Walden Wealth Partners LLC Makes New Investment in Accenture plc (NYSE:ACN)

Walden Wealth Partners LLC bought a new position in Accenture plc (NYSE:ACNFree Report) in the fourth quarter, HoldingsChannel reports. The fund bought 8,663 shares of the information technology services provider’s stock, valued at approximately $3,040,000. Accenture accounts for approximately 1.9% of Walden Wealth Partners LLC’s investment portfolio, making the stock its 13th biggest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Accenture by 0.3% in the third quarter. Vanguard Group Inc. now owns 58,434,025 shares of the information technology services provider’s stock valued at $17,945,673,000 after buying an additional 184,541 shares during the period. FMR LLC increased its stake in shares of Accenture by 4.4% in the third quarter. FMR LLC now owns 13,316,028 shares of the information technology services provider’s stock valued at $4,089,485,000 after buying an additional 565,505 shares during the period. Wellington Management Group LLP increased its stake in shares of Accenture by 7.0% in the third quarter. Wellington Management Group LLP now owns 11,034,666 shares of the information technology services provider’s stock valued at $3,388,856,000 after buying an additional 720,647 shares during the period. Capital Research Global Investors lifted its holdings in shares of Accenture by 1.9% in the fourth quarter. Capital Research Global Investors now owns 8,479,430 shares of the information technology services provider’s stock valued at $2,975,517,000 after purchasing an additional 159,696 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Accenture by 5.6% in the third quarter. Northern Trust Corp now owns 8,285,864 shares of the information technology services provider’s stock valued at $2,544,672,000 after purchasing an additional 443,004 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Piper Sandler dropped their target price on Accenture from $379.00 to $320.00 and set a “neutral” rating on the stock in a report on Monday. Piper Sandler Companies dropped their price target on Accenture from $379.00 to $320.00 and set a “neutral” rating on the stock in a report on Monday. Wedbush dropped their price target on Accenture from $400.00 to $350.00 and set an “outperform” rating on the stock in a report on Wednesday, June 12th. Susquehanna reiterated a “neutral” rating and set a $360.00 price target (down from $400.00) on shares of Accenture in a report on Thursday, March 21st. Finally, Barclays decreased their target price on Accenture from $390.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $362.68.

View Our Latest Analysis on Accenture

Insider Activity at Accenture

In other Accenture news, COO John F. Walsh sold 8,000 shares of Accenture stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $332.13, for a total transaction of $2,657,040.00. Following the completion of the sale, the chief operating officer now owns 17,877 shares of the company’s stock, valued at $5,937,488.01. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Accenture news, CEO Jean-Marc Ollagnier sold 6,250 shares of Accenture stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $315.91, for a total transaction of $1,974,437.50. Following the completion of the sale, the chief executive officer now owns 161,581 shares of the company’s stock, valued at $51,045,053.71. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO John F. Walsh sold 8,000 shares of Accenture stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $332.13, for a total value of $2,657,040.00. Following the sale, the chief operating officer now directly owns 17,877 shares of the company’s stock, valued at approximately $5,937,488.01. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,083 shares of company stock valued at $8,959,325. Company insiders own 0.07% of the company’s stock.

Accenture Stock Down 0.4 %

NYSE:ACN traded down $1.18 during trading hours on Monday, hitting $285.53. 3,559,291 shares of the company’s stock traded hands, compared to its average volume of 2,643,388. The firm has a market cap of $191.52 billion, a P/E ratio of 25.80, a P/E/G ratio of 3.12 and a beta of 1.22. Accenture plc has a 52 week low of $278.69 and a 52 week high of $387.51. The business’s fifty day simple moving average is $304.35 and its two-hundred day simple moving average is $338.75.

Accenture (NYSE:ACNGet Free Report) last posted its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.11. The company had revenue of $15.80 billion during the quarter, compared to analyst estimates of $15.85 billion. Accenture had a return on equity of 28.30% and a net margin of 10.89%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the company earned $2.69 earnings per share. On average, analysts expect that Accenture plc will post 12.08 EPS for the current year.

Accenture Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Thursday, April 11th were paid a dividend of $1.29 per share. This represents a $5.16 annualized dividend and a yield of 1.81%. The ex-dividend date was Wednesday, April 10th. Accenture’s dividend payout ratio is 46.78%.

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.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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