Transatlantique Private Wealth LLC Buys 150 Shares of Accenture plc (NYSE:ACN)

Transatlantique Private Wealth LLC raised its stake in Accenture plc (NYSE:ACN) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,951 shares of the information technology services provider’s stock after acquiring an additional 150 shares during the quarter. Transatlantique Private Wealth LLC’s holdings in Accenture were worth $1,742,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Morse Asset Management Inc bought a new stake in shares of Accenture in the third quarter valued at about $25,000. SkyView Investment Advisors LLC raised its stake in Accenture by 1.9% in the 3rd quarter. SkyView Investment Advisors LLC now owns 1,796 shares of the information technology services provider’s stock worth $635,000 after purchasing an additional 33 shares in the last quarter. Anchor Investment Management LLC grew its position in shares of Accenture by 8.4% during the 3rd quarter. Anchor Investment Management LLC now owns 6,135 shares of the information technology services provider’s stock worth $2,169,000 after purchasing an additional 474 shares in the last quarter. Arvest Bank Trust Division bought a new position in shares of Accenture during the third quarter worth approximately $18,115,000. Finally, Wilmington Savings Fund Society FSB raised its position in shares of Accenture by 2.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 41,175 shares of the information technology services provider’s stock valued at $14,555,000 after buying an additional 1,015 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on ACN. Guggenheim lowered their price objective on Accenture from $400.00 to $395.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Robert W. Baird raised Accenture from a “neutral” rating to an “outperform” rating and set a $390.00 price target for the company in a research note on Monday, March 17th. Stifel Nicolaus decreased their target price on shares of Accenture from $390.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Morgan Stanley cut their price target on shares of Accenture from $380.00 to $372.00 and set an “equal weight” rating for the company in a report on Monday, March 17th. Finally, UBS Group lowered their price objective on shares of Accenture from $455.00 to $387.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Eight equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Accenture currently has an average rating of “Moderate Buy” and an average target price of $377.82.

Accenture Trading Down 1.0 %

ACN opened at $282.28 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. Accenture plc has a fifty-two week low of $275.01 and a fifty-two week high of $398.35. The company’s 50 day moving average price is $326.22 and its two-hundred day moving average price is $349.68. The firm has a market capitalization of $176.80 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 3.23 and a beta of 1.32.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.01. The business 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%. Accenture’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.77 earnings per share. As a group, research analysts predict that Accenture plc will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th will be given a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Thursday, April 10th. Accenture’s dividend payout ratio is presently 48.89%.

Insider Transactions at Accenture

In related news, CAO Melissa A. Burgum sold 1,487 shares of Accenture stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $354.54, for a total transaction of $527,200.98. Following the completion of the transaction, the chief accounting officer now owns 9,247 shares of the company’s stock, valued at $3,278,431.38. This trade represents a 13.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Julie Spellman Sweet sold 8,793 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $394.47, for a total value of $3,468,574.71. Following the sale, the chief executive officer now owns 11,858 shares of the company’s stock, valued at approximately $4,677,625.26. The trade was a 42.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,778 shares of company stock worth $8,408,087. Company insiders own 0.02% of the company’s stock.

Accenture Company Profile

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.