Accenture plc (NYSE:ACN) Shares Bought by Tucker Asset Management LLC

Tucker Asset Management LLC lifted its holdings in Accenture plc (NYSE:ACNFree Report) by 13.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 641 shares of the information technology services provider’s stock after purchasing an additional 78 shares during the period. Tucker Asset Management LLC’s holdings in Accenture were worth $225,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ACN. Pin Oak Investment Advisors Inc. boosted its stake in shares of Accenture by 8.2% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 357 shares of the information technology services provider’s stock valued at $125,000 after purchasing an additional 27 shares during the last quarter. Brave Asset Management Inc. boosted its stake in shares of Accenture by 2.8% in the 4th quarter. Brave Asset Management Inc. now owns 1,028 shares of the information technology services provider’s stock valued at $361,000 after purchasing an additional 28 shares during the last quarter. Addison Advisors LLC boosted its stake in shares of Accenture by 0.9% in the 4th quarter. Addison Advisors LLC now owns 3,181 shares of the information technology services provider’s stock valued at $1,116,000 after purchasing an additional 28 shares during the last quarter. Searle & CO. boosted its stake in shares of Accenture by 3.6% in the 4th quarter. Searle & CO. now owns 803 shares of the information technology services provider’s stock valued at $282,000 after purchasing an additional 28 shares during the last quarter. Finally, Sound View Wealth Advisors Group LLC boosted its stake in shares of Accenture by 2.1% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 1,363 shares of the information technology services provider’s stock valued at $478,000 after purchasing an additional 28 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Price Performance

ACN stock traded up $4.39 during midday trading on Friday, reaching $286.71. 2,966,211 shares of the company were exchanged, compared to its average volume of 3,117,430. The business has a 50-day moving average price of $304.35 and a two-hundred day moving average price of $338.71. Accenture plc has a one year low of $278.69 and a one year high of $387.51. The firm has a market capitalization of $192.31 billion, a price-to-earnings ratio of 25.99, a price-to-earnings-growth ratio of 3.07 and a beta of 1.21.

Accenture (NYSE:ACNGet Free Report) last released its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $15.85 billion. During the same period in the previous year, the business posted $2.69 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, analysts anticipate that Accenture plc will post 12.08 earnings per share for the current fiscal year.

Accenture Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th were given a $1.29 dividend. The ex-dividend date of this dividend was Wednesday, April 10th. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.80%. Accenture’s payout ratio is presently 46.78%.

Analyst Ratings Changes

ACN has been the topic of several recent analyst reports. Stifel Nicolaus reduced their price objective on shares of Accenture from $395.00 to $340.00 and set a “buy” rating on the stock in a research note on Wednesday. Bank of America reduced their price objective on shares of Accenture from $419.00 to $365.00 and set a “buy” rating on the stock in a research note on Wednesday, June 5th. Guggenheim reissued a “buy” rating and set a $395.00 price objective on shares of Accenture in a research note on Friday, May 24th. Redburn Atlantic lifted their price objective on shares of Accenture from $410.00 to $445.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Finally, Piper Sandler lifted their price objective on shares of Accenture from $335.00 to $394.00 and gave the stock a “neutral” rating in a research note on Monday, March 18th. Ten equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $367.50.

Check Out Our Latest Research Report on Accenture

Insider Activity

In related news, COO John F. Walsh sold 8,000 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $332.13, for a total value of $2,657,040.00. Following the completion of the transaction, the chief operating officer now owns 17,877 shares of the company’s stock, valued at $5,937,488.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, COO John F. Walsh sold 8,000 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $332.13, for a total value of $2,657,040.00. Following the completion of the transaction, the chief operating officer now owns 17,877 shares of the company’s stock, valued at $5,937,488.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Kathleen R. Mcclure sold 4,500 shares of the business’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $316.00, for a total value of $1,422,000.00. Following the completion of the transaction, the chief financial officer now directly owns 42,781 shares of the company’s stock, valued at approximately $13,518,796. 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. 0.07% of the stock is owned by company insiders.

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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