Marks Group Wealth Management Inc Sells 113 Shares of Accenture plc (NYSE:ACN)

Marks Group Wealth Management Inc reduced its position in shares of Accenture plc (NYSE:ACN) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,450 shares of the information technology services provider’s stock after selling 113 shares during the period. Accenture comprises 1.0% of Marks Group Wealth Management Inc’s investment portfolio, making the stock its 13th largest holding. Marks Group Wealth Management Inc’s holdings in Accenture were worth $8,931,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC raised its stake in shares of Accenture by 3.2% during the third quarter. International Assets Investment Management LLC now owns 1,690 shares of the information technology services provider’s stock valued at $531,000 after acquiring an additional 52 shares during the last quarter. RFG Advisory LLC raised its position in Accenture by 3.1% during the 3rd quarter. RFG Advisory LLC now owns 3,278 shares of the information technology services provider’s stock worth $1,007,000 after purchasing an additional 100 shares during the last quarter. Rothschild Investment LLC IL grew its position in shares of Accenture by 26.1% in the 3rd quarter. Rothschild Investment LLC IL now owns 986 shares of the information technology services provider’s stock valued at $303,000 after buying an additional 204 shares during the last quarter. McBroom & Associates LLC increased its stake in shares of Accenture by 5.8% in the third quarter. McBroom & Associates LLC now owns 17,671 shares of the information technology services provider’s stock valued at $5,427,000 after buying an additional 973 shares during the period. Finally, Ziegler Capital Management LLC raised its position in shares of Accenture by 42.3% during the third quarter. Ziegler Capital Management LLC now owns 41,383 shares of the information technology services provider’s stock worth $12,709,000 after acquiring an additional 12,302 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. UBS Group raised their price target on shares of Accenture from $365.00 to $400.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. Stifel Nicolaus boosted their target price on shares of Accenture from $363.00 to $395.00 and gave the company a “buy” rating in a report on Monday, March 18th. Redburn Atlantic increased their price target on Accenture from $410.00 to $445.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Piper Sandler boosted their price objective on Accenture from $335.00 to $394.00 and gave the company a “neutral” rating in a research note on Monday, March 18th. Finally, Bank of America raised their target price on Accenture from $379.00 to $419.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $387.00.

Insider Activity

In other news, General Counsel Joel Unruch sold 4,333 shares of the firm’s stock in a transaction 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 completion of the sale, the general counsel now directly owns 34,795 shares of the company’s stock, valued at approximately $12,937,824.85. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Accenture news, General Counsel Joel Unruch sold 4,333 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $371.83, for a total value of $1,611,139.39. Following the transaction, the general counsel now directly owns 34,795 shares in the company, valued at $12,937,824.85. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Ellyn Shook sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $371.81, for a total transaction of $1,859,050.00. Following the sale, the insider now owns 20,316 shares of the company’s stock, valued at approximately $7,553,691.96. The disclosure for this sale can be found here. Insiders sold a total of 39,833 shares of company stock valued at $13,645,871 over the last three months. Corporate insiders own 0.07% of the company’s stock.

Accenture Price Performance

Shares of ACN stock traded up $0.71 during trading hours on Monday, reaching $317.59. The company had a trading volume of 2,433,300 shares, compared to its average volume of 2,391,084. The business has a fifty day simple moving average of $354.21 and a 200-day simple moving average of $342.37. Accenture plc has a 12 month low of $261.68 and a 12 month high of $387.51. The company has a market cap of $213.02 billion, a price-to-earnings ratio of 28.79, a price-to-earnings-growth ratio of 3.00 and a beta of 1.19.

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

Accenture Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.62%. Accenture’s payout ratio is presently 46.78%.

Accenture 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.