Waldron Private Wealth LLC Buys 1,378 Shares of Accenture plc (NYSE:ACN)

Waldron Private Wealth LLC lifted its position in Accenture plc (NYSE:ACN) by 19.6% during the 4th quarter, Holdings Channel reports. The firm owned 8,413 shares of the information technology services provider’s stock after buying an additional 1,378 shares during the quarter. Waldron Private Wealth LLC’s holdings in Accenture were worth $2,960,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ACN. Masso Torrence Wealth Management Inc. raised its holdings in shares of Accenture by 2.0% during the third quarter. Masso Torrence Wealth Management Inc. now owns 1,447 shares of the information technology services provider’s stock valued at $511,000 after purchasing an additional 28 shares during the period. BSW Wealth Partners raised its stake in Accenture by 0.7% during the 3rd quarter. BSW Wealth Partners now owns 4,077 shares of the information technology services provider’s stock worth $1,441,000 after buying an additional 28 shares during the period. Slow Capital Inc. boosted its holdings in Accenture by 0.3% in the third quarter. Slow Capital Inc. now owns 9,067 shares of the information technology services provider’s stock worth $3,205,000 after acquiring an additional 29 shares in the last quarter. Tradition Wealth Management LLC increased its holdings in shares of Accenture by 0.3% during the third quarter. Tradition Wealth Management LLC now owns 10,951 shares of the information technology services provider’s stock valued at $3,871,000 after acquiring an additional 29 shares in the last quarter. Finally, NBC Securities Inc. raised its position in shares of Accenture by 0.6% during the third quarter. NBC Securities Inc. now owns 5,206 shares of the information technology services provider’s stock worth $1,840,000 after purchasing an additional 30 shares during the period. 75.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ACN has been the topic of several research reports. Piper Sandler upped their price objective on shares of Accenture from $422.00 to $429.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Robert W. Baird reaffirmed a “neutral” rating and issued a $370.00 price target on shares of Accenture in a research report on Tuesday, December 3rd. Morgan Stanley boosted their price objective on Accenture from $335.00 to $380.00 and gave the stock an “equal weight” rating in a report on Friday. StockNews.com raised Accenture from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. Finally, Wolfe Research raised Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price target for the company in a research report on Wednesday, January 8th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $387.22.

Accenture Stock Up 1.1 %

Shares of NYSE ACN opened at $384.88 on Friday. The business’s fifty day moving average price is $359.04 and its 200-day moving average price is $349.42. Accenture plc has a one year low of $278.69 and a one year high of $387.51. The stock has a market capitalization of $240.86 billion, a PE ratio of 32.29, a P/E/G ratio of 3.33 and a beta of 1.24. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.16. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The firm had revenue of $17.69 billion during the quarter, compared to analyst estimates of $17.15 billion. During the same quarter last year, the business earned $3.27 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. On average, equities research analysts anticipate that Accenture plc will post 12.69 EPS for the current year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 16th will be given a dividend of $1.48 per share. The ex-dividend date is Thursday, January 16th. This represents a $5.92 annualized dividend and a dividend yield of 1.54%. Accenture’s dividend payout ratio is currently 49.66%.

Insider Transactions at Accenture

In other news, COO John F. Walsh sold 2,500 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $361.09, for a total transaction of $902,725.00. Following the completion of the transaction, the chief operating officer now directly owns 19,737 shares in the company, valued at $7,126,833.33. The trade was a 11.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Joel Unruch sold 4,750 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $362.78, for a total value of $1,723,205.00. Following the completion of the sale, the general counsel now owns 20,526 shares in the company, valued at $7,446,422.28. This trade represents a 18.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,446 shares of company stock valued at $5,852,848 over the last three months. Company insiders own 0.02% of the company’s stock.

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.