Accenture plc (NYSE:ACN) Shares Purchased by Sand Hill Global Advisors LLC

Sand Hill Global Advisors LLC grew its stake in Accenture plc (NYSE:ACN) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,742 shares of the information technology services provider’s stock after acquiring an additional 128 shares during the quarter. Sand Hill Global Advisors LLC’s holdings in Accenture were worth $6,945,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. boosted its position in Accenture by 5.7% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 518 shares of the information technology services provider’s stock valued at $182,000 after buying an additional 28 shares during the period. FPC Investment Advisory Inc. increased its position in 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 buying an additional 28 shares during the period. New England Professional Planning Group Inc. raised its position in Accenture by 4.6% in the 4th quarter. New England Professional Planning Group Inc. now owns 655 shares of the information technology services provider’s stock valued at $230,000 after purchasing an additional 29 shares during the last quarter. Nemes Rush Group LLC raised its holdings in shares of Accenture by 7.5% in the fourth quarter. Nemes Rush Group LLC now owns 418 shares of the information technology services provider’s stock valued at $147,000 after buying an additional 29 shares during the last quarter. Finally, TCW Group Inc. lifted its position in Accenture by 0.3% during the 3rd quarter. TCW Group Inc. now owns 11,501 shares of the information technology services provider’s stock worth $4,065,000 after acquiring an additional 30 shares during the period. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ACN shares. StockNews.com cut Accenture from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. Royal Bank of Canada lowered their price target on Accenture from $399.00 to $392.00 and set an “outperform” rating for the company in a report on Friday, March 21st. Piper Sandler cut their target price on Accenture from $396.00 to $364.00 and set an “overweight” rating on the stock in a research report on Thursday, March 20th. Mizuho reduced their price target on shares of Accenture from $428.00 to $398.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 19th. Finally, Robert W. Baird upgraded Accenture from a “neutral” rating to an “outperform” rating and set a $390.00 target price for the company in a research note on Monday, March 17th. Eight investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $378.23.

Accenture Trading Down 0.0 %

Shares of NYSE:ACN opened at $285.01 on Tuesday. Accenture plc has a 52-week low of $275.01 and a 52-week high of $398.35. The company has a market capitalization of $178.51 billion, a P/E ratio of 23.91, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32. The company has a 50-day simple moving average of $347.92 and a 200 day simple moving average of $354.32. 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 (NYSE:ACN) last posted its earnings results on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.01. The firm had revenue of $16.70 billion during the quarter, compared to analysts’ expectations of $16.64 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.77 earnings per share. Sell-side analysts forecast that Accenture plc will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th will be paid a $1.48 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $5.92 annualized dividend and a dividend yield of 2.08%. Accenture’s payout ratio is 48.89%.

Insider Transactions at Accenture

In other Accenture news, CAO Melissa A. Burgum sold 1,487 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $354.54, for a total transaction of $527,200.98. Following the completion of the sale, the chief accounting officer now directly owns 9,247 shares of the company’s stock, valued at approximately $3,278,431.38. This represents a 13.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Angela Beatty sold 961 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $354.47, for a total value of $340,645.67. Following the completion of the transaction, the insider now owns 5,484 shares in the company, valued at $1,943,913.48. The trade was a 14.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,905 shares of company stock valued at $8,181,753. 0.02% of the stock is currently owned by corporate insiders.

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.