Mountain Hill Investment Partners Corp. Invests $35,000 in Accenture plc (NYSE:ACN)

Mountain Hill Investment Partners Corp. bought a new stake in shares of Accenture plc (NYSE:ACN) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 100 shares of the information technology services provider’s stock, valued at approximately $35,000.

A number of other large investors also recently added to or reduced their stakes in ACN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Accenture by 378.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,491,736 shares of the information technology services provider’s stock worth $1,941,219,000 after acquiring an additional 4,345,039 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Accenture in the 4th quarter worth $666,495,000. Swedbank AB grew its position in shares of Accenture by 47.5% during the fourth quarter. Swedbank AB now owns 3,763,690 shares of the information technology services provider’s stock valued at $1,324,029,000 after purchasing an additional 1,212,011 shares in the last quarter. Proficio Capital Partners LLC increased its holdings in shares of Accenture by 51,837.3% in the fourth quarter. Proficio Capital Partners LLC now owns 860,601 shares of the information technology services provider’s stock worth $302,751,000 after purchasing an additional 858,944 shares during the last quarter. Finally, Amundi boosted its stake in Accenture by 27.9% during the fourth quarter. Amundi now owns 3,790,069 shares of the information technology services provider’s stock valued at $1,353,909,000 after buying an additional 826,038 shares during the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ACN has been the topic of a number of research reports. Mizuho reduced their price objective on Accenture from $428.00 to $398.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 19th. JPMorgan Chase & Co. upped their price target on shares of Accenture from $370.00 to $396.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Jefferies Financial Group dropped their price objective on shares of Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a research note on Tuesday, January 21st. BMO Capital Markets decreased their target price on shares of Accenture from $425.00 to $370.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 18th. Finally, Piper Sandler reduced their price objective on Accenture from $396.00 to $364.00 and set an “overweight” rating on the stock in a research note on Thursday. Eight analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Accenture has an average rating of “Moderate Buy” and an average price target of $380.05.

Insider Buying and Selling at Accenture

In other news, CEO Julie Spellman Sweet sold 8,793 shares of Accenture stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $394.47, for a total value of $3,468,574.71. Following the transaction, the chief executive officer now directly owns 11,858 shares in the company, valued at approximately $4,677,625.26. This trade represents a 42.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Melissa A. Burgum sold 232 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $394.46, for a total value of $91,514.72. Following the sale, the chief accounting officer now owns 8,915 shares of the company’s stock, valued at $3,516,610.90. This trade represents a 2.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,905 shares of company stock valued at $8,181,753. Company insiders own 0.02% of the company’s stock.

Accenture Price Performance

Shares of ACN stock opened at $305.17 on Monday. The company has a market capitalization of $190.97 billion, a P/E ratio of 25.60, a P/E/G ratio of 3.23 and a beta of 1.24. The company’s 50-day simple moving average is $359.16 and its two-hundred day simple moving average is $357.33. Accenture plc has a one year low of $278.69 and a one year high of $398.35. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, topping the consensus estimate of $2.81 by $0.01. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The company had revenue of $16.70 billion for the quarter, compared to the consensus estimate of $16.64 billion. During the same period last year, the business posted $2.77 EPS. Accenture’s quarterly revenue was up 5.7% on a year-over-year basis. As a group, equities analysts anticipate that Accenture plc will post 12.73 EPS for the current year.

Accenture Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th will be issued a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Thursday, April 10th. Accenture’s payout ratio is 49.66%.

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.