Oakworth Capital Inc. Buys 54 Shares of Accenture plc (NYSE:ACN)

Oakworth Capital Inc. boosted its holdings in shares of Accenture plc (NYSE:ACN) by 9.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 650 shares of the information technology services provider’s stock after buying an additional 54 shares during the quarter. Oakworth Capital Inc.’s holdings in Accenture were worth $228,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Accenture by 0.3% during the third quarter. Vanguard Group Inc. now owns 58,434,025 shares of the information technology services provider’s stock valued at $17,945,673,000 after buying an additional 184,541 shares during the last quarter. State Street Corp grew its holdings in shares of Accenture by 2.7% during the first quarter. State Street Corp now owns 26,453,884 shares of the information technology services provider’s stock valued at $7,560,765,000 after buying an additional 704,657 shares during the last quarter. Morgan Stanley grew its holdings in shares of Accenture by 14.9% during the fourth quarter. Morgan Stanley now owns 16,642,841 shares of the information technology services provider’s stock valued at $4,440,976,000 after buying an additional 2,163,582 shares during the last quarter. FMR LLC grew its holdings in shares of Accenture by 4.4% during the third quarter. FMR LLC now owns 13,316,028 shares of the information technology services provider’s stock valued at $4,089,485,000 after buying an additional 565,505 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Accenture by 7.0% during the third quarter. Wellington Management Group LLP now owns 11,034,666 shares of the information technology services provider’s stock valued at $3,388,856,000 after buying an additional 720,647 shares during the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Stock Up 0.2 %

Accenture stock opened at $314.54 on Thursday. The firm has a market cap of $210.97 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 2.98 and a beta of 1.19. Accenture plc has a 52-week low of $261.68 and a 52-week high of $387.51. The company’s 50 day moving average is $357.35 and its two-hundred day moving average is $341.95.

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

Accenture Announces Dividend

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

Insider Activity

In other news, CEO Jean-Marc Ollagnier sold 6,250 shares of Accenture stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $362.77, for a total value of $2,267,312.50. Following the sale, the chief executive officer now owns 167,831 shares of the company’s stock, valued at $60,884,051.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Jean-Marc Ollagnier sold 6,250 shares of the firm’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $362.77, for a total value of $2,267,312.50. Following the completion of the sale, the chief executive officer now owns 167,831 shares in the company, valued at $60,884,051.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kathleen R. Mcclure sold 851 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $371.77, for a total transaction of $316,376.27. Following the completion of the sale, the chief financial officer now owns 50,737 shares of the company’s stock, valued at approximately $18,862,494.49. The disclosure for this sale can be found here. Insiders have sold a total of 41,750 shares of company stock valued at $14,543,436 over the last quarter. Corporate insiders own 0.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ACN shares. Susquehanna reissued a “neutral” rating and set a $360.00 price objective (down from $400.00) on shares of Accenture in a report on Thursday, March 21st. Royal Bank of Canada boosted their target price on shares of Accenture from $374.00 to $381.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Redburn Atlantic boosted their target price on shares of Accenture from $410.00 to $445.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Robert W. Baird boosted their target price on shares of Accenture from $364.00 to $375.00 and gave the company a “neutral” rating in a research report on Thursday, March 7th. Finally, Morgan Stanley boosted their target price on shares of Accenture from $400.00 to $417.00 and gave the company an “overweight” rating in a research report on Monday, March 18th. Eight 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 company currently has an average rating of “Moderate Buy” and a consensus target price of $387.00.

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.