MOR Wealth Management LLC Acquires New Shares in Accenture PLC $ACN

MOR Wealth Management LLC bought a new position in Accenture PLC (NYSE:ACNFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 29,641 shares of the information technology services provider’s stock, valued at approximately $7,953,000. Accenture comprises about 3.6% of MOR Wealth Management LLC’s investment portfolio, making the stock its 7th largest holding.

Several other large investors have also made changes to their positions in the company. Investors Research Corp lifted its stake in Accenture by 73.8% in the third quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 45 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Accenture by 132.6% in the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 61 shares in the last quarter. Triumph Capital Management acquired a new position in Accenture during the third quarter worth $26,000. Board of the Pension Protection Fund bought a new position in Accenture during the fourth quarter valued at about $27,000. Finally, Davis Capital Management acquired a new stake in shares of Accenture in the third quarter worth about $28,000. Institutional investors own 75.14% of the company’s stock.

Insider Activity

In related news, CEO John F. Walsh sold 3,986 shares of the firm’s stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $276.38, for a total value of $1,101,650.68. Following the completion of the transaction, the chief executive officer directly owned 27,221 shares of the company’s stock, valued at $7,523,339.98. This trade represents a 12.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Julie Spellman Sweet sold 6,057 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $241.23, for a total transaction of $1,461,130.11. Following the completion of the sale, the chief executive officer directly owned 15,255 shares in the company, valued at $3,679,963.65. This trade represents a 28.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 22,088 shares of company stock valued at $5,970,434. Corporate insiders own 0.02% of the company’s stock.

Accenture Stock Down 0.0%

ACN opened at $192.60 on Monday. Accenture PLC has a 1-year low of $187.00 and a 1-year high of $325.71. The business has a 50 day moving average of $225.44 and a 200-day moving average of $244.63. The stock has a market capitalization of $118.57 billion, a price-to-earnings ratio of 15.77, a P/E/G ratio of 1.83 and a beta of 1.27. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACNGet Free Report) last released its earnings results on Thursday, March 19th. The information technology services provider reported $2.93 EPS for the quarter, beating the consensus estimate of $2.84 by $0.09. The firm had revenue of $18.04 billion during the quarter, compared to analysts’ expectations of $17.80 billion. Accenture had a net margin of 10.61% and a return on equity of 26.33%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.82 EPS. As a group, sell-side analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 9th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $6.52 dividend on an annualized basis and a yield of 3.4%. Accenture’s dividend payout ratio (DPR) is 53.40%.

Trending Headlines about Accenture

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Analysts Set New Price Targets

ACN has been the topic of a number of analyst reports. TD Cowen lowered their price objective on Accenture from $282.00 to $275.00 and set a “buy” rating on the stock in a report on Monday, March 16th. Guggenheim decreased their target price on Accenture from $275.00 to $250.00 and set a “buy” rating for the company in a research report on Friday, March 20th. UBS Group reissued a “buy” rating on shares of Accenture in a research report on Tuesday, March 17th. Evercore reaffirmed an “outperform” rating and set a $300.00 price objective on shares of Accenture in a report on Thursday, December 18th. Finally, Truist Financial dropped their target price on shares of Accenture from $317.00 to $260.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Eighteen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $274.88.

View Our Latest Stock Analysis on ACN

Accenture Company Profile

(Free Report)

Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.

The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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