Janney Montgomery Scott LLC Has $33.02 Million Stock Holdings in Accenture plc (NYSE:ACN)

Janney Montgomery Scott LLC decreased its holdings in shares of Accenture plc (NYSE:ACNFree Report) by 2.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,503 shares of the information technology services provider’s stock after selling 2,653 shares during the period. Janney Montgomery Scott LLC’s holdings in Accenture were worth $33,016,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Journey Strategic Wealth LLC raised its stake in Accenture by 6.2% during the 3rd quarter. Journey Strategic Wealth LLC now owns 1,526 shares of the information technology services provider’s stock worth $469,000 after buying an additional 89 shares during the period. Soltis Investment Advisors LLC raised its stake in Accenture by 3.3% during the 3rd quarter. Soltis Investment Advisors LLC now owns 2,284 shares of the information technology services provider’s stock worth $701,000 after buying an additional 74 shares during the period. Atria Wealth Solutions Inc. raised its stake in Accenture by 5.5% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 19,379 shares of the information technology services provider’s stock worth $5,951,000 after buying an additional 1,003 shares during the period. Mattern Capital Management LLC raised its stake in Accenture by 8.3% during the 3rd quarter. Mattern Capital Management LLC now owns 27,725 shares of the information technology services provider’s stock worth $8,515,000 after buying an additional 2,125 shares during the period. Finally, Sowell Financial Services LLC purchased a new stake in shares of Accenture in the third quarter worth approximately $3,615,000. Institutional investors own 70.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ACN. Redburn Atlantic began coverage on Accenture in a research report on Thursday, November 16th. They set a “buy” rating and a $410.00 price target for the company. BMO Capital Markets increased their price target on Accenture from $350.00 to $385.00 and gave the company a “market perform” rating in a research report on Wednesday, December 20th. StockNews.com raised Accenture from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Morgan Stanley increased their price target on Accenture from $369.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Finally, Wedbush increased their price target on Accenture from $330.00 to $360.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Accenture has a consensus rating of “Moderate Buy” and an average price target of $361.63.

Check Out Our Latest Analysis on ACN

Accenture Price Performance

Accenture stock opened at $370.34 on Tuesday. Accenture plc has a one year low of $242.80 and a one year high of $375.73. The business has a fifty day moving average price of $350.50 and a 200-day moving average price of $326.81. The firm has a market capitalization of $232.32 billion, a P/E ratio of 34.32, a PEG ratio of 3.43 and a beta of 1.21.

Accenture (NYSE:ACNGet Free Report) last posted its quarterly earnings data on Tuesday, December 19th. The information technology services provider reported $3.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.14 by $0.13. The company had revenue of $16.22 billion during the quarter, compared to analyst estimates of $16.17 billion. Accenture had a return on equity of 29.08% and a net margin of 10.65%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the company earned $3.08 earnings per share. Sell-side analysts expect that Accenture plc will post 12.22 earnings per share for the current fiscal year.

Accenture Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, January 18th will be paid a dividend of $1.29 per share. This represents a $5.16 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Wednesday, January 17th. Accenture’s dividend payout ratio is 47.82%.

Insider Activity at Accenture

In related news, CEO Jean-Marc Ollagnier sold 6,250 shares of Accenture stock in a transaction on Friday, January 19th. The stock was sold at an average price of $362.77, for a total transaction of $2,267,312.50. Following the completion of the sale, the chief executive officer now owns 167,831 shares of the company’s stock, valued at $60,884,051.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Accenture news, Director Paula A. Price sold 551 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $345.36, for a total transaction of $190,293.36. Following the sale, the director now owns 6,583 shares in the company, valued at $2,273,504.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the chief executive officer now owns 167,831 shares in the company, valued at approximately $60,884,051.87. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,995 shares of company stock valued at $8,422,830. Company insiders own 0.07% of the company’s stock.

Accenture Company 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.

Further Reading

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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