UMB Bank n.a. Sells 2,301 Shares of Accenture plc (NYSE:ACN)

UMB Bank n.a. cut its stake in shares of Accenture plc (NYSE:ACNFree Report) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,127 shares of the information technology services provider’s stock after selling 2,301 shares during the period. UMB Bank n.a.’s holdings in Accenture were worth $37,943,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ACN. Brave Asset Management Inc. grew its stake in shares of Accenture by 2.8% during the 4th quarter. Brave Asset Management Inc. now owns 1,028 shares of the information technology services provider’s stock valued at $361,000 after acquiring an additional 28 shares during the period. KMG Fiduciary Partners LLC lifted its holdings in Accenture by 4.0% in the 4th quarter. KMG Fiduciary Partners LLC now owns 760 shares of the information technology services provider’s stock worth $267,000 after purchasing an additional 29 shares in the last quarter. Jag Capital Management LLC lifted its holdings in Accenture by 0.3% in the 3rd quarter. Jag Capital Management LLC now owns 9,271 shares of the information technology services provider’s stock worth $2,847,000 after purchasing an additional 31 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in Accenture by 4.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 712 shares of the information technology services provider’s stock worth $250,000 after purchasing an additional 31 shares in the last quarter. Finally, Jump Financial LLC lifted its holdings in Accenture by 3.6% in the 3rd quarter. Jump Financial LLC now owns 917 shares of the information technology services provider’s stock worth $282,000 after purchasing an additional 32 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

ACN has been the topic of a number of research analyst reports. Susquehanna reissued a “neutral” rating and issued a $360.00 price target (down from $400.00) on shares of Accenture in a report on Thursday, March 21st. Wedbush upped their price objective on Accenture from $330.00 to $360.00 and gave the stock an “outperform” rating in a report on Thursday, December 14th. Bank of America upped their price objective on Accenture from $379.00 to $419.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Morgan Stanley increased their price target on Accenture from $400.00 to $417.00 and gave the company an “overweight” rating in a report on Monday, March 18th. Finally, TD Cowen decreased their price target on Accenture from $363.00 to $350.00 and set a “market perform” rating on the stock in a report on Friday, March 22nd. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $387.00.

Check Out Our Latest Stock Report on Accenture

Insider Activity

In related news, CFO Kathleen R. Mcclure sold 851 shares of the business’s stock in a transaction on Monday, January 29th. The stock was 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 Securities & Exchange Commission, which is available at the SEC website. In other news, COO John F. Walsh sold 8,000 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $332.13, for a total transaction of $2,657,040.00. Following the completion of the transaction, the chief operating officer now directly owns 17,877 shares of the company’s stock, valued at approximately $5,937,488.01. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Kathleen R. Mcclure sold 851 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $371.77, for a total value of $316,376.27. Following the transaction, the chief financial officer now directly owns 50,737 shares of the company’s stock, valued at $18,862,494.49. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,000 shares of company stock valued at $11,146,998. 0.07% of the stock is currently owned by corporate insiders.

Accenture Stock Performance

Shares of Accenture stock opened at $332.28 on Thursday. Accenture plc has a one year low of $261.68 and a one year high of $387.51. The company has a market cap of $222.87 billion, a price-to-earnings ratio of 30.13, a PEG ratio of 3.21 and a beta of 1.19. The business’s 50 day moving average price is $366.56 and its 200 day moving average price is $341.19.

Accenture (NYSE:ACNGet Free Report) last issued 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. 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 analysts’ expectations of $15.85 billion. During the same period in the previous year, the firm posted $2.69 earnings per share. The company’s revenue was down .1% on a year-over-year basis. On average, analysts predict that Accenture plc will post 12.1 EPS for the current fiscal year.

Accenture Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th will be paid a $1.29 dividend. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.55%. Accenture’s payout ratio is presently 46.78%.

Accenture 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.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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