Aviso Wealth Management Acquires 77 Shares of Accenture plc (NYSE:ACN)

Aviso Wealth Management raised its holdings in shares of Accenture plc (NYSE:ACN) by 7.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,148 shares of the information technology services provider’s stock after purchasing an additional 77 shares during the quarter. Aviso Wealth Management’s holdings in Accenture were worth $404,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Financial Engines Advisors L.L.C. lifted its position in Accenture by 1.4% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 2,478 shares of the information technology services provider’s stock worth $872,000 after acquiring an additional 34 shares during the last quarter. UNIVEST FINANCIAL Corp lifted its holdings in Accenture by 0.3% during the 4th quarter. UNIVEST FINANCIAL Corp now owns 36,446 shares of the information technology services provider’s stock worth $12,821,000 after purchasing an additional 96 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in Accenture in the 4th quarter valued at $455,000. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Accenture by 1.0% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 452,741 shares of the information technology services provider’s stock valued at $159,270,000 after acquiring an additional 4,356 shares in the last quarter. Finally, Florida Financial Advisors LLC increased its position in Accenture by 71.2% during the fourth quarter. Florida Financial Advisors LLC now owns 1,868 shares of the information technology services provider’s stock worth $657,000 after acquiring an additional 777 shares during the period. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Stock Up 0.6 %

Shares of NYSE ACN opened at $308.97 on Wednesday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The firm has a market cap of $193.35 billion, a PE ratio of 25.92, a P/E/G ratio of 3.23 and a beta of 1.24. The company’s fifty day simple moving average is $357.53 and its 200 day simple moving average is $356.88. Accenture plc has a 12-month low of $278.69 and a 12-month high of $398.35.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, beating the consensus estimate of $2.81 by $0.01. The company had revenue of $16.70 billion during the quarter, compared to the consensus estimate of $16.64 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the business posted $2.77 EPS. As a group, sell-side analysts forecast that Accenture plc will post 12.73 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 10th will be given a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 1.92%. The ex-dividend date is Thursday, April 10th. Accenture’s payout ratio is currently 48.89%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Accenture from $370.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Guggenheim decreased their price target on Accenture from $400.00 to $395.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Royal Bank of Canada dropped their target price on shares of Accenture from $399.00 to $392.00 and set an “outperform” rating for the company in a research report on Friday, March 21st. Wolfe Research raised shares of Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price objective on the stock in a research note on Wednesday, January 8th. Finally, Jefferies Financial Group lowered their target price on Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a research note on Tuesday, January 21st. Eight research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $378.91.

Insiders Place Their Bets

In related news, CAO Melissa A. Burgum sold 1,487 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $354.54, for a total value of $527,200.98. Following the completion of the sale, the chief accounting officer now directly owns 9,247 shares of the company’s stock, valued at approximately $3,278,431.38. This represents a 13.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Angela Beatty sold 961 shares of the company’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $354.47, for a total transaction of $340,645.67. Following the completion of the sale, the insider now owns 5,484 shares of the company’s stock, valued at approximately $1,943,913.48. The trade was a 14.91 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,905 shares of company stock worth $8,181,753. Insiders own 0.02% of the company’s stock.

About Accenture

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.