Accenture plc (NYSE:ACN) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC lessened its position in Accenture plc (NYSE:ACNFree Report) by 4.1% during the fourth quarter, Holdings Channel reports. The fund owned 32,538 shares of the information technology services provider’s stock after selling 1,383 shares during the quarter. Moran Wealth Management LLC’s holdings in Accenture were worth $11,418,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the company. Bogart Wealth LLC boosted its position in shares of Accenture by 2.8% during the 3rd quarter. Bogart Wealth LLC now owns 12,433 shares of the information technology services provider’s stock valued at $3,818,000 after purchasing an additional 344 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Accenture by 0.5% during the 3rd quarter. Fifth Third Bancorp now owns 361,729 shares of the information technology services provider’s stock valued at $111,091,000 after buying an additional 1,773 shares during the period. Asio Capital LLC raised its holdings in shares of Accenture by 1.1% during the third quarter. Asio Capital LLC now owns 9,121 shares of the information technology services provider’s stock worth $2,801,000 after acquiring an additional 103 shares in the last quarter. Peregrine Asset Advisers Inc. purchased a new stake in shares of Accenture during the third quarter worth $301,000. Finally, Panagora Asset Management Inc. raised its holdings in shares of Accenture by 25.5% during the third quarter. Panagora Asset Management Inc. now owns 12,727 shares of the information technology services provider’s stock worth $3,909,000 after acquiring an additional 2,589 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on ACN shares. Robert W. Baird raised their target price on Accenture from $364.00 to $375.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. TD Cowen decreased their price objective on Accenture from $363.00 to $350.00 and set a “market perform” rating on the stock in a report on Friday, March 22nd. Citigroup decreased their price objective on Accenture from $430.00 to $400.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. BNP Paribas raised Accenture from a “neutral” rating to an “outperform” rating and set a $440.00 price objective on the stock in a report on Wednesday, January 17th. Finally, Piper Sandler lifted their price objective on Accenture from $335.00 to $394.00 and gave the company a “neutral” rating in a report on Monday, March 18th. Nine analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $383.10.

Get Our Latest Analysis on Accenture

Insider Activity

In other news, insider Ellyn Shook sold 5,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the completion of the transaction, the insider now owns 13,699 shares of the company’s stock, valued at $4,208,606.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Accenture news, CEO Jean-Marc Ollagnier sold 6,250 shares of Accenture stock in a transaction on Friday, April 12th. The shares were 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 of the company’s stock, valued at $51,045,053.71. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the completion of the sale, the insider now directly owns 13,699 shares of the company’s stock, valued at $4,208,606.78. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,083 shares of company stock valued at $8,959,325. Insiders own 0.07% of the company’s stock.

Accenture Price Performance

Accenture stock traded down $3.02 during trading hours on Wednesday, hitting $303.93. The company had a trading volume of 1,542,111 shares, compared to its average volume of 2,472,635. Accenture plc has a one year low of $276.36 and a one year high of $387.51. The firm has a market cap of $203.86 billion, a PE ratio of 27.41, a PEG ratio of 2.91 and a beta of 1.21. The firm has a 50-day moving average of $333.08 and a 200 day moving average of $342.87.

Accenture (NYSE:ACNGet Free Report) last issued its earnings results on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $15.85 billion. During the same quarter last year, the business posted $2.69 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. As a group, research analysts expect that Accenture plc will post 12.09 earnings per share for the current year.

Accenture Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th will be paid a dividend of $1.29 per share. This represents a $5.16 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Wednesday, April 10th. Accenture’s payout ratio is currently 46.78%.

Accenture Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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