Lumature Wealth Partners LLC Buys 144 Shares of Accenture plc (NYSE:ACN)

Lumature Wealth Partners LLC boosted its stake in Accenture plc (NYSE:ACNGet Rating) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,142 shares of the information technology services provider’s stock after acquiring an additional 144 shares during the period. Accenture accounts for about 0.7% of Lumature Wealth Partners LLC’s holdings, making the stock its 28th biggest position. Lumature Wealth Partners LLC’s holdings in Accenture were worth $1,717,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Pittenger & Anderson Inc. raised its position in shares of Accenture by 0.9% in the fourth quarter. Pittenger & Anderson Inc. now owns 91,090 shares of the information technology services provider’s stock valued at $37,761,000 after purchasing an additional 854 shares during the period. Eukles Asset Management raised its position in shares of Accenture by 2.2% in the fourth quarter. Eukles Asset Management now owns 16,942 shares of the information technology services provider’s stock valued at $7,023,000 after purchasing an additional 371 shares during the period. Industrial Alliance Investment Management Inc. bought a new stake in shares of Accenture in the fourth quarter valued at approximately $45,000. Rafferty Asset Management LLC raised its position in shares of Accenture by 13.8% in the fourth quarter. Rafferty Asset Management LLC now owns 131,192 shares of the information technology services provider’s stock valued at $54,386,000 after purchasing an additional 15,889 shares during the period. Finally, Panagora Asset Management Inc. raised its position in shares of Accenture by 397.6% in the fourth quarter. Panagora Asset Management Inc. now owns 176,618 shares of the information technology services provider’s stock valued at $73,217,000 after purchasing an additional 141,125 shares during the period. 74.46% of the stock is currently owned by institutional investors and hedge funds.

Shares of Accenture stock opened at $286.77 on Friday. Accenture plc has a 52-week low of $274.79 and a 52-week high of $417.37. The stock has a market capitalization of $181.79 billion, a price-to-earnings ratio of 28.91, a price-to-earnings-growth ratio of 2.60 and a beta of 1.24. The company has a fifty day moving average of $317.19 and a 200-day moving average of $345.04.

Accenture (NYSE:ACNGet Rating) last announced its quarterly earnings data on Thursday, March 17th. The information technology services provider reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.18. Accenture had a net margin of 11.28% and a return on equity of 31.16%. The company had revenue of $15.05 billion during the quarter, compared to analysts’ expectations of $14.67 billion. During the same quarter in the prior year, the company earned $2.03 EPS. The firm’s revenue was up 24.5% on a year-over-year basis. On average, analysts predict that Accenture plc will post 10.8 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 13th. Investors of record on Thursday, April 14th were issued a dividend of $0.97 per share. The ex-dividend date of this dividend was Wednesday, April 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.35%. Accenture’s dividend payout ratio is currently 39.11%.

Several research firms have recently issued reports on ACN. StockNews.com began coverage on shares of Accenture in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. The Goldman Sachs Group decreased their target price on shares of Accenture from $446.00 to $386.00 and set a “neutral” rating on the stock in a report on Tuesday, March 15th. Zacks Investment Research lowered shares of Accenture from a “buy” rating to a “hold” rating and set a $323.00 target price on the stock. in a report on Tuesday, March 15th. Robert W. Baird lowered shares of Accenture to a “neutral” rating in a report on Friday, April 22nd. Finally, Morgan Stanley upped their target price on shares of Accenture from $475.00 to $480.00 and gave the stock an “overweight” rating in a report on Friday, April 8th. Eight research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, Accenture has an average rating of “Buy” and an average target price of $383.35.

In other Accenture news, CEO Julie Spellman Sweet sold 3,287 shares of the company’s stock in a transaction on Monday, April 18th. The shares were sold at an average price of $315.22, for a total value of $1,036,128.14. Following the completion of the transaction, the chief executive officer now directly owns 19,836 shares in the company, valued at approximately $6,252,703.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jean-Marc Ollagnier sold 6,250 shares of the company’s stock in a transaction on Monday, April 18th. The stock was sold at an average price of $315.13, for a total transaction of $1,969,562.50. Following the completion of the transaction, the insider now owns 165,866 shares of the company’s stock, valued at $52,269,352.58. The disclosure for this sale can be found here. Insiders have sold a total of 10,757 shares of company stock valued at $3,386,681 over the last quarter. 0.07% of the stock is currently owned by company insiders.

About Accenture (Get Rating)

Accenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operations services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management, intelligent automation comprises robotic process automation, natural language processing, and virtual agents, and liquid application management services, as well as program, project, and service management services; strategy consulting services; critical data elements, data management and governance, data platform and architecture, product-based organization and skills, business adoption, and value realization services; engineering, and research and development digitization; smart connected product design and development; product platform engineering and modernization; product as-a-service enablement; products related to production and operations; autonomous robotics systems; the digital transformation of capital projects; and digital industrial workforce solutions.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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