Accenture plc (NYSE:ACN) Shares Bought by West Branch Capital LLC

West Branch Capital LLC grew its position in shares of Accenture plc (NYSE:ACNFree Report) by 14.8% during the 4th quarter, Holdings Channel reports. The firm owned 900 shares of the information technology services provider’s stock after purchasing an additional 116 shares during the period. West Branch Capital LLC’s holdings in Accenture were worth $316,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. United Bank boosted its stake in Accenture by 6.3% in the 1st quarter. United Bank now owns 2,969 shares of the information technology services provider’s stock worth $1,001,000 after purchasing an additional 176 shares during the period. Weitz Investment Management Inc. grew its stake in Accenture by 1.3% during the 1st quarter. Weitz Investment Management Inc. now owns 89,400 shares of the information technology services provider’s stock valued at $30,148,000 after acquiring an additional 1,168 shares in the last quarter. Fund Management at Engine No. 1 LLC purchased a new stake in shares of Accenture in the first quarter worth approximately $1,805,000. Guardian Wealth Management Inc. increased its stake in Accenture by 0.6% in the 1st quarter. Guardian Wealth Management Inc. now owns 7,292 shares of the information technology services provider’s stock valued at $2,459,000 after buying an additional 41 shares during the period. Finally, Clearbridge Investments LLC boosted its stake in shares of Accenture by 104.8% during the 1st quarter. Clearbridge Investments LLC now owns 441,451 shares of the information technology services provider’s stock valued at $148,871,000 after buying an additional 225,943 shares during the period. Institutional investors own 75.14% of the company’s stock.

Analyst Ratings Changes

ACN has been the topic of a number of recent research reports. Redburn Atlantic boosted their target price on Accenture from $410.00 to $445.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. TD Cowen cut their price objective on shares of Accenture from $363.00 to $350.00 and set a “market perform” rating on the stock in a research report on Friday, March 22nd. Guggenheim initiated coverage on shares of Accenture in a report on Tuesday, March 19th. They set a “buy” rating and a $425.00 price target on the stock. UBS Group boosted their price target on Accenture from $365.00 to $400.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. Finally, Citigroup lowered their price objective on Accenture from $430.00 to $400.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Accenture has a consensus rating of “Moderate Buy” and a consensus price target of $387.00.

View Our Latest Report on ACN

Accenture Stock Performance

Shares of ACN stock opened at $346.61 on Friday. Accenture plc has a 52-week low of $261.68 and a 52-week high of $387.51. The stock has a market cap of $217.43 billion, a price-to-earnings ratio of 31.42, a PEG ratio of 3.23 and a beta of 1.20. The firm’s 50-day moving average is $368.52 and its 200-day moving average is $340.56.

Accenture (NYSE:ACNGet Free Report) last released its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.11. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The firm had revenue of $15.80 billion during the quarter, compared to analysts’ expectations of $15.85 billion. During the same period in the previous year, the business posted $2.69 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. Sell-side analysts predict that Accenture plc will post 12.1 EPS for the current fiscal year.

Accenture Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th will be paid a dividend of $1.29 per share. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.49%. Accenture’s dividend payout ratio (DPR) is currently 46.78%.

Insider Activity at Accenture

In other Accenture news, CAO Melissa A. Burgum sold 3,010 shares of the stock in a transaction on Friday, January 26th. The stock was 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 owns 9,193 shares in the company, valued at approximately $3,417,957.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Melissa A. Burgum sold 3,010 shares of the firm’s stock in a transaction that occurred 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 $3,417,957.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jean-Marc Ollagnier sold 6,250 shares of the firm’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $362.77, for a total value of $2,267,312.50. Following the transaction, the chief executive officer now owns 167,831 shares in the company, valued at approximately $60,884,051.87. The disclosure for this sale can be found here. Insiders sold 31,000 shares of company stock worth $11,146,998 in the last ninety days. 0.07% of the stock is owned by company insiders.

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.

Further Reading

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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