Telemus Capital LLC Buys 512 Shares of Accenture plc (NYSE:ACN)

Telemus Capital LLC grew its stake in Accenture plc (NYSE:ACN) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,969 shares of the information technology services provider’s stock after acquiring an additional 512 shares during the quarter. Telemus Capital LLC’s holdings in Accenture were worth $9,113,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Accenture by 0.3% during the third quarter. Vanguard Group Inc. now owns 58,434,025 shares of the information technology services provider’s stock valued at $17,945,673,000 after purchasing an additional 184,541 shares in the last quarter. FMR LLC increased its position in Accenture by 4.4% in the third quarter. FMR LLC now owns 13,316,028 shares of the information technology services provider’s stock worth $4,089,485,000 after buying an additional 565,505 shares in the last quarter. Wellington Management Group LLP increased its position in Accenture by 7.0% in the third quarter. Wellington Management Group LLP now owns 11,034,666 shares of the information technology services provider’s stock worth $3,388,856,000 after buying an additional 720,647 shares in the last quarter. Northern Trust Corp increased its position in Accenture by 5.6% in the third quarter. Northern Trust Corp now owns 8,285,864 shares of the information technology services provider’s stock worth $2,544,672,000 after buying an additional 443,004 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Accenture by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,398,049 shares of the information technology services provider’s stock worth $1,340,568,000 after purchasing an additional 20,876 shares in the last quarter. 75.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Accenture news, COO John F. Walsh sold 8,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief operating officer now directly owns 17,877 shares in the company, valued at approximately $5,937,488.01. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Jean-Marc Ollagnier sold 6,250 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $315.91, for a total value of $1,974,437.50. Following the completion of the sale, the chief executive officer now directly owns 161,581 shares in the company, valued at $51,045,053.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO John F. Walsh sold 8,000 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $5,937,488.01. The disclosure for this sale can be found here. In the last three months, insiders sold 39,833 shares of company stock worth $13,645,871. Corporate insiders own 0.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ACN shares. Royal Bank of Canada increased their target price on Accenture from $374.00 to $381.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Robert W. Baird raised their price target on Accenture from $364.00 to $375.00 and gave the stock a “neutral” rating in a research note on Thursday, March 7th. Morgan Stanley raised their price target on Accenture from $400.00 to $417.00 and gave the stock an “overweight” rating in a research note on Monday, March 18th. Stifel Nicolaus raised their price target on Accenture from $363.00 to $395.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Finally, Mizuho reissued a “buy” rating and set a $398.00 price target (down from $426.00) on shares of Accenture in a research note on Friday, March 22nd. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $387.00.

Accenture Stock Up 0.2 %

Shares of Accenture stock opened at $317.59 on Tuesday. Accenture plc has a twelve month low of $261.68 and a twelve month high of $387.51. The business has a 50-day moving average price of $354.21 and a 200 day moving average price of $342.37. The firm has a market cap of $213.02 billion, a PE ratio of 28.79, a P/E/G ratio of 3.00 and a beta of 1.19.

Accenture (NYSE:ACN) last announced its quarterly earnings results 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 firm had revenue of $15.80 billion during the quarter, compared to analyst estimates of $15.85 billion. During the same quarter in the previous year, the business earned $2.69 EPS. Accenture’s revenue for the quarter was down .1% compared to the same quarter last year. On average, sell-side analysts expect that Accenture plc will post 12.09 EPS for the current year.

Accenture Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th will be paid a dividend of $1.29 per share. The ex-dividend date is Wednesday, April 10th. This represents a $5.16 annualized dividend and a yield of 1.62%. Accenture’s dividend payout ratio (DPR) is currently 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.