Accenture plc (NYSE:ACN) Shares Acquired by LPL Financial LLC

LPL Financial LLC lifted its position in shares of Accenture plc (NYSE:ACNGet Rating) by 8.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 177,850 shares of the information technology services provider’s stock after buying an additional 13,507 shares during the quarter. LPL Financial LLC’s holdings in Accenture were worth $73,728,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Profund Advisors LLC increased its holdings in shares of Accenture by 0.3% in the 3rd quarter. Profund Advisors LLC now owns 9,117 shares of the information technology services provider’s stock valued at $2,917,000 after acquiring an additional 27 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Accenture by 4.4% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 662 shares of the information technology services provider’s stock valued at $212,000 after acquiring an additional 28 shares during the last quarter. Cranbrook Wealth Management LLC increased its holdings in shares of Accenture by 16.0% in the 3rd quarter. Cranbrook Wealth Management LLC now owns 218 shares of the information technology services provider’s stock valued at $70,000 after acquiring an additional 30 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in shares of Accenture by 1.5% in the 3rd quarter. Proficio Capital Partners LLC now owns 2,151 shares of the information technology services provider’s stock valued at $688,000 after acquiring an additional 31 shares during the last quarter. Finally, National Asset Management Inc. increased its holdings in shares of Accenture by 0.3% in the 4th quarter. National Asset Management Inc. now owns 12,367 shares of the information technology services provider’s stock valued at $4,509,000 after acquiring an additional 31 shares during the last quarter. 74.46% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus lowered their price target on Accenture from $440.00 to $368.00 in a report on Thursday, March 17th. BMO Capital Markets lowered their price objective on Accenture from $460.00 to $385.00 in a research note on Friday, March 18th. Piper Sandler lowered their price objective on Accenture from $433.00 to $368.00 and set a “neutral” rating for the company in a research note on Friday, March 18th. Morgan Stanley upped their price objective on Accenture from $475.00 to $480.00 and gave the stock an “overweight” rating in a research note on Friday, April 8th. Finally, The Goldman Sachs Group lowered their price objective on Accenture from $446.00 to $386.00 and set a “neutral” rating for the company in a research note on Tuesday, March 15th. Eight analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $383.35.

In other news, CEO Julie Spellman Sweet sold 3,287 shares of the company’s stock in a transaction on Monday, April 18th. The stock was sold at an average price of $315.22, for a total transaction of $1,036,128.14. Following the completion of the sale, the chief executive officer now directly owns 19,836 shares of the company’s stock, valued at $6,252,703.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Joel Unruch sold 470 shares of the company’s stock in a transaction on Monday, April 18th. The shares were sold at an average price of $315.06, for a total value of $148,078.20. Following the transaction, the general counsel now directly owns 26,427 shares in the company, valued at $8,326,090.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,757 shares of company stock valued at $3,386,681. 0.07% of the stock is currently owned by company insiders.

Shares of Accenture stock opened at $304.15 on Friday. The firm has a market cap of $192.80 billion, a price-to-earnings ratio of 30.66, a price-to-earnings-growth ratio of 2.82 and a beta of 1.24. The business has a fifty day simple moving average of $311.01 and a 200-day simple moving average of $339.56. Accenture plc has a fifty-two week low of $268.17 and a fifty-two week high of $417.37.

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 for the quarter, beating the consensus estimate of $2.36 by $0.18. The business had revenue of $15.05 billion during the quarter, compared to analyst estimates of $14.67 billion. Accenture had a return on equity of 31.16% and a net margin of 11.28%. The company’s revenue was up 24.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.03 earnings per share. As a group, equities research analysts expect that Accenture plc will post 10.8 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, May 13th. Stockholders of record on Thursday, April 14th were issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Wednesday, April 13th. Accenture’s dividend payout ratio is 39.11%.

Accenture Profile (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.

Further Reading

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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