Federated Hermes Inc. Has $72.82 Million Stock Holdings in Accenture plc (NYSE:ACN)

Federated Hermes Inc. lessened its holdings in shares of Accenture plc (NYSE:ACNFree Report) by 38.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 207,521 shares of the information technology services provider’s stock after selling 130,891 shares during the quarter. Federated Hermes Inc.’s holdings in Accenture were worth $72,821,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Chilton Capital Management LLC increased its position 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 buying an additional 45 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in Accenture during the 1st quarter valued at $28,000. BluePath Capital Management LLC bought a new position in Accenture during the third quarter worth $31,000. Halpern Financial Inc. bought a new position in shares of Accenture in the fourth quarter valued at about $31,000. Finally, RVW Wealth LLC acquired a new stake in shares of Accenture during the 3rd quarter worth about $33,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Activity at Accenture

In other Accenture news, CAO Melissa A. Burgum sold 3,010 shares of Accenture stock in a transaction on Friday, January 26th. The shares were sold at an average price of $371.80, for a total transaction of $1,119,118.00. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, General Counsel Joel Unruch sold 4,333 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $371.83, for a total value of $1,611,139.39. Following the sale, the general counsel now directly owns 34,795 shares in the company, valued at approximately $12,937,824.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Melissa A. Burgum sold 3,010 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were 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 in the company, valued at $3,417,957.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,500 shares of company stock valued at $12,276,123. 0.07% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on ACN. BNP Paribas upgraded shares of Accenture from a “neutral” rating to an “outperform” rating and set a $440.00 price objective on the stock in a research note on Wednesday, January 17th. Guggenheim began coverage on shares of Accenture in a research note on Tuesday, March 19th. They set a “buy” rating and a $425.00 price objective on the stock. Stifel Nicolaus increased their price objective on shares of Accenture from $363.00 to $395.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Susquehanna reiterated a “neutral” rating and set a $360.00 price objective (down from $400.00) on shares of Accenture in a research note on Thursday, March 21st. Finally, Redburn Atlantic increased their price objective on shares of Accenture from $410.00 to $445.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $387.00.

Get Our Latest Stock Analysis on Accenture

Accenture Stock Performance

Accenture stock opened at $316.00 on Friday. Accenture plc has a 52-week low of $261.68 and a 52-week high of $387.51. The firm has a 50 day moving average price of $356.30 and a two-hundred day moving average price of $341.77. The firm has a market cap of $211.95 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 2.98 and a beta of 1.19.

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

Accenture Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 11th will be given a $1.29 dividend. This represents a $5.16 annualized dividend and a yield of 1.63%. The ex-dividend date is Wednesday, April 10th. Accenture’s payout ratio is currently 46.78%.

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.

Read More

Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture plc (NYSE:ACNFree Report).

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.