Accenture plc (NYSE:ACN) Shares Acquired by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA increased its stake in Accenture plc (NYSE:ACN) by 2.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 65,062 shares of the information technology services provider’s stock after acquiring an additional 1,633 shares during the period. Accenture makes up 1.4% of Baldwin Wealth Partners LLC MA’s investment portfolio, making the stock its 20th largest position. Baldwin Wealth Partners LLC MA’s holdings in Accenture were worth $20,302,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Accenture by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 60,394,657 shares of the information technology services provider’s stock valued at $21,246,236,000 after buying an additional 392,183 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Accenture by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 13,528,348 shares of the information technology services provider’s stock valued at $4,750,021,000 after purchasing an additional 136,665 shares during the period. Capital Research Global Investors raised its stake in shares of Accenture by 16.8% during the fourth quarter. Capital Research Global Investors now owns 12,295,748 shares of the information technology services provider’s stock valued at $4,325,526,000 after purchasing an additional 1,770,024 shares during the period. Wellington Management Group LLP raised its stake in shares of Accenture by 22.8% during the fourth quarter. Wellington Management Group LLP now owns 12,175,518 shares of the information technology services provider’s stock valued at $4,283,225,000 after purchasing an additional 2,260,740 shares during the period. Finally, Capital International Investors raised its stake in shares of Accenture by 2.2% during the fourth quarter. Capital International Investors now owns 8,513,140 shares of the information technology services provider’s stock valued at $2,994,922,000 after purchasing an additional 181,449 shares during the period. 75.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Barclays dropped their price objective on shares of Accenture from $415.00 to $390.00 and set an “overweight” rating on the stock in a research note on Monday, March 24th. Stifel Nicolaus dropped their price objective on shares of Accenture from $390.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. BMO Capital Markets lifted their price target on shares of Accenture to $355.00 and gave the stock a “hold” rating in a research note on Wednesday, March 26th. Morgan Stanley dropped their price target on shares of Accenture from $380.00 to $372.00 and set an “equal weight” rating for the company in a research note on Monday, March 17th. Finally, Mizuho dropped their price target on shares of Accenture from $428.00 to $398.00 and set an “outperform” rating for the company in a research note on Wednesday, March 19th. Seven research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $382.14.

Insider Activity

In other Accenture news, CEO Julie Spellman Sweet sold 2,284 shares of the firm’s stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $281.63, for a total value of $643,242.92. Following the completion of the sale, the chief executive officer now owns 9,965 shares of the company’s stock, valued at approximately $2,806,442.95. This trade represents a 18.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Angela Beatty sold 169 shares of the firm’s stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $281.90, for a total value of $47,641.10. Following the completion of the transaction, the insider now owns 5,364 shares in the company, valued at $1,512,111.60. This represents a 3.05% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,516 shares of company stock valued at $2,507,366. Company insiders own 0.02% of the company’s stock.

Accenture Stock Up 0.7%

ACN stock opened at $317.49 on Monday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $198.85 billion, a PE ratio of 26.64, a PEG ratio of 3.23 and a beta of 1.33. Accenture plc has a 1-year low of $275.01 and a 1-year high of $398.35. The business’s 50 day simple moving average is $303.15 and its 200 day simple moving average is $336.95.

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

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th were paid a $1.48 dividend. The ex-dividend date was Thursday, April 10th. This represents a $5.92 annualized dividend and a dividend yield of 1.86%. Accenture’s payout ratio is 48.89%.

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.