Avior Wealth Management LLC Boosts Stock Holdings in Accenture plc (NYSE:ACN)

Avior Wealth Management LLC boosted its position in Accenture plc (NYSE:ACN) by 0.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 11,820 shares of the information technology services provider’s stock after purchasing an additional 43 shares during the period. Avior Wealth Management LLC’s holdings in Accenture were worth $4,148,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Brave Asset Management Inc. grew its holdings in shares of Accenture by 2.8% during the 4th quarter. Brave Asset Management Inc. now owns 1,028 shares of the information technology services provider’s stock worth $361,000 after purchasing an additional 28 shares during the period. KMG Fiduciary Partners LLC grew its holdings in shares of Accenture by 4.0% during the 4th quarter. KMG Fiduciary Partners LLC now owns 760 shares of the information technology services provider’s stock worth $267,000 after purchasing an additional 29 shares during the period. Carr Financial Group Corp grew its holdings in shares of Accenture by 2.4% during the 4th quarter. Carr Financial Group Corp now owns 1,245 shares of the information technology services provider’s stock worth $437,000 after purchasing an additional 29 shares during the period. Allworth Financial LP grew its holdings in shares of Accenture by 0.5% during the 4th quarter. Allworth Financial LP now owns 6,062 shares of the information technology services provider’s stock worth $2,127,000 after purchasing an additional 30 shares during the period. Finally, Jag Capital Management LLC grew its holdings in shares of Accenture by 0.3% during the 3rd quarter. Jag Capital Management LLC now owns 9,271 shares of the information technology services provider’s stock worth $2,847,000 after purchasing an additional 31 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Buying and Selling at Accenture

In other news, General Counsel Joel Unruch sold 4,333 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $371.83, for a total transaction of $1,611,139.39. Following the transaction, the general counsel now directly owns 34,795 shares in the company, valued at approximately $12,937,824.85. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, General Counsel Joel Unruch sold 4,333 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $371.83, for a total value of $1,611,139.39. Following the transaction, the general counsel now owns 34,795 shares in the company, valued at $12,937,824.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO John F. Walsh sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $332.13, for a total transaction of $2,657,040.00. Following the completion of the transaction, the chief operating officer now owns 17,877 shares in the company, valued at approximately $5,937,488.01. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,000 shares of company stock worth $11,146,998. Corporate insiders own 0.07% of the company’s stock.

Accenture Stock Performance

NYSE ACN traded up $0.67 during trading hours on Tuesday, reaching $313.94. The company’s stock had a trading volume of 2,900,253 shares, compared to its average volume of 2,362,851. The stock has a market cap of $210.57 billion, a PE ratio of 28.41, a PEG ratio of 2.99 and a beta of 1.19. Accenture plc has a fifty-two week low of $261.68 and a fifty-two week high of $387.51. The company’s 50-day moving average is $359.41 and its two-hundred day moving average is $342.09.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.11. The firm had revenue of $15.80 billion for the quarter, compared to analysts’ expectations of $15.85 billion. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The firm’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company earned $2.69 EPS. Equities analysts expect that Accenture plc will post 12.09 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th will be issued a $1.29 dividend. The ex-dividend date is Wednesday, April 10th. This represents a $5.16 dividend on an annualized basis and a yield of 1.64%. Accenture’s dividend payout ratio (DPR) is 46.78%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. TD Cowen decreased their target price on Accenture from $363.00 to $350.00 and set a “market perform” rating on the stock in a research note on Friday, March 22nd. Royal Bank of Canada raised their target price on Accenture from $374.00 to $381.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Citigroup cut their target price on Accenture from $430.00 to $400.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Stifel Nicolaus raised their price target on Accenture from $363.00 to $395.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Finally, Mizuho reissued a “buy” rating and issued a $398.00 price objective (down from $426.00) on shares of Accenture in a report on Friday, March 22nd. Eight 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $387.00.

Accenture 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.