Baldwin Wealth Partners LLC MA Acquires 1,633 Shares of Accenture plc (NYSE:ACN)

Baldwin Wealth Partners LLC MA raised its holdings in shares of Accenture plc (NYSE:ACN) by 2.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,062 shares of the information technology services provider’s stock after acquiring an additional 1,633 shares during the quarter. Accenture makes up about 1.4% of Baldwin Wealth Partners LLC MA’s investment portfolio, making the stock its 20th biggest position. Baldwin Wealth Partners LLC MA’s holdings in Accenture were worth $20,302,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. FPC Investment Advisory Inc. increased its position in shares of Accenture by 62.2% during the fourth quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock worth $28,000 after purchasing an additional 28 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Accenture in the 4th quarter valued at $30,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Accenture in the 4th quarter valued at $30,000. POM Investment Strategies LLC increased its position in shares of Accenture by 64.2% in the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock valued at $31,000 after acquiring an additional 34 shares during the period. Finally, Park Square Financial Group LLC acquired a new position in shares of Accenture in the 4th quarter valued at $31,000. 75.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ACN shares. BMO Capital Markets upped their target price on Accenture to $355.00 and gave the company a “hold” rating in a research report on Wednesday, March 26th. Mizuho cut their price target on Accenture from $428.00 to $398.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 19th. Stifel Nicolaus cut their price target on Accenture from $390.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Royal Bank of Canada cut their price target on Accenture from $399.00 to $392.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. Finally, Barclays cut their price target on Accenture from $415.00 to $390.00 and set an “overweight” rating on the stock in a research report on Monday, March 24th. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $382.14.

Insider Transactions at Accenture

In other Accenture news, insider Angela Beatty sold 169 shares of the business’s stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $281.90, for a total value of $47,641.10. Following the completion of the sale, the insider now directly owns 5,364 shares of the company’s stock, valued at $1,512,111.60. The trade was a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO John F. Walsh sold 2,500 shares of the company’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $325.00, for a total transaction of $812,500.00. Following the sale, the chief operating officer now directly owns 15,882 shares of the company’s stock, valued at approximately $5,161,650. This represents a 13.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,516 shares of company stock valued at $2,507,366 over the last ninety days. Corporate insiders own 0.02% of the company’s stock.

Accenture Trading Up 0.7%

Accenture stock opened at $317.49 on Monday. The firm’s 50-day moving average is $303.15 and its 200-day moving average is $336.95. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. Accenture plc has a 1 year low of $275.01 and a 1 year high of $398.35. The company has a market cap of $198.85 billion, a P/E ratio of 26.64, a PEG ratio of 3.23 and a beta of 1.33.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.01. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The firm had revenue of $16.70 billion for the quarter, compared to the consensus estimate of $16.64 billion. During the same period last year, the firm posted $2.77 EPS. Accenture’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, equities analysts expect that Accenture plc will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th were given a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 1.86%. The ex-dividend date was Thursday, April 10th. Accenture’s dividend payout ratio (DPR) is currently 48.89%.

Accenture Company 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.