Symmetry Investments LP Invests $432,000 in Accenture plc (NYSE:ACN)

Symmetry Investments LP purchased a new position in Accenture plc (NYSE:ACNFree Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,230 shares of the information technology services provider’s stock, valued at approximately $432,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Chilton Capital Management LLC lifted its holdings in shares of Accenture by 180.0% in the fourth quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock worth $25,000 after buying an additional 45 shares in the last quarter. DiNuzzo Private Wealth Inc. bought a new position in shares of Accenture in the fourth quarter worth approximately $27,000. Halpern Financial Inc. bought a new position in shares of Accenture in the fourth quarter worth approximately $31,000. Laffer Tengler Investments Inc. increased its position in shares of Accenture by 142.9% in the fourth quarter. Laffer Tengler Investments Inc. now owns 102 shares of the information technology services provider’s stock worth $36,000 after purchasing an additional 60 shares during the last quarter. Finally, Private Wealth Management Group LLC bought a new position in shares of Accenture in the fourth quarter worth approximately $43,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Accenture

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Bank of America decreased their price objective on shares of Accenture from $419.00 to $365.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. TD Cowen decreased their price objective on shares of Accenture from $363.00 to $350.00 and set a “market perform” rating on the stock in a research report on Friday, March 22nd. Stifel Nicolaus increased their price target on shares of Accenture from $363.00 to $395.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Robert W. Baird reduced their price target on shares of Accenture from $372.00 to $345.00 and set a “neutral” rating on the stock in a research report on Thursday, May 16th. Finally, StockNews.com cut shares of Accenture from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $373.00.

Check Out Our Latest Report on Accenture

Accenture Trading Up 0.7 %

Shares of Accenture stock opened at $290.43 on Tuesday. The firm has a market capitalization of $194.80 billion, a P/E ratio of 26.32, a P/E/G ratio of 3.13 and a beta of 1.22. The business has a fifty day simple moving average of $308.01 and a two-hundred day simple moving average of $340.04. Accenture plc has a 12 month low of $278.69 and a 12 month high of $387.51.

Accenture (NYSE:ACNGet Free Report) last announced its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 EPS for the quarter, beating the consensus estimate of $2.66 by $0.11. The business had revenue of $15.80 billion during the quarter, compared to analyst estimates of $15.85 billion. Accenture had a return on equity of 28.30% and a net margin of 10.89%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the firm posted $2.69 earnings per share. Analysts predict that Accenture plc will post 12.09 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th were given a $1.29 dividend. This represents a $5.16 annualized dividend and a dividend yield of 1.78%. The ex-dividend date was Wednesday, April 10th. Accenture’s dividend payout ratio is presently 46.78%.

Accenture Company 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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