter, beating 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 analysts’ expectations of $15.85 billion. During the same quarter last year, the company earned $2.69 EPS. Accenture’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities research analysts anticipate that Accenture plc will post 12.1 EPS for the current year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th will be issued a $1.29 dividend. This represents a $5.16 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Wednesday, April 10th. Accenture’s payout ratio is presently 46.78%.

Analyst Ratings Changes

A number of research firms recently commented on ACN. Robert W. Baird upped their price objective on Accenture from $364.00 to $375.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. UBS Group upped their price target on Accenture from $365.00 to $400.00 and gave the company a “neutral” rating in a research note on Thursday, January 25th. Susquehanna reissued a “neutral” rating and set a $360.00 price objective (down previously from $400.00) on shares of Accenture in a research note on Thursday, March 21st. Piper Sandler increased their target price on shares of Accenture from $335.00 to $394.00 and gave the stock a “neutral” rating in a report on Monday, March 18th. Finally, BNP Paribas raised shares of Accenture from a “neutral” rating to an “outperform” rating and set a $440.00 price target for the company in a report on Wednesday, January 17th. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $387.00.

Insider Buying and Selling

In other Accenture news, COO John F. Walsh sold 8,000 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of $332.13, for a total value 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 $5,937,488.01. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Accenture news, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction on Friday, January 26th. The shares were sold at an average price of $371.81, for a total transaction of $1,859,050.00. Following the completion of the transaction, the insider now directly owns 20,316 shares of the company’s stock, valued at $7,553,691.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO John F. Walsh sold 8,000 shares of the firm’s stock in a transaction dated 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 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. Over the last three months, insiders have sold 31,000 shares of company stock worth $11,146,998. Insiders own 0.07% of the company’s stock.

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.