Atria Wealth Solutions Inc. Buys 2,374 Shares of Accenture plc (NYSE:ACN)

Atria Wealth Solutions Inc. grew its stake in Accenture plc (NYSE:ACN) by 12.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,753 shares of the information technology services provider’s stock after purchasing an additional 2,374 shares during the period. Atria Wealth Solutions Inc.’s holdings in Accenture were worth $7,633,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in shares of Accenture by 7.0% during the 3rd quarter. Wellington Management Group LLP now owns 11,034,666 shares of the information technology services provider’s stock worth $3,388,856,000 after acquiring an additional 720,647 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Accenture by 34.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,374,492 shares of the information technology services provider’s stock worth $729,230,000 after purchasing an additional 611,376 shares during the period. Alphinity Investment Management Pty Ltd raised its position in Accenture by 71.4% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 1,388,701 shares of the information technology services provider’s stock worth $487,309,000 after purchasing an additional 578,610 shares during the period. International Assets Investment Management LLC raised its position in Accenture by 33,484.1% in the 4th quarter. International Assets Investment Management LLC now owns 567,572 shares of the information technology services provider’s stock worth $199,167,000 after purchasing an additional 565,882 shares during the period. Finally, FMR LLC raised its position in Accenture by 4.4% in the 3rd quarter. FMR LLC now owns 13,316,028 shares of the information technology services provider’s stock worth $4,089,485,000 after purchasing an additional 565,505 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Activity

In other news, CFO Kathleen R. Mcclure sold 851 shares of Accenture stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 50,737 shares of the company’s stock, valued at approximately $18,862,494.49. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Kathleen R. Mcclure sold 851 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $371.77, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Manish Sharma sold 1,486 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $370.39, for a total transaction of $550,399.54. Following the completion of the sale, the chief executive officer now directly owns 4,503 shares of the company’s stock, valued at approximately $1,667,866.17. The disclosure for this sale can be found here. Insiders sold a total of 27,490 shares of company stock valued at $9,056,564 in the last three months. 0.07% of the stock is currently owned by corporate insiders.

Accenture Trading Down 0.1 %

NYSE ACN traded down $0.35 on Friday, hitting $308.65. 412,391 shares of the company’s stock traded hands, compared to its average volume of 2,397,347. Accenture plc has a 1-year low of $261.68 and a 1-year high of $387.51. The firm’s 50-day moving average price is $350.89 and its two-hundred day moving average price is $341.97. The firm has a market capitalization of $207.02 billion, a PE ratio of 28.01, a P/E/G ratio of 2.97 and a beta of 1.19.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.11. The firm had revenue of $15.80 billion during 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 business’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.69 EPS. On average, research analysts anticipate 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. Stockholders of record on Thursday, April 11th will be issued a dividend of $1.29 per share. This represents a $5.16 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Wednesday, April 10th. Accenture’s dividend payout ratio (DPR) is 46.78%.

Analysts Set New Price Targets

ACN has been the topic of a number of analyst reports. Bank of America boosted their price objective on shares of Accenture from $379.00 to $419.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Mizuho reiterated a “buy” rating and set a $398.00 price target (down previously from $426.00) on shares of Accenture in a research report on Friday, March 22nd. Guggenheim began coverage on shares of Accenture in a research report on Tuesday, March 19th. They set a “buy” rating and a $425.00 price target on the stock. Royal Bank of Canada boosted their price target 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. Finally, Stifel Nicolaus boosted their price target on shares of Accenture from $363.00 to $395.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and a consensus target price 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.