Accenture plc (NYSE:ACN) Stake Boosted by Summit Trail Advisors LLC

Summit Trail Advisors LLC boosted its stake in shares of Accenture plc (NYSE:ACN) by 7.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,065 shares of the information technology services provider’s stock after purchasing an additional 331 shares during the quarter. Summit Trail Advisors LLC’s holdings in Accenture were worth $1,777,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Chilton Capital Management LLC grew its stake in shares of Accenture by 180.0% in the fourth quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 45 shares in the last quarter. DiNuzzo Private Wealth Inc. bought a new position in Accenture in the 4th quarter valued at about $27,000. Halpern Financial Inc. acquired a new position in Accenture during the 4th quarter valued at about $31,000. BluePath Capital Management LLC bought a new stake in shares of Accenture during the 3rd quarter worth about $31,000. Finally, Valued Wealth Advisors LLC bought a new position in shares of Accenture in the fourth quarter valued at approximately $50,000. 75.14% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Accenture news, insider Ellyn Shook sold 5,000 shares of the stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the transaction, the insider now directly owns 13,699 shares of the company’s stock, valued at $4,208,606.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Ellyn Shook sold 5,000 shares of Accenture 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 owns 13,699 shares of the company’s stock, valued at $4,208,606.78. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jean-Marc Ollagnier sold 6,250 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $315.91, for a total transaction of $1,974,437.50. Following the sale, the chief executive officer now directly owns 161,581 shares of the company’s stock, valued at $51,045,053.71. The disclosure for this sale can be found here. Insiders sold 28,083 shares of company stock valued at $8,959,325 over the last ninety days. Corporate insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on ACN shares. TD Cowen decreased their price target on Accenture from $363.00 to $350.00 and set a “market perform” rating for the company in a research note on Friday, March 22nd. Bank of America lifted their price objective on shares of Accenture from $379.00 to $419.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. BNP Paribas upgraded shares of Accenture from a “neutral” rating to an “outperform” rating and set a $440.00 target price for the company in a report on Wednesday, January 17th. Piper Sandler upped their price target on Accenture from $335.00 to $394.00 and gave the company a “neutral” rating in a report on Monday, March 18th. Finally, BMO Capital Markets reduced their price objective on Accenture from $385.00 to $375.00 and set a “market perform” rating for the company in a research note on Friday, March 22nd. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $387.00.

Accenture Trading Up 0.8 %

ACN stock traded up $2.39 during midday trading on Monday, reaching $306.10. The company had a trading volume of 2,361,326 shares, compared to its average volume of 2,501,520. The company has a 50 day moving average of $342.95 and a two-hundred day moving average of $342.23. The company has a market capitalization of $205.31 billion, a P/E ratio of 27.53, a PEG ratio of 2.88 and a beta of 1.21. Accenture plc has a 1 year low of $261.68 and a 1 year high of $387.51.

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

Accenture Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 11th will be given a dividend of $1.29 per share. This represents a $5.16 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Wednesday, April 10th. Accenture’s payout ratio is presently 46.78%.

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.