Private Advisor Group LLC grew its position in Accenture plc (NYSE:ACN – Free Report) by 1.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,991 shares of the information technology services provider’s stock after acquiring an additional 350 shares during the quarter. Private Advisor Group LLC’s holdings in Accenture were worth $10,048,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in ACN. Chilton Capital Management LLC increased its position in shares of Accenture by 180.0% during the fourth quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 45 shares during the last quarter. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Accenture during the fourth quarter worth $27,000. Annapolis Financial Services LLC boosted its holdings in Accenture by 507.7% in the first quarter. Annapolis Financial Services LLC now owns 79 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 66 shares during the period. Ables Iannone Moore & Associates Inc. purchased a new position in Accenture in the fourth quarter worth approximately $29,000. Finally, Atwood & Palmer Inc. increased its holdings in shares of Accenture by 214.8% in the 1st quarter. Atwood & Palmer Inc. now owns 85 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 58 shares during the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.
Accenture Price Performance
Shares of ACN stock traded down $6.63 on Friday, hitting $299.12. 3,158,860 shares of the stock traded hands, compared to its average volume of 2,900,785. The company’s fifty day moving average is $299.38 and its 200 day moving average is $335.07. Accenture plc has a 1-year low of $278.69 and a 1-year high of $387.51. The company has a market capitalization of $187.46 billion, a PE ratio of 27.39, a PEG ratio of 3.41 and a beta of 1.23.
Accenture Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, July 11th will be issued a dividend of $1.29 per share. This represents a $5.16 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Thursday, July 11th. Accenture’s dividend payout ratio (DPR) is 47.25%.
Insider Transactions at Accenture
In other news, insider Ellyn Shook sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the completion of the transaction, the insider now directly owns 13,699 shares in the company, valued at $4,208,606.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Ellyn Shook sold 5,000 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $307.22, for a total value of $1,536,100.00. Following the completion of the transaction, the insider now directly owns 13,699 shares in the company, valued at $4,208,606.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kathleen R. Mcclure sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $316.00, for a total value of $1,422,000.00. Following the sale, the chief financial officer now directly owns 42,781 shares in the company, valued at approximately $13,518,796. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,083 shares of company stock worth $6,302,285. Insiders own 0.07% of the company’s stock.
Analyst Ratings Changes
A number of research firms have weighed in on ACN. StockNews.com cut shares of Accenture from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. Piper Sandler dropped their price objective on shares of Accenture from $379.00 to $320.00 and set a “neutral” rating on the stock in a research note on Monday, June 17th. Redburn Atlantic boosted their target price on Accenture from $410.00 to $445.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Royal Bank of Canada lifted their price target on Accenture from $374.00 to $381.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Finally, Citigroup lowered their price objective on shares of Accenture from $430.00 to $400.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Twelve equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $352.74.
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.
Featured Articles
- Five stocks we like better than Accenture
- What is the Dogs of the Dow Strategy? Overview and Examples
- Constellation Brands Stock Q1 2025: Crushing Anheuser-Busch?
- The 3 Best Fintech Stocks to Buy Now
- Qualcomm Stock Continues to Rise in the Face of Negative News
- How to Buy Cheap Stocks Step by Step
- Top 3 Summer Stocks with Solid Growth Opportunities
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:ACN – Free Report).
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.