United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Buys Shares of 3,900 Accenture plc (NYSE:ACN)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in Accenture plc (NYSE:ACN) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 3,900 shares of the information technology services provider’s stock, valued at approximately $1,372,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Baldwin Wealth Partners LLC MA increased its stake in shares of Accenture by 6.5% in the fourth quarter. Baldwin Wealth Partners LLC MA now owns 63,429 shares of the information technology services provider’s stock worth $22,314,000 after acquiring an additional 3,883 shares during the last quarter. Davidson Trust Co. grew its stake in shares of Accenture by 7.4% in the 4th quarter. Davidson Trust Co. now owns 2,307 shares of the information technology services provider’s stock valued at $812,000 after buying an additional 158 shares in the last quarter. Franklin Street Advisors Inc. NC increased its holdings in Accenture by 126.8% in the fourth quarter. Franklin Street Advisors Inc. NC now owns 40,051 shares of the information technology services provider’s stock worth $14,090,000 after buying an additional 22,391 shares during the last quarter. China Universal Asset Management Co. Ltd. lifted its stake in Accenture by 37.5% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 3,094 shares of the information technology services provider’s stock valued at $1,088,000 after acquiring an additional 843 shares during the last quarter. Finally, SteelPeak Wealth LLC grew its position in Accenture by 127.1% in the fourth quarter. SteelPeak Wealth LLC now owns 2,323 shares of the information technology services provider’s stock worth $817,000 after acquiring an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Buying and Selling

In other news, CAO Melissa A. Burgum sold 232 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $394.46, for a total value of $91,514.72. Following the sale, the chief accounting officer now directly owns 8,915 shares in the company, valued at approximately $3,516,610.90. This trade represents a 2.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Angie Y. Park sold 685 shares of the company’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $354.38, for a total transaction of $242,750.30. Following the transaction, the chief financial officer now owns 8,674 shares of the company’s stock, valued at $3,073,892.12. This trade represents a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,905 shares of company stock worth $8,181,753 in the last ninety days. 0.02% of the stock is owned by insiders.

Accenture Trading Up 0.6 %

Shares of NYSE:ACN opened at $308.97 on Wednesday. The business’s 50 day simple moving average is $357.53 and its 200 day simple moving average is $356.88. The company has a market capitalization of $193.35 billion, a P/E ratio of 25.92, a P/E/G ratio of 3.23 and a beta of 1.24. 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 1 year low of $278.69 and a 1 year high of $398.35.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 EPS 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 revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.77 earnings per share. On average, research analysts anticipate that Accenture plc will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th will be issued a dividend of $1.48 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.92%. Accenture’s dividend payout ratio (DPR) is currently 48.89%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ACN shares. Wolfe Research upgraded shares of Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price objective for the company in a report on Wednesday, January 8th. Jefferies Financial Group decreased their price target on shares of Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. Guggenheim lowered their price objective on shares of Accenture from $400.00 to $395.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Royal Bank of Canada cut their price target on shares of Accenture from $399.00 to $392.00 and set an “outperform” rating for the company in a report on Friday, March 21st. Finally, Robert W. Baird raised shares of Accenture from a “neutral” rating to an “outperform” rating and set a $390.00 price objective on the stock in a report on Monday, March 17th. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $378.91.

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.