Peloton Wealth Strategists Buys 68 Shares of Accenture plc (NYSE:ACN)

Peloton Wealth Strategists grew its stake in shares of Accenture plc (NYSE:ACNFree Report) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,903 shares of the information technology services provider’s stock after acquiring an additional 68 shares during the quarter. Peloton Wealth Strategists’ holdings in Accenture were worth $1,721,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. McKinley Carter Wealth Services Inc. increased its holdings in Accenture by 7.4% in the 4th quarter. McKinley Carter Wealth Services Inc. now owns 29,204 shares of the information technology services provider’s stock worth $10,248,000 after buying an additional 2,008 shares in the last quarter. TrinityPoint Wealth LLC increased its holdings in Accenture by 3.6% in the 4th quarter. TrinityPoint Wealth LLC now owns 3,646 shares of the information technology services provider’s stock worth $1,279,000 after buying an additional 125 shares in the last quarter. Buckingham Capital Management Inc. increased its holdings in Accenture by 3.4% in the 4th quarter. Buckingham Capital Management Inc. now owns 27,559 shares of the information technology services provider’s stock worth $9,671,000 after buying an additional 900 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Accenture by 2.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,284,770 shares of the information technology services provider’s stock worth $1,315,832,000 after buying an additional 96,414 shares in the last quarter. Finally, Redwood Investments LLC increased its holdings in Accenture by 8.3% in the 4th quarter. Redwood Investments LLC now owns 20,227 shares of the information technology services provider’s stock worth $7,098,000 after buying an additional 1,542 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ACN has been the subject of a number of recent research reports. TD Cowen cut their price target on Accenture from $350.00 to $294.00 and set a “hold” rating for the company in a research note on Tuesday. Piper Sandler boosted their price target on Accenture from $335.00 to $394.00 and gave the company a “neutral” rating in a research note on Monday, March 18th. Redburn Atlantic boosted their price target on Accenture from $410.00 to $445.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Wedbush cut their price target on Accenture from $400.00 to $350.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft downgraded Accenture from a “buy” rating to a “hold” rating and cut their price target for the company from $409.00 to $295.00 in a research note on Wednesday, May 15th. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $367.50.

Get Our Latest Analysis on Accenture

Accenture Stock Up 1.2 %

NYSE ACN traded up $3.45 during trading hours on Friday, reaching $285.77. The company’s stock had a trading volume of 1,705,092 shares, compared to its average volume of 2,624,457. The firm’s 50-day moving average price is $305.27 and its 200-day moving average price is $338.98. Accenture plc has a 1 year low of $278.69 and a 1 year high of $387.51. The company has a market capitalization of $191.68 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 3.11 and a beta of 1.21.

Accenture (NYSE:ACNGet Free Report) last posted its quarterly earnings results on Thursday, March 21st. The information technology services provider reported $2.77 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.11. Accenture had a return on equity of 28.30% and a net margin of 10.89%. The company had revenue of $15.80 billion for the quarter, compared to analysts’ expectations of $15.85 billion. During the same period in the previous year, the firm earned $2.69 EPS. The firm’s revenue was down .1% compared to the same quarter last year. Equities research analysts anticipate that Accenture plc will post 12.08 EPS for the current fiscal year.

Accenture Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th were issued a dividend of $1.29 per share. The ex-dividend date of this dividend was Wednesday, April 10th. This represents a $5.16 annualized dividend and a dividend yield of 1.81%. Accenture’s dividend payout ratio (DPR) is 46.78%.

Insider Transactions at Accenture

In other news, General Counsel Joel Unruch sold 4,333 shares of the company’s stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $316.12, for a total transaction of $1,369,747.96. Following the sale, the general counsel now directly owns 30,702 shares of the company’s stock, valued at approximately $9,705,516.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, General Counsel Joel Unruch sold 4,333 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $316.12, for a total transaction of $1,369,747.96. Following the transaction, the general counsel now owns 30,702 shares of the company’s stock, valued at approximately $9,705,516.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ellyn Shook sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $307.22, for a total value of $1,536,100.00. Following the transaction, the insider now directly owns 13,699 shares in the company, valued at approximately $4,208,606.78. The disclosure for this sale can be found here. Insiders have sold 28,083 shares of company stock valued at $8,959,325 in the last ninety days. Corporate insiders own 0.07% of the company’s stock.

Accenture Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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