Saxony Capital Management LLC Takes $329,000 Position in Accenture plc (NYSE:ACN)

Saxony Capital Management LLC bought a new stake in shares of Accenture plc (NYSE:ACNFree Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 937 shares of the information technology services provider’s stock, valued at approximately $329,000.

Other institutional investors have also made changes to their positions in the company. Chilton Capital Management LLC raised 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 acquiring an additional 45 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new position in shares of Accenture in the first quarter worth about $28,000. BluePath Capital Management LLC bought a new stake in shares of Accenture during the third quarter worth approximately $31,000. Halpern Financial Inc. bought a new stake in shares of Accenture during the fourth quarter worth approximately $31,000. Finally, RVW Wealth LLC bought a new stake in shares of Accenture during the third quarter worth approximately $33,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ACN shares. Robert W. Baird boosted their price target on shares of Accenture from $364.00 to $375.00 and gave the stock a “neutral” rating in a research note on Thursday, March 7th. Royal Bank of Canada boosted their price target on shares of Accenture from $374.00 to $381.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. Morgan Stanley upped their target price on shares of Accenture from $400.00 to $417.00 and gave the company an “overweight” rating in a research note on Monday, March 18th. BMO Capital Markets lowered their target price on shares of Accenture from $385.00 to $375.00 and set a “market perform” rating for the company in a research note on Friday, March 22nd. Finally, Stifel Nicolaus upped their target price on shares of Accenture from $363.00 to $395.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $387.00.

Read Our Latest Analysis on Accenture

Accenture Price Performance

Shares of ACN stock opened at $315.40 on Friday. The stock has a market cap of $211.55 billion, a P/E ratio of 28.59, a P/E/G ratio of 2.99 and a beta of 1.19. The company has a fifty day moving average price of $360.55 and a two-hundred day moving average price of $341.81. Accenture plc has a one year low of $261.68 and a one year high of $387.51.

Accenture (NYSE:ACNGet Free Report) last announced its quarterly earnings results on Thursday, March 21st. The information technology services provider reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.11. The firm had revenue of $15.80 billion during the quarter, compared to analysts’ expectations of $15.85 billion. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the company posted $2.69 earnings per share. As a group, equities research analysts anticipate that Accenture plc will post 12.09 EPS for the current fiscal year.

Accenture Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th will be paid a dividend of $1.29 per share. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Wednesday, April 10th. Accenture’s dividend payout ratio is presently 46.78%.

Insider Transactions at Accenture

In other Accenture news, COO John F. Walsh sold 8,000 shares of Accenture stock in a transaction dated Monday, March 25th. The shares were 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 owns 17,877 shares in the company, valued at approximately $5,937,488.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Accenture news, COO John F. Walsh sold 8,000 shares of Accenture stock in a transaction dated Monday, March 25th. The shares were 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 owns 17,877 shares in the company, valued at approximately $5,937,488.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Melissa A. Burgum sold 3,010 shares of Accenture stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $371.80, for a total transaction 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 approximately $3,417,957.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,000 shares of company stock worth $11,146,998. 0.07% of the stock is owned by 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.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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