SageView Advisory Group LLC Purchases 780 Shares of Accenture plc (NYSE:ACN)

SageView Advisory Group LLC increased its position in shares of Accenture plc (NYSE:ACN) by 47.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,429 shares of the information technology services provider’s stock after acquiring an additional 780 shares during the period. SageView Advisory Group LLC’s holdings in Accenture were worth $855,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Baldwin Wealth Partners LLC MA lifted its position in shares of Accenture by 6.5% in the 4th quarter. Baldwin Wealth Partners LLC MA now owns 63,429 shares of the information technology services provider’s stock worth $22,314,000 after purchasing an additional 3,883 shares during the period. Davidson Trust Co. boosted its position in Accenture by 7.4% during the fourth quarter. Davidson Trust Co. now owns 2,307 shares of the information technology services provider’s stock valued at $812,000 after acquiring an additional 158 shares during the last quarter. Franklin Street Advisors Inc. NC raised its position in shares of Accenture by 126.8% in the 4th quarter. Franklin Street Advisors Inc. NC now owns 40,051 shares of the information technology services provider’s stock worth $14,090,000 after acquiring an additional 22,391 shares in the last quarter. China Universal Asset Management Co. Ltd. boosted its position in shares of Accenture by 37.5% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 3,094 shares of the information technology services provider’s stock valued at $1,088,000 after purchasing an additional 843 shares in the last quarter. Finally, SteelPeak Wealth LLC increased its holdings in Accenture by 127.1% in the fourth quarter. SteelPeak Wealth LLC now owns 2,323 shares of the information technology services provider’s stock worth $817,000 after purchasing an additional 1,300 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors.

Accenture Price Performance

Shares of NYSE:ACN opened at $289.93 on Tuesday. The firm has a market capitalization of $181.59 billion, a PE ratio of 24.32, a P/E/G ratio of 3.23 and a beta of 1.32. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average price of $334.44 and a two-hundred day moving average price of $351.59. Accenture plc has a twelve month low of $275.01 and a twelve month high of $398.35.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.01. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The business had revenue of $16.70 billion during the quarter, compared to analyst estimates of $16.64 billion. During the same period in the previous year, the business earned $2.77 EPS. Accenture’s revenue was up 5.7% compared to the same quarter last year. Equities analysts forecast that Accenture plc will post 12.73 EPS for the current year.

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th will be given a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Thursday, April 10th. Accenture’s dividend payout ratio is presently 48.89%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ACN. Mizuho dropped their target price 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. Stifel Nicolaus reduced their target price on Accenture from $390.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. StockNews.com lowered Accenture from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. Barclays lowered their target price on Accenture from $415.00 to $390.00 and set an “overweight” rating on the stock in a research report on Monday, March 24th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Accenture from $370.00 to $396.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Eight 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $378.23.

Insider Transactions at Accenture

In other Accenture news, insider Angela Beatty sold 961 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $354.47, for a total value of $340,645.67. Following the sale, the insider now directly owns 5,484 shares in the company, valued at $1,943,913.48. This represents a 14.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Melissa A. Burgum sold 1,487 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer now owns 9,247 shares of the company’s stock, valued at $3,278,431.38. This trade represents a 13.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,921 shares of company stock valued at $9,876,619. 0.02% of the stock is currently owned by corporate insiders.

About Accenture

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.