Integrated Advisors Network LLC Has $5.83 Million Stake in Accenture plc (NYSE:ACN)

Integrated Advisors Network LLC grew its holdings in shares of Accenture plc (NYSE:ACN) by 92.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,585 shares of the information technology services provider’s stock after acquiring an additional 7,975 shares during the quarter. Integrated Advisors Network LLC’s holdings in Accenture were worth $5,834,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FPC Investment Advisory Inc. boosted its holdings in Accenture by 62.2% in the fourth quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock valued at $28,000 after acquiring an additional 28 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in Accenture in the 4th quarter valued at $30,000. Mpwm Advisory Solutions LLC purchased a new stake in Accenture in the 4th quarter valued at $30,000. POM Investment Strategies LLC raised its position in 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 buying an additional 34 shares during the last quarter. Finally, Promus Capital LLC purchased a new stake in shares of Accenture during the 4th quarter valued at $34,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Trading Down 2.2%

ACN opened at $309.51 on Friday. Accenture plc has a 52 week low of $275.01 and a 52 week high of $398.35. The business has a fifty day simple moving average of $302.06 and a 200-day simple moving average of $340.11. The firm has a market cap of $193.86 billion, a P/E ratio of 25.97, a P/E/G ratio of 3.23 and a beta of 1.35. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17.

Accenture (NYSE:ACN) last released its earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.01. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The firm had revenue of $16.70 billion during the quarter, compared to analyst estimates of $16.64 billion. During the same period last year, the business posted $2.77 earnings per share. Accenture’s 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th were issued a $1.48 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $5.92 annualized dividend and a yield of 1.91%. Accenture’s dividend payout ratio (DPR) is presently 48.89%.

Wall Street Analyst Weigh In

ACN has been the subject of several recent research reports. UBS Group reissued a “buy” rating and issued a $395.00 price objective (up previously from $390.00) on shares of Accenture in a report on Thursday. Guggenheim cut their price objective on Accenture from $400.00 to $395.00 and set a “buy” rating for the company in a report on Friday, March 21st. Mizuho cut their target price on Accenture from $428.00 to $398.00 and set an “outperform” rating for the company in a research note on Wednesday, March 19th. Baird R W raised Accenture from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. Finally, Stifel Nicolaus lowered their price objective on Accenture from $390.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $382.14.

Insider Activity

In other Accenture news, insider Angela Beatty sold 169 shares of the business’s stock in a transaction 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 transaction, the insider now owns 5,364 shares in the company, valued at $1,512,111.60. The trade was a 3.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Joel Unruch sold 3,563 shares of the company’s stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $281.78, for a total transaction of $1,003,982.14. Following the completion of the sale, the general counsel now owns 17,237 shares in the company, valued at approximately $4,857,041.86. This trade represents a 17.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,516 shares of company stock valued at $2,507,366 in the last ninety days. Company insiders own 0.02% of the company’s stock.

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.