Accenture plc (NYSE:ACN) Shares Acquired by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC increased its stake in shares of Accenture plc (NYSE:ACN) by 37.6% in the 4th quarter, HoldingsChannel reports. The firm owned 14,874 shares of the information technology services provider’s stock after buying an additional 4,065 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Accenture were worth $5,233,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ACN. Baldwin Wealth Partners LLC MA increased its position in Accenture by 6.5% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 63,429 shares of the information technology services provider’s stock worth $22,314,000 after purchasing an additional 3,883 shares in the last quarter. Davidson Trust Co. grew its holdings in shares of Accenture by 7.4% during the fourth quarter. Davidson Trust Co. now owns 2,307 shares of the information technology services provider’s stock worth $812,000 after buying an additional 158 shares in the last quarter. Franklin Street Advisors Inc. NC lifted its stake in shares of Accenture by 126.8% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 40,051 shares of the information technology services provider’s stock valued at $14,090,000 after buying an additional 22,391 shares during the period. China Universal Asset Management Co. Ltd. boosted its position in Accenture by 37.5% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 3,094 shares of the information technology services provider’s stock worth $1,088,000 after acquiring an additional 843 shares during the last quarter. Finally, SteelPeak Wealth LLC grew its stake in Accenture by 127.1% in the 4th quarter. SteelPeak Wealth LLC now owns 2,323 shares of the information technology services provider’s stock worth $817,000 after acquiring an additional 1,300 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on ACN shares. StockNews.com lowered Accenture from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. BMO Capital Markets raised their target price on shares of Accenture to $355.00 and gave the stock a “hold” rating in a research report on Wednesday, March 26th. Guggenheim dropped their price target on shares of Accenture from $400.00 to $395.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Morgan Stanley decreased their price target on shares of Accenture from $380.00 to $372.00 and set an “equal weight” rating on the stock in a report on Monday, March 17th. Finally, Barclays decreased their price target on Accenture from $415.00 to $390.00 and set an “overweight” rating for the company in a report on Monday, March 24th. Eight equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $377.82.

Accenture Stock Up 0.8 %

Shares of NYSE:ACN opened at $293.63 on Friday. Accenture plc has a 1-year low of $275.01 and a 1-year high of $398.35. The company’s fifty day moving average is $316.14 and its two-hundred day moving average is $347.25. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a market capitalization of $183.91 billion, a price-to-earnings ratio of 24.63, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.01. The company had revenue of $16.70 billion during the quarter, compared to the consensus estimate of $16.64 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. Accenture’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.77 earnings per share. Equities analysts anticipate that Accenture plc will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th will be issued a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Thursday, April 10th. Accenture’s dividend payout ratio (DPR) is 48.89%.

Insider Buying and Selling

In other Accenture news, CEO Julie Spellman Sweet sold 8,793 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $394.47, for a total transaction of $3,468,574.71. Following the completion of the transaction, the chief executive officer now owns 11,858 shares in the company, valued at approximately $4,677,625.26. The trade was a 42.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Joel Unruch sold 3,563 shares of Accenture stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $281.78, for a total transaction of $1,003,982.14. Following the sale, the general counsel now owns 17,237 shares in the company, valued at approximately $4,857,041.86. This represents a 17.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,041 shares of company stock valued at $5,254,956 in the last quarter. Company insiders own 0.02% 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.