Accenture plc (NYSE:ACN) Shares Acquired by Sandy Spring Bank

Sandy Spring Bank increased its position in shares of Accenture plc (NYSE:ACNFree Report) by 0.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 43,238 shares of the information technology services provider’s stock after purchasing an additional 32 shares during the quarter. Accenture accounts for 0.8% of Sandy Spring Bank’s investment portfolio, making the stock its 28th biggest holding. Sandy Spring Bank’s holdings in Accenture were worth $15,173,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ACN. Chilton Capital Management LLC raised its holdings in Accenture by 180.0% during 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 during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Accenture in the first quarter valued at $28,000. BluePath Capital Management LLC purchased a new stake in shares of Accenture in the third quarter valued at $31,000. Halpern Financial Inc. purchased a new stake in shares of Accenture in the fourth quarter valued at $31,000. Finally, RVW Wealth LLC purchased a new stake in shares of Accenture in the third quarter valued at $33,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ACN shares. Wedbush lifted their price objective on Accenture from $330.00 to $360.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. Guggenheim started coverage on Accenture in a research report on Tuesday, March 19th. They set a “buy” rating and a $425.00 price target for the company. BNP Paribas raised Accenture from a “neutral” rating to an “outperform” rating and set a $440.00 price target for the company in a research report on Wednesday, January 17th. Stifel Nicolaus boosted their price target on Accenture from $363.00 to $395.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Finally, Piper Sandler boosted their price target on Accenture from $335.00 to $394.00 and gave the company a “neutral” rating in a research report on Monday, March 18th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $387.00.

Check Out Our Latest Stock Report on ACN

Accenture Trading Up 0.3 %

NYSE:ACN opened at $325.34 on Friday. The firm has a market capitalization of $218.22 billion, a PE ratio of 29.50, a price-to-earnings-growth ratio of 3.07 and a beta of 1.19. The stock has a 50 day moving average of $361.70 and a 200-day moving average of $341.61. Accenture plc has a 52 week low of $261.68 and a 52 week high of $387.51.

Accenture (NYSE:ACNGet Free Report) last posted its earnings results on Thursday, March 21st. The information technology services provider reported $2.77 EPS for the quarter, beating the consensus estimate of $2.66 by $0.11. The company had revenue of $15.80 billion during the quarter, compared to analyst estimates of $15.85 billion. Accenture had a return on equity of 28.30% and a net margin of 10.89%. The business’s revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.69 earnings per share. As a group, analysts predict that Accenture plc will post 12.1 EPS for the current fiscal year.

Accenture Announces Dividend

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 issued a $1.29 dividend. This represents a $5.16 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Wednesday, April 10th. Accenture’s dividend payout ratio (DPR) is 46.78%.

Insider Buying and Selling

In related news, CAO Melissa A. Burgum sold 3,010 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $371.80, for a total value of $1,119,118.00. Following the completion of the transaction, the chief accounting officer now directly owns 9,193 shares of the company’s stock, valued at approximately $3,417,957.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Accenture news, COO John F. Walsh sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $332.13, for a total value of $2,657,040.00. Following the completion of the sale, the chief operating officer now directly owns 17,877 shares in the company, valued at $5,937,488.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Melissa A. Burgum sold 3,010 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $371.80, for a total value of $1,119,118.00. Following the completion of the sale, the chief accounting officer now owns 9,193 shares of the company’s stock, valued at $3,417,957.40. The disclosure for this sale can be found here. Insiders sold 31,000 shares of company stock valued at $11,146,998 in the last three months. 0.07% of the stock is currently owned by corporate insiders.

About Accenture

(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.

See Also

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.